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Sharing Services Global (Sharing Services Global) Effective Interest Rate on Debt % : 33.10% (As of Dec. 2023)


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What is Sharing Services Global Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Sharing Services Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.55 Mil. Sharing Services Global's average total debt for the quarter that ended in Dec. 2023 was $1.66 Mil. Therefore, Sharing Services Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 33.10%.


Sharing Services Global Effective Interest Rate on Debt % Historical Data

The historical data trend for Sharing Services Global's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sharing Services Global Effective Interest Rate on Debt % Chart

Sharing Services Global Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 105.03 21.93 3.75 201.37 61.85

Sharing Services Global Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.43 49.40 12.64 58.61 33.10

Competitive Comparison of Sharing Services Global's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Sharing Services Global's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sharing Services Global's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sharing Services Global's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sharing Services Global's Effective Interest Rate on Debt % falls into.



Sharing Services Global Effective Interest Rate on Debt % Calculation

Sharing Services Global's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -13.213/( (10.495+32.231)/ 2 )
=-1  *  -13.213/21.363
=61.85 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.462 + 10.033
=10.495

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.44 + 31.791
=32.231

Sharing Services Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.548/( (1.661+1.65)/ 2 )
=-1  *  -0.548/1.6555
=33.10 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.416 + 1.245
=1.661

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.416 + 1.234
=1.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sharing Services Global  (OTCPK:SHRG) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Sharing Services Global Effective Interest Rate on Debt % Related Terms

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Sharing Services Global (Sharing Services Global) Business Description

Traded in Other Exchanges
N/A
Address
5200 Tennyson Parkway, Suite 400, Plano, TX, USA, 75024
Sharing Services Global Corp is a diversified holding company specializing in the direct selling industry. The company owns, operates, or controls an interest in a variety of companies that sell products and services to the consumer directly through independent representatives that range from health and wellness, energy, technology, insurance services, training, media, and travel benefits. Its operating segment includes Health and wellness products and the sale of member-based travel services through an independent sales force. The company derives the maximum revenue from the Health and wellness products segment. Geographically, it generates a majority of its revenue from the United States.
Executives
Chan Heng Fai Ambrose director, other: Exec. Chairman of the Board 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Document Security Systems Inc 10 percent owner 275 WIREGRASS PKWY, WEST HENRIETTA NY 14586
Anthony S. Chan officer: Chief Financial Officer 228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010
Steven Mark Nicholls officer: Chief Financial Officer 1700 COIT ROAD, SUITE 100, PLANO TX 75075
Robert H Trapp director C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203
Sassuan (samson) Lee director 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623
Frank D Heuszel director 275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586
Frank Walters director, officer: SECRETARY, TREASURER, CFO C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Keith R Halls director 75 W CENTER ST, PROVO UT 84601
Kip Hughes Allison director 7200 DALLAS PKWY, #2322, PLANO TX 75024
John Thatch director, officer: PRESIDENT, CEO C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Bear Bull Market Dividends, Inc. 10 percent owner 600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626
Alchemist Holdings Llc 10 percent owner 1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034

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