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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%.
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.
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 | 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 | 59.43 | 49.40 | 12.64 | 58.61 | 33.10 |
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.
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'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.
Thank you for viewing the detailed overview of Sharing Services Global's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
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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