The Good Shroom Co (The Good Shroom Co) Effective Interest Rate on Debt % : 8.00% (As of Jan. 2024)

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What is The Good Shroom Co 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. The Good Shroom Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.00 Mil. The Good Shroom Co's average total debt for the quarter that ended in Jan. 2024 was $0.05 Mil. Therefore, The Good Shroom Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 8.00%.

The Good Shroom Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The Good Shroom Co'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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The Good Shroom Co Effective Interest Rate on Debt % Chart

The Good Shroom Co Annual Data

Trend

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

0.97

1.63

0.93

The Good Shroom Co Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-	6.72	7.02	-	8.00

Competitive Comparison of The Good Shroom Co's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, The Good Shroom Co'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.

The Good Shroom Co's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Good Shroom Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Good Shroom Co's Effective Interest Rate on Debt % falls into.

The Good Shroom Co Effective Interest Rate on Debt % Calculation

The Good Shroom Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.001	/	( (0.16	+	0.056)	/ 2 )
=	-1 * -0.001	/	0.108
=	0.93 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.12	+	0.04
=	0.16

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.015	+	0.041
=	0.056

The Good Shroom Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.051	+	0.049)	/ 2 )
=	-1 * -0.004	/	0.05
=	8.00 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.012	+	0.039
=	0.051

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.009	+	0.04
=	0.049

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

The Good Shroom Co (OTCPK:TGSHF) Effective Interest Rate on Debt % Explanation

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

The Good Shroom Co Effective Interest Rate on Debt % Related Terms

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The Good Shroom Co (The Good Shroom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (OTCPK:TGSHF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.thegoodshroom.co

The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

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