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Methes Energies International (Methes Energies International) Effective Interest Rate on Debt % : 4.70% (As of Aug. 2023)


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What is Methes Energies 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. Methes Energies International's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was $0.06 Mil. Methes Energies International's average total debt for the quarter that ended in Aug. 2023 was $1.28 Mil. Therefore, Methes Energies International's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 4.70%.


Methes Energies International Effective Interest Rate on Debt % Historical Data

The historical data trend for Methes Energies 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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Methes Energies International Effective Interest Rate on Debt % Chart

Methes Energies International Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14
Effective Interest Rate on Debt %
- - 16.56 23.42 16.44

Methes Energies International Quarterly Data
Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 May22 Aug22 May23 Aug23
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 10.10 - - - 4.70

Competitive Comparison of Methes Energies International's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Methes Energies 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.


Methes Energies International's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Methes Energies International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Methes Energies International's Effective Interest Rate on Debt % falls into.



Methes Energies International Effective Interest Rate on Debt % Calculation

Methes Energies International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2013 )+Total Debt  (A: Nov. 2014 ))/ count )
=-1  *  -0.493/( (2.981+3.017)/ 2 )
=-1  *  -0.493/2.999
=16.44 %

where

Total Debt  (A: Nov. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.837 + 1.18
=3.017

Methes Energies International's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  -0.06/( (1.252+1.3)/ 2 )
=-1  *  -0.06/1.276
=4.70 %

where

Total Debt  (Q: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.19 + 0.062
=1.252

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.207 + 0.093
=1.3

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


Methes Energies International  (OTCPK:MEIL) Effective Interest Rate on Debt % Explanation

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


Methes Energies International Effective Interest Rate on Debt % Related Terms

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Methes Energies International (Methes Energies International) Business Description

Traded in Other Exchanges
N/A
Address
304 S. Jones Boulevard, Suite 8062, Las Vegas, NV, USA, 89107
Methes Energies International Ltd has no operations.
Executives
Johann Loewen officer: VP of Operations C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Anthony T Williams director 4111 MINT WAY, DALLAS TX 75237
Kebir Ratnani director 455 BOULEVARD RENE-LEVESQUE WEST, MONTREAL A8 H2Z 1Z3
Edward A Stoltenberg officer: CFO C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Michel G Laporte director, 10 percent owner, officer: Chairman and CEO PARQUE EMP. FORUM, TORRE G, PISO 1, REGUS CENTER, SANTA ANA G2 126-6155
Steven Anthony officer: VP of Sales and Marketing C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Keith Grafton officer: Plant Manager (Sombra) C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
John Pappain director C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Afrin Shams officer: Chief Accounting Officer C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Perichiyappan Senthilnathan director C/O METHES ENERGIES INTERNATIONAL LTD., 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Han Swoong Ng officer: President C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Michael Hallman officer: VP of Project Management C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103

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