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Avant Brands (Avant Brands) Effective Interest Rate on Debt % : 11.10% (As of Feb. 2024)


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What is Avant Brands 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. Avant Brands's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $1.40 Mil. Avant Brands's average total debt for the quarter that ended in Feb. 2024 was $12.61 Mil. Therefore, Avant Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 11.10%.


Avant Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for Avant Brands'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.

Avant Brands Effective Interest Rate on Debt % Chart

Avant Brands Annual Data
Trend Dec14 Dec15 Dec16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.44 20.58 27.58 1.98 12.32

Avant Brands Quarterly Data
May19 Aug19 Nov19 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 Premium Member Only Premium Member Only Premium Member Only 0.53 14.89 6.08 8.68 11.10

Competitive Comparison of Avant Brands's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Avant Brands'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.


Avant Brands's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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



Avant Brands Effective Interest Rate on Debt % Calculation

Avant Brands's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -0.9/( (2.237+12.374)/ 2 )
=-1  *  -0.9/7.3055
=12.32 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.783 + 0.454
=2.237

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.396 + 5.978
=12.374

Avant Brands'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  *  -1.4/( (12.374+12.842)/ 2 )
=-1  *  -1.4/12.608
=11.10 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.396 + 5.978
=12.374

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.863 + 3.979
=12.842

* 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.


Avant Brands  (OTCPK:AVTBF) Effective Interest Rate on Debt % Explanation

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


Avant Brands Effective Interest Rate on Debt % Related Terms

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Avant Brands (Avant Brands) Business Description

Industry
Traded in Other Exchanges
Address
1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2
Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.