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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. Hydrofarm Holdings Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $15.7 Mil. Hydrofarm Holdings Group's average total debt for the quarter that ended in Mar. 2024 was $181.8 Mil. Therefore, Hydrofarm Holdings Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.65%.
The historical data trend for Hydrofarm Holdings 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.
Hydrofarm Holdings Group Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 11.84 | 13.80 | 2.28 | 6.20 | 8.35 |
Hydrofarm Holdings Group Quarterly Data | ||||||||||||||||||||
Dec18 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 7.81 | 7.89 | 8.41 | 8.67 | 8.65 |
For the Farm & Heavy Construction Machinery subindustry, Hydrofarm Holdings 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.
For the Farm & Heavy Construction Machinery industry and Industrials sector, Hydrofarm Holdings Group's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Hydrofarm Holdings Group's Effective Interest Rate on Debt % falls into.
Hydrofarm Holdings 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 * -15.442 | / | ( (186.07 | + | 183.931) | / 2 ) |
= | -1 * -15.442 | / | 185.0005 | |||
= | 8.35 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 174.96 | + | 11.11 |
= | 186.07 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 171.652 | + | 12.279 |
= | 183.931 |
Hydrofarm Holdings Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Dec. 2023 ) | + | Total Debt (Q: Mar. 2024 )) | / count ) |
= | -1 * -15.724 | / | ( (183.931 | + | 179.618) | / 2 ) |
= | -1 * -15.724 | / | 181.7745 | |||
= | 8.65 % |
where
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 171.652 | + | 12.279 |
= | 183.931 |
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 169.049 | + | 10.569 |
= | 179.618 |
* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Hydrofarm Holdings Group (NAS:HYFM) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Hydrofarm Holdings Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
William Douglas Toler | director, officer: CEO and Chairman of the Board | 1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 64111 |
Kevin Patrick O'brien | officer: Chief Accounting Officer | C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127 |
Terence Fitch | officer: President | 32 ORLE CIR, LITTLE ROCK AR 72223 |
Mark S Parker | officer: Executive Vice President | C/O HYDROFARM HOLDINGS GROUP, INC., 1510 MAIN STREET, SHOEMAKERSVILLE PA 19526 |
Patrick Chung | director | 13 CARNATION RD, THORNHILL A6 L3T 7V3 |
Joseph D Rumley | officer: Chief Accounting Officer | 1141 CUMMINGS ROAD, SANTA PAULA CA 93060 |
Renah Persofsky | director | 55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3 |
Susan Peters | director | 40 OLD MILITARY ROAD, HILTON HEAD SC 29928 |
Richard D Moss | director | 1715 WEST 38TH STREET, CHATTANOOGA TN 37409 |
Bruce John Lindeman | officer: CFO | 1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362 |
Melisa Denis | director | 627 WESTHAVEN RD., COPPELL TX 75019 |
Chris Payne | 10 percent owner | C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2 |
John Tomes | 10 percent owner | C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2 |
Peter Wardenburg | 10 percent owner | 3 BEYER CT., NOVATO CA 94945 |
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