Winvest Group (Winvest Group) Effective Interest Rate on Debt % : 1.00% (As of Dec. 2023)

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What is Winvest Group 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. Winvest Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.01 Mil. Winvest Group's average total debt for the quarter that ended in Dec. 2023 was $0.80 Mil. Therefore, Winvest Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.00%.

Winvest Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Winvest Group'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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Winvest Group Effective Interest Rate on Debt % Chart

Winvest Group Annual Data

Trend

May20

May21

Dec22

Dec23

Effective Interest Rate on Debt %

0.67

1.76

Winvest Group Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												0.81	-	3.31	1.53	1.00

Competitive Comparison of Winvest Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Winvest Group'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.

Winvest Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Winvest Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Winvest Group Effective Interest Rate on Debt % Calculation

Winvest Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.012	/	( (0.562	+	0.8)	/ 2 )
=	-1 * -0.012	/	0.681
=	1.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.562
=	0.562

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.8
=	0.8

Winvest Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.008	/	( (0.794	+	0.8)	/ 2 )
=	-1 * -0.008	/	0.797
=	1.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.794
=	0.794

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.8
=	0.8

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

Winvest Group (OTCPK:WNLV) Effective Interest Rate on Debt % Explanation

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

Winvest Group Effective Interest Rate on Debt % Related Terms

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Winvest Group (Winvest Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Winvest Group Ltd (OTCPK:WNLV) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 West Liberty Street, Suite 880, Reno, NV, USA, 89501

Website

https://www.winvestgroup.co

Winvest Group Ltd is an investment holding company. It provides diverse portfolios with a focus on education and planning, franchising, wealth marketing, as well as traditional and renewable energy sources.

Winvest Group (Winvest Group) Headlines

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