Canada House Wellness Group (Canada House Wellness Group) Effective Interest Rate on Debt % : 22.92% (As of Apr. 2023)

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What is Canada House Wellness Group 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. Canada House Wellness Group's annualized positive value of Interest Expense for the quarter that ended in Apr. 2023 was $4.36 Mil. Canada House Wellness Group's average total debt for the quarter that ended in Apr. 2023 was $19.04 Mil. Therefore, Canada House Wellness Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 was 22.92%.

Canada House Wellness Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Canada House Wellness Group'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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Canada House Wellness Group Effective Interest Rate on Debt % Chart

Canada House Wellness Group Annual Data

Trend

Mar12

Mar13

Mar14

Jul15

Jul16

Apr17

Apr18

Apr19

Apr20

Apr21

Effective Interest Rate on Debt %

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50.49

150.56

105.56

-3.78

20.19

Canada House Wellness Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Oct22	Jan23	Apr23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.19	18.65	15.08	23.05	22.92

Competitive Comparison of Canada House Wellness Group's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Canada House Wellness Group'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.

Canada House Wellness Group's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Canada House Wellness Group's Effective Interest Rate on Debt % falls into.

Canada House Wellness Group Effective Interest Rate on Debt % Calculation

Canada House Wellness Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2020 )	+	Total Debt (A: Apr. 2021 ))	/ count )
=	-1 * -2.126	/	( (5.12	+	15.94)	/ 2 )
=	-1 * -2.126	/	10.53
=	20.19 %

where

	Total Debt (A: Apr. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.854	+	1.266
=	5.12

	Total Debt (A: Apr. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.906	+	3.034
=	15.94

Canada House Wellness Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2023 )	+	Total Debt (Q: Apr. 2023 ))	/ count )
=	-1 * -4.364	/	( (18.817	+	19.263)	/ 2 )
=	-1 * -4.364	/	19.04
=	22.92 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.534	+	4.283
=	18.817

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.943	+	7.32
=	19.263

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

Canada House Wellness Group (OTCPK:SARSF) Effective Interest Rate on Debt % Explanation

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

Canada House Wellness Group Effective Interest Rate on Debt % Related Terms

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Canada House Wellness Group (Canada House Wellness Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Canada House Wellness Group Inc (OTCPK:SARSF) » Definitions » Effective Interest Rate on Debt %

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Address

551 Rue, Saint Marc, Louiseville, Quebec, QC, CAN, J5V 2L4

Website

https://canadahouse.ca/

Canada House Cannabis Group Inc is a licensed producer that produces high quality medical grade cannabis. IsoCanMed Inc, a Licensed Producer in Louiseville, Quebec growing indoor cannabis, production facility employing state of the art vertical, aeroponic production methodologies; Canada House Clinics Inc, with clinics across the country that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from simple and complex medical conditions; and Knalysis Technologies, a provider of fully customizable, cloud-based software that links physician, provider, and patient to data that supports treatment with medical cannabis; Margaree Health Group a medical cannabis clinic.

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