Big Rock Brewery (TSX:BR) Effective Interest Rate on Debt % : 14.96% (As of Mar. 2024)

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What is Big Rock Brewery 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. Big Rock Brewery's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$3.10 Mil. Big Rock Brewery's average total debt for the quarter that ended in Mar. 2024 was C$20.70 Mil. Therefore, Big Rock Brewery's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 14.96%.

Big Rock Brewery Effective Interest Rate on Debt % Historical Data

The historical data trend for Big Rock Brewery'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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Big Rock Brewery Effective Interest Rate on Debt % Chart

Big Rock Brewery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.02

6.01

3.40

5.94

11.36

Big Rock Brewery Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.16	11.38	11.57	11.45	14.96

Competitive Comparison of Big Rock Brewery's Effective Interest Rate on Debt %

For the Beverages - Brewers subindustry, Big Rock Brewery'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.

Big Rock Brewery's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Big Rock Brewery's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Big Rock Brewery's Effective Interest Rate on Debt % falls into.

Big Rock Brewery Effective Interest Rate on Debt % Calculation

Big Rock Brewery'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 * -2.108	/	( (17.517	+	19.595)	/ 2 )
=	-1 * -2.108	/	18.556
=	11.36 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.144	+	6.373
=	17.517

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.087	+	5.508
=	19.595

Big Rock Brewery's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -3.096	/	( (19.595	+	21.797)	/ 2 )
=	-1 * -3.096	/	20.696
=	14.96 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.087	+	5.508
=	19.595

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.406	+	8.391
=	21.797

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

Big Rock Brewery (TSX:BR) Effective Interest Rate on Debt % Explanation

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

Big Rock Brewery Effective Interest Rate on Debt % Related Terms

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Big Rock Brewery (TSX:BR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Big Rock Brewery Inc (TSX:BR) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

BRBMF:USA

Address

5555 - 76th Avenue SE, Calgary, AB, CAN, T2C 4L8

Website

https://www.bigrockbeer.com

Big Rock Brewery Inc is a producer of premium, all-natural craft beers, and cider. It operates in two segments: the wholesale segment which manufactures and distributes beer and cider to and through, provincial liquor boards which are subsequently sold on to end consumers; and the retail segment, which sells beverages, food, and merchandise to end consumers on premises owned and/or operated by the company. Its operating segment includes Wholesale and Retail. The product line of the company consists of signature series beer, barrel aged beer, pull tab series beer, seasonal beer, and cider beer among others.

Executives

Patrick Donnell Noone

Director