Loop Industries (FRA:3L9) Effective Interest Rate on Debt % : 2.74% (As of Feb. 2024)

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What is Loop Industries 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. Loop Industries's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was €0.08 Mil. Loop Industries's average total debt for the quarter that ended in Feb. 2024 was €3.07 Mil. Therefore, Loop Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 2.74%.

Loop Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Loop Industries'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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Loop Industries Effective Interest Rate on Debt % Chart

Loop Industries Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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53.33

4.60

5.43

4.82

4.90

Loop Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.03	4.57	5.25	5.10	2.74

Competitive Comparison of Loop Industries's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Loop Industries'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.

Loop Industries's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Loop Industries's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Loop Industries's Effective Interest Rate on Debt % falls into.

Loop Industries Effective Interest Rate on Debt % Calculation

Loop Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -0.151	/	( (3.084	+	3.078)	/ 2 )
=	-1 * -0.151	/	3.081
=	4.90 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.026	+	0.058
=	3.084

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.985	+	0.093
=	3.078

Loop Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.084	/	( (3.063	+	3.078)	/ 2 )
=	-1 * -0.084	/	3.0705
=	2.74 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.6	+	0.463
=	3.063

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.985	+	0.093
=	3.078

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

Loop Industries (FRA:3L9) Effective Interest Rate on Debt % Explanation

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

Loop Industries Effective Interest Rate on Debt % Related Terms

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Loop Industries (FRA:3L9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (FRA:3L9) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

LOOP:USA

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

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