Sustainable Projects Group (Sustainable Projects Group) Effective Interest Rate on Debt % : 0.23% (As of Mar. 2024)

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What is Sustainable Projects Group 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. Sustainable Projects Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Sustainable Projects Group's average total debt for the quarter that ended in Mar. 2024 was $1.77 Mil. Therefore, Sustainable Projects Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.23%.

Sustainable Projects Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Sustainable Projects Group'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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Sustainable Projects Group Effective Interest Rate on Debt % Chart

Sustainable Projects Group Annual Data

Trend

May14

May15

May16

May17

May18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.43

1.90

5.45

13.68

Sustainable Projects Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	19.00	10.02	9.79	0.23

Competitive Comparison of Sustainable Projects Group's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Sustainable Projects Group'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.

Sustainable Projects Group's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sustainable Projects Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sustainable Projects Group's Effective Interest Rate on Debt % falls into.

Sustainable Projects Group Effective Interest Rate on Debt % Calculation

Sustainable Projects Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.136	/	( (0.175	+	1.814)	/ 2 )
=	-1 * -0.136	/	0.9945
=	13.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.05	+	0.125
=	0.175

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.56	+	0.254
=	1.814

Sustainable Projects Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.004	/	( (1.814	+	1.731)	/ 2 )
=	-1 * -0.004	/	1.7725
=	0.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.56	+	0.254
=	1.814

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.476	+	0.255
=	1.731

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sustainable Projects Group (OTCPK:SPGX) Effective Interest Rate on Debt % Explanation

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

Sustainable Projects Group Effective Interest Rate on Debt % Related Terms

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Sustainable Projects Group (Sustainable Projects Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sustainable Projects Group Inc (OTCPK:SPGX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2316 Pine Ridge Road No. 383, Naples, FL, USA, 34109

Website

https://www.spgroupe.com

Sustainable Projects Group Inc is a business development company. It is engaged in project development and holdings through value-based investments and collaborative partnerships with companies across sustainable sectors. The company has three reportable segments: YER Brands, Sustainable Projects Group and Lithium Harvest.

Executives

Mathiesen Sune	director, officer: Chairman, President and CEO	HELSTED HUSEVEJ 45, RANDERS G7 8920
Kestrel Flight Fund Llc	10 percent owner	149 MEADOWBROOK ROAD, WESTON MA 02493
Paw Juul	officer: Chief Technology Officer	2316 PINE RIDGE ROAD #383, NAPLES FL 34109
Paul Meier	10 percent owner	STEINLERSTRASSE 18, WANGI V8 9545
Muehlbauer Kurt Manfred Henry	other: Shareholder	12851 CARRINGTON CIR, #203, NAPLES FL 34105
Tiffany Anne Muehlbauer	officer: Chief Operating Officer	12850 CARRINGTON CIR, #102, NAPLES FL 34105
Stefan Muehlbauer	director, officer: Chief Communications Officer	12850 CARRINGTON CIRCLE, #102, NAPLES FL 34105
Christian Winzenried	director, officer: CEO / President	2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Philip Grothe	director	HAGELSTRASSE 72, DINSLAKEN 2M 46535
Christopher Grunder	10 percent owner	2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Suha Hachler	director, officer: CFO	403 E. COMMERCE STREET, SAN ANTONIO TX 78205