Ananda Developments (AQSE:ANA) Effective Interest Rate on Debt % : 2.39% (As of Jul. 2023)

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What is Ananda Developments 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. Ananda Developments's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was £0.09 Mil. Ananda Developments's average total debt for the quarter that ended in Jul. 2023 was £3.68 Mil. Therefore, Ananda Developments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 2.39%.

Ananda Developments Effective Interest Rate on Debt % Historical Data

The historical data trend for Ananda Developments'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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Ananda Developments Effective Interest Rate on Debt % Chart

Ananda Developments Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

9.41

Ananda Developments Semi-Annual Data
	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	-	-	23.23	2.39

Competitive Comparison of Ananda Developments's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Ananda Developments'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.

Ananda Developments's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ananda Developments's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ananda Developments Effective Interest Rate on Debt % Calculation

Ananda Developments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jan. 2023 ))	/ count )
=	-1 * -0.248	/	( (1.586	+	3.683)	/ 2 )
=	-1 * -0.248	/	2.6345
=	9.41 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.588	+	0.998
=	1.586

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.683
=	3.683

Ananda Developments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2023 )	+	Total Debt (Q: Jul. 2023 ))	/ count )
=	-1 * -0.088	/	( (3.683	+	0)	/ 1 )
=	-1 * -0.088	/	3.683
=	2.39 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.683
=	3.683

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

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 two times the semi-annual (Jul. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ananda Developments (AQSE:ANA) Effective Interest Rate on Debt % Explanation

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

Ananda Developments Effective Interest Rate on Debt % Related Terms

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Ananda Developments (AQSE:ANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ananda Developments PLC (AQSE:ANA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

http://www.anandadevelopments.com

Ananda Developments PLC provides investment to healthcare market for the companies that develop medicinal or therapeutic cannabis derivatives, or related products including nutraceuticals, dietary supplements, and cosmetic products which contain Cannabis or hemp derived cannabinoids.

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