CLGPF (Clean Seed Capital Group) Effective Interest Rate on Debt % : 11.74% (As of Mar. 2024)

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What is Clean Seed Capital 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. Clean Seed Capital Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.58 Mil. Clean Seed Capital Group's average total debt for the quarter that ended in Mar. 2024 was $4.98 Mil. Therefore, Clean Seed Capital Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.74%.

Clean Seed Capital Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Clean Seed Capital 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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Clean Seed Capital Group Effective Interest Rate on Debt % Chart

Clean Seed Capital Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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15.16

14.14

8.86

11.02

10.26

Clean Seed Capital 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															5.79	15.00	16.09	12.46	11.74

Competitive Comparison of Clean Seed Capital Group's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Clean Seed Capital 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.

Clean Seed Capital Group's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Clean Seed Capital Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Clean Seed Capital Group's Effective Interest Rate on Debt % falls into.

Clean Seed Capital Group Effective Interest Rate on Debt % Calculation

Clean Seed Capital Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.412	/	( (3.048	+	4.98)	/ 2 )
=	-1 * -0.412	/	4.014
=	10.26 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.206	+	1.842
=	3.048

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.387	+	3.593
=	4.98

Clean Seed Capital 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 * -0.584	/	( (4.817	+	5.133)	/ 2 )
=	-1 * -0.584	/	4.975
=	11.74 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.228	+	3.589
=	4.817

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.932	+	4.201
=	5.133

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.

Clean Seed Capital Group (OTCPK:CLGPF) Effective Interest Rate on Debt % Explanation

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

Clean Seed Capital Group Effective Interest Rate on Debt % Related Terms

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Clean Seed Capital Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Clean Seed Capital Group Ltd (OTCPK:CLGPF) » Definitions » Effective Interest Rate on Debt %

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Address

7541 Conway Avenue, Unit 14, Burnaby, BC, CAN, V5E 2P7

Website

https://www.cleanseedcapital.com

Clean Seed Capital Group Ltd is an agricultural technologies company. Its primary business is the design and development of products from its SMART Seeder and SeedSync technologies. The technologies developed by the company are used to develop seeding and planting tools for metering, drilling, planting seeds, and other related applications using electronic control systems. Its product offerings include Cushion Drive Digital Metering System, SeedSync ONE, and SMART Seeder among others. The company operates in one segment which is the agriculture equipment industry.

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