Groove Botanicals (Groove Botanicals) Effective Interest Rate on Debt % : 10.00% (As of Sep. 2023)

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What is Groove Botanicals 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. Groove Botanicals's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.01 Mil. Groove Botanicals's average total debt for the quarter that ended in Sep. 2023 was $0.10 Mil. Therefore, Groove Botanicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 10.00%.

Groove Botanicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Groove Botanicals'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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Groove Botanicals Effective Interest Rate on Debt % Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Effective Interest Rate on Debt %

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11.29

10.98

10.97

8.23

7.10

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.10	7.10	7.10	82.84	10.00

Competitive Comparison of Groove Botanicals's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Groove Botanicals'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.

Groove Botanicals's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's Effective Interest Rate on Debt % distribution charts can be found below:

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

Groove Botanicals Effective Interest Rate on Debt % Calculation

Groove Botanicals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2016 )	+	Total Debt (A: Mar. 2017 ))	/ count )
=	-1 * -0.012	/	( (0.169	+	0.169)	/ 2 )
=	-1 * -0.012	/	0.169
=	7.10 %

where

	Total Debt (A: Mar. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.169
=	0.169

	Total Debt (A: Mar. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.169
=	0.169

Groove Botanicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.01	/	( (0	+	0.1)	/ 1 )
=	-1 * -0.01	/	0.1
=	10.00 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.1
=	0.1

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

Groove Botanicals (OTCPK:GRVE) Effective Interest Rate on Debt % Explanation

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

Groove Botanicals Effective Interest Rate on Debt % Related Terms

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