Greenlane Holdings (Greenlane Holdings) Effective Interest Rate on Debt % : 162.88% (As of Sep. 2023)

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What is Greenlane 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. Greenlane Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $13.66 Mil. Greenlane Holdings's average total debt for the quarter that ended in Sep. 2023 was $8.39 Mil. Therefore, Greenlane Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 162.88%.

Greenlane Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Greenlane 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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Greenlane Holdings Effective Interest Rate on Debt % Chart

Greenlane Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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12.96

3.15

3.45

2.63

9.52

Greenlane Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.98	16.26	20.97	39.00	162.88

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

For the Tobacco subindustry, Greenlane 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.

Greenlane Holdings's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Greenlane Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Greenlane Holdings Effective Interest Rate on Debt % Calculation

Greenlane Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -2.45	/	( (31.696	+	19.797)	/ 2 )
=	-1 * -2.45	/	25.7465
=	9.52 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.821	+	14.875
=	31.696

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.956	+	4.841
=	19.797

Greenlane Holdings'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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -13.66	/	( (7.531	+	9.242)	/ 2 )
=	-1 * -13.66	/	8.3865
=	162.88 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.064	+	3.467
=	7.531

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.238	+	8.004
=	9.242

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

Greenlane Holdings (NAS:GNLN) Effective Interest Rate on Debt % Explanation

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

Greenlane Holdings Effective Interest Rate on Debt % Related Terms

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Greenlane Holdings (Greenlane Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Greenlane Holdings Inc (NAS:GNLN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1095 Broken Sound Parkway, Suite 100, Boca Raton, FL, USA, 33487

Website

https://www.gnln.com

Greenlane Holdings Inc is a distributor of vaporization products and consumption accessories in the United States. It offers a selection of stock-keeping units including vaporizers and parts, cleaning products, grinders and storage containers, pipes, rolling papers and customized lines of premium specialty packaging. The company markets and sells its products in both the business to business and business to consumer sectors of the marketplace. Its geographical segment includes the United States; Canada and Europe. It derives a majority of revenue from the United States.

Executives

Gina Collins	director	C/O GREENLANE HOLDINGS, INC., 1401 WARNER AVE., SUITE A, TUSTIN CA 92780
Craig A. Snyder	officer: Chief Commercial Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Jeffrey J Uttz	director	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Lana Reeve	officer: See remarks.	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 100, BOCA RATON FL 33487
Adam Schoenfeld	director, 10 percent owner, officer: Chief Strategy Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Darsh Dahya	officer: Chief Accounting Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Renah Persofsky	director	55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3
Mote William E. Jr	officer: Chief Financal Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Aaron Locascio	director, 10 percent owner, officer: Chief Executive Officer	1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
Nicholas Kovacevich	director, officer: Chief Executive Officer	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Michael Cellucci	officer: See remarks.	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487
William J. Bine	officer: Chief Operating Officer	C/O GREENLANE HOLDINGS, INC., 1095 BROKEN SOUND PARKWAY, SUITE 300, BOCA RATON FL 33487