Althea Group Holdings (Althea Group Holdings) Effective Interest Rate on Debt % : 24.72% (As of Dec. 2023)

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What is Althea Group Holdings 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. Althea Group Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.88 Mil. Althea Group Holdings's average total debt for the quarter that ended in Dec. 2023 was $3.56 Mil. Therefore, Althea Group Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 24.72%.

Althea Group Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Althea Group Holdings'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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Althea Group Holdings Effective Interest Rate on Debt % Chart

Althea Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

25.88

0.08

1.28

11.83

Althea Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						1.63	1.04	1.59	22.71	24.72

Competitive Comparison of Althea Group Holdings's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Althea Group Holdings'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.

Althea Group Holdings's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Althea Group Holdings's Effective Interest Rate on Debt % falls into.

Althea Group Holdings Effective Interest Rate on Debt % Calculation

Althea Group Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.406	/	( (3.61	+	3.256)	/ 2 )
=	-1 * -0.406	/	3.433
=	11.83 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.511	+	0.099
=	3.61

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.528	+	2.728
=	3.256

Althea Group Holdings'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.88	/	( (3.256	+	3.864)	/ 2 )
=	-1 * -0.88	/	3.56
=	24.72 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.528	+	2.728
=	3.256

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.653	+	0.211
=	3.864

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

Althea Group Holdings (OTCPK:AHGHF) Effective Interest Rate on Debt % Explanation

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

Althea Group Holdings Effective Interest Rate on Debt % Related Terms

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Althea Group Holdings (Althea Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Althea Group Holdings Ltd (OTCPK:AHGHF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

AGH:Australia

Address

360 Elizabeth Street, Suite 2, Level 50, Melbourne, VIC, AUS, 3000

Website

https://www.althea.life

Althea Group Holdings Ltd is engaged in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products. It operates in three reportable segments Pharmaceutical Cannabis, Recreational Cannabis, and Corporate in which it generates the majority of its revenue from Pharmaceutical Cannabis. It operates into four geographic segments: Australia, the United Kingdom, Canada, and others. The company earns key revenue from Australia and through the sale of medicinal cannabis products.

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