BevCanna Enterprises (STU:7BC) Effective Interest Rate on Debt % : 45.75% (As of Dec. 2023)

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What is BevCanna Enterprises 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. BevCanna Enterprises's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €1.76 Mil. BevCanna Enterprises's average total debt for the quarter that ended in Dec. 2023 was €3.84 Mil. Therefore, BevCanna Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 45.75%.

BevCanna Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for BevCanna Enterprises'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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BevCanna Enterprises Effective Interest Rate on Debt % Chart

BevCanna Enterprises Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.41

2.52

1.67

0.65

BevCanna Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.50	1.18	0.53	0.60	45.75

Competitive Comparison of BevCanna Enterprises's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, BevCanna Enterprises'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.

BevCanna Enterprises's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, BevCanna Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

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

BevCanna Enterprises Effective Interest Rate on Debt % Calculation

BevCanna Enterprises'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 * -0.019	/	( (2.407	+	3.458)	/ 2 )
=	-1 * -0.019	/	2.9325
=	0.65 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.056	+	2.351
=	2.407

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.055	+	3.403
=	3.458

BevCanna Enterprises'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 * -1.756	/	( (4.219	+	3.458)	/ 2 )
=	-1 * -1.756	/	3.8385
=	45.75 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.159	+	4.06
=	4.219

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.055	+	3.403
=	3.458

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.

BevCanna Enterprises (STU:7BC) Effective Interest Rate on Debt % Explanation

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

BevCanna Enterprises Effective Interest Rate on Debt % Related Terms

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BevCanna Enterprises (STU:7BC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » BevCanna Enterprises Inc (STU:7BC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BVNNF:USA BEV:Canada

Address

300 1008 Homer Street, Vancouver, BC, CAN, V6B 2X1

Website

https://www.bevcanna.com

BevCanna Enterprises Inc develops and manufactures cannabidiol (CBD) and tetrahydrocannabinol (THC) beverages and supplements for both in-house brands and white-label customers. It also provides direct-to-customer sales of natural health products, including nutraceutical and hemp-based CBD products. Its geographical segments are Canada and the United States.

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