Simply Solventless Concentrates (TSXV:HASH) Effective Interest Rate on Debt % : 10.80% (As of Mar. 2024)

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What is Simply Solventless Concentrates 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. Simply Solventless Concentrates's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.21 Mil. Simply Solventless Concentrates's average total debt for the quarter that ended in Mar. 2024 was C$1.93 Mil. Therefore, Simply Solventless Concentrates's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.80%.

Simply Solventless Concentrates Effective Interest Rate on Debt % Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Effective Interest Rate on Debt % Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.00

8.95

7.79

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				7.49	15.78	15.37	-	10.80

Competitive Comparison of Simply Solventless Concentrates's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Solventless Concentrates'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.

Simply Solventless Concentrates's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Simply Solventless Concentrates's Effective Interest Rate on Debt % falls into.

Simply Solventless Concentrates Effective Interest Rate on Debt % Calculation

Simply Solventless Concentrates'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 * -0.337	/	( (6.939	+	1.71)	/ 2 )
=	-1 * -0.337	/	4.3245
=	7.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.907	+	0.032
=	6.939

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.148	+	0.562
=	1.71

Simply Solventless Concentrates'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 * -0.208	/	( (1.71	+	2.143)	/ 2 )
=	-1 * -0.208	/	1.9265
=	10.80 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.148	+	0.562
=	1.71

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.083	+	1.06
=	2.143

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.

Simply Solventless Concentrates (TSXV:HASH) Effective Interest Rate on Debt % Explanation

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

Simply Solventless Concentrates Effective Interest Rate on Debt % Related Terms

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Simply Solventless Concentrates (TSXV:HASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

273209 Range Road 20, Rocky View County, AB, CAN, T4B 4P2

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers.

Executives

William Colin Macdonald	10% Security Holder, Director
Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer

Simply Solventless Concentrates (TSXV:HASH) Headlines

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