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Loop Industries (Loop Industries) Effective Interest Rate on Debt % : 5.06% (As of Nov. 2023)


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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 Nov. 2023 was $0.17 Mil. Loop Industries's average total debt for the quarter that ended in Nov. 2023 was $3.32 Mil. Therefore, Loop Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 5.06%.


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.

* Premium members only.

Loop Industries Effective Interest Rate on Debt % Chart

Loop Industries Annual Data
Trend Sep14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.08 51.77 4.85 5.28 4.67

Loop Industries Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.51 2.06 4.60 5.31 5.06

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. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2022 )+Total Debt  (A: Feb. 2023 ))/ count )
=-1  *  -0.156/( (3.378+3.302)/ 2 )
=-1  *  -0.156/3.34
=4.67 %

where

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.24 + 0.062
=3.302

Loop Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -0.168/( (3.326+3.315)/ 2 )
=-1  *  -0.168/3.3205
=5.06 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.97 + 0.356
=3.326

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.814 + 0.501
=3.315

* 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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Loop Industries  (NAS:LOOP) 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 (Loop Industries) Business Description

Industry
Traded in Other Exchanges
Address
480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4
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.
Executives
Fady Mansour officer: Chief Financial Officer 480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Nicolas Lafond officer: Interim CFO 480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Yves Perron officer: VP, Engineering & Construction 480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Stephen Champagne officer: Chief Technology Officer 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Jonghyuk Lee director C/O SK GLOBAL CHEMICAL CO., LTD., 26, JONG-RO, JONGNO-GU, SEOUL M5 03188
Louise S Sams director C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Thomas Andrew Hickey officer: CFO 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Daniel Solomita director, 10 percent owner, officer: President, Secretary & Treas. 1999 AVENUE OF THE STARS, SUITE 2520, LOS ANGELES CA 90067
Nelson Gentiletti officer: COO and CFO 480 FERNAND-POITRAS, TERREBONE A8 J6Y 1Y4
Jay Howard Stubina director 480 FERNAND POITRAS, TERREBONE A8 J6Y 1Y4
Laurence G. Sellyn director 480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Sheila Morin officer: CMO 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Northern Private Capital Fund I Non-resident Limited Partnership 10 percent owner 135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO Z4 A6 M5R 0C7
Northern Private Capital Fund I Limited Partnership 10 percent owner 135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO A6 M5R 0C7
Peter Kezios director 480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4

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