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EpicQuest Education Group International (EpicQuest Education Group International) Effective Interest Rate on Debt % : 1.42% (As of Sep. 2023)


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What is EpicQuest Education Group International 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. EpicQuest Education Group International's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.02 Mil. EpicQuest Education Group International's average total debt for the quarter that ended in Sep. 2023 was $1.26 Mil. Therefore, EpicQuest Education Group International's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 1.42%.


EpicQuest Education Group International Effective Interest Rate on Debt % Historical Data

The historical data trend for EpicQuest Education Group International'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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EpicQuest Education Group International Effective Interest Rate on Debt % Chart

EpicQuest Education Group International Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - - 1.11 1.03 0.84

EpicQuest Education Group International Semi-Annual Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 1.40 - 1.42

Competitive Comparison of EpicQuest Education Group International's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, EpicQuest Education Group International'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.


EpicQuest Education Group International's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, EpicQuest Education Group International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where EpicQuest Education Group International's Effective Interest Rate on Debt % falls into.



EpicQuest Education Group International Effective Interest Rate on Debt % Calculation

EpicQuest Education Group International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.009/( (1.023+1.13)/ 2 )
=-1  *  -0.009/1.0765
=0.84 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.562 + 0.461
=1.023

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.571 + 0.559
=1.13

EpicQuest Education Group International's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.018/( (1.397+1.13)/ 2 )
=-1  *  -0.018/1.2635
=1.42 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.761 + 0.636
=1.397

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.571 + 0.559
=1.13

* 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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


EpicQuest Education Group International  (NAS:EEIQ) Effective Interest Rate on Debt % Explanation

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


EpicQuest Education Group International Effective Interest Rate on Debt % Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Traded in Other Exchanges
N/A
Address
1209 North University Boulevard, Middletown, OH, USA, 45042
EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.