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Unique Logistics International (Unique Logistics International) Effective Interest Rate on Debt % : 12.81% (As of Feb. 2024)


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What is Unique Logistics 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. Unique Logistics International's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $5.6 Mil. Unique Logistics International's average total debt for the quarter that ended in Feb. 2024 was $43.9 Mil. Therefore, Unique Logistics International's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 12.81%.


Unique Logistics International Effective Interest Rate on Debt % Historical Data

The historical data trend for Unique Logistics 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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Unique Logistics International Effective Interest Rate on Debt % Chart

Unique Logistics International Annual Data
Trend May20 May21 May22 May23
Effective Interest Rate on Debt %
2.18 13.81 24.44 9.82

Unique Logistics International Quarterly Data
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 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 5.99 9.96 14.14 9.51 12.81

Competitive Comparison of Unique Logistics International's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Unique Logistics 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.


Unique Logistics International's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Unique Logistics International's Effective Interest Rate on Debt % distribution charts can be found below:

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



Unique Logistics International Effective Interest Rate on Debt % Calculation

Unique Logistics International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -3.837/( (41.956+36.193)/ 2 )
=-1  *  -3.837/39.0745
=9.82 %

where

Total Debt  (A: May. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.992 + 39.964
=41.956

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.962 + 15.231
=36.193

Unique Logistics International'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  *  -5.628/( (43.884+43.975)/ 2 )
=-1  *  -5.628/43.9295
=12.81 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26.433 + 17.451
=43.884

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28.324 + 15.651
=43.975

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


Unique Logistics International  (OTCPK:UNQL) Effective Interest Rate on Debt % Explanation

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


Unique Logistics International Effective Interest Rate on Debt % Related Terms

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Unique Logistics International (Unique Logistics International) Business Description

Traded in Other Exchanges
N/A
Address
154-09, 146th Avenue, Jamaica, NY, USA, 11434
Unique Logistics International Inc is a logistics and freight forwarding company. Its services include Air Freight, Ocean Freight, Customs Brokerage, Insurance, Domestic Distribution, and DDP and Fiscal Representation. Geographically, it derives a majority of its revenue from China, Hong Kong and Taiwan.
Executives
Migdalia Diaz officer: Chief Operating Officer 3722 CASTEEL PARK DRIVE, MARIETTA GA 30064
Sunandan Ray director, officer: Chief Executive Officer 320 SOUTHDOWN ROAD, LLYOD HARBOR NY 11743
Lee Patrick Man Bun director UNIT 05-06, 3/F, ENTERPRISE SQUARE, 9 SHEUNG YUET RD, KOWLOON BAY, KOWLOON K3 1703
David S. Briones director C/O PETRO RIVER OIL COMPANY, 1980 POST OAK BLVD., SUITE 2020, HOUSTON TX 77056
Sterling C. Barton 10 percent owner 823 SOUTH SIXTH STREET, SUITE 100, LAS VEGAS NV 89101
Keith S. Barton 10 percent owner 488 MADISON AVENUE, SUITE 1100, NEW YORK NY 10022
Gcnd, Inc. 10 percent owner C/O GARY WOLF ESQ., 488 MADISON AVE., STE. 1100, NEW YORK NY 10022

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