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Gold Flora (Gold Flora) Effective Interest Rate on Debt % : 7.88% (As of Dec. 2023)


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What is Gold Flora 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. Gold Flora's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $13.06 Mil. Gold Flora's average total debt for the quarter that ended in Dec. 2023 was $165.65 Mil. Therefore, Gold Flora's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.88%.

Gold Flora Effective Interest Rate on Debt % Historical Data

The historical data trend for Gold Flora'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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Gold Flora Effective Interest Rate on Debt % Chart

Gold Flora Annual Data
Trend Dec22 Dec23
Effective Interest Rate on Debt %
13.48 12.32

Gold Flora Quarterly Data
Sep22 Dec22 Sep23 Dec23
Effective Interest Rate on Debt % - 14.48 17.09 7.88

Competitive Comparison of Gold Flora's Effective Interest Rate on Debt %

For the Tobacco subindustry, Gold Flora'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.

Gold Flora's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

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

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


Gold Flora Effective Interest Rate on Debt % Calculation

Gold Flora'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  *  -19.637/( (153.649+165.178)/ 2 )
=-1  *  -19.637/159.4135
=12.32 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.454 + 30.195
=153.649

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=140.674 + 24.504
=165.178

Gold Flora'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  *  -13.056/( (166.128+165.178)/ 2 )
=-1  *  -13.056/165.653
=7.88 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145.471 + 20.657
=166.128

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=140.674 + 24.504
=165.178

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

Gold Flora  (OTCPK:GRAM) Effective Interest Rate on Debt % Explanation

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

Gold Flora Effective Interest Rate on Debt % Related Terms

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Gold Flora (Gold Flora) Business Description

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GRAM:Canada
Address
3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626
Website
https://www.goldflora.com
Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.

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