Illumin Holdings (TSX:ILLM) Effective Interest Rate on Debt % : 7.96% (As of Sep. 2023)

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What is Illumin 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. Illumin Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.6 Mil. Illumin Holdings's average total debt for the quarter that ended in Sep. 2023 was C$7.3 Mil. Therefore, Illumin Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.96%.

Illumin Holdings Effective Interest Rate on Debt % Historical Data

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

Illumin Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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10.30

9.24

7.46

7.48

4.97

Illumin 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															10.35	-4.67	6.86	37.64	7.96

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

For the Advertising Agencies subindustry, Illumin 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.

Illumin Holdings's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Illumin Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Illumin Holdings Effective Interest Rate on Debt % Calculation

Illumin 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 * -0.544	/	( (11.006	+	10.872)	/ 2 )
=	-1 * -0.544	/	10.939
=	4.97 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.002	+	5.004
=	11.006

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.959	+	6.913
=	10.872

Illumin 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 * -0.584	/	( (5.34	+	9.327)	/ 2 )
=	-1 * -0.584	/	7.3335
=	7.96 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.602	+	2.738
=	5.34

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.64	+	2.687
=	9.327

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.

Illumin Holdings (TSX:ILLM) Effective Interest Rate on Debt % Explanation

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

Illumin Holdings Effective Interest Rate on Debt % Related Terms

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Illumin Holdings (TSX:ILLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Illumin Holdings Inc (TSX:ILLM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ILLMF:USA K3S0:Germany

Address

70 University Ave, Suite 1200, Toronto, ON, CAN, M5J 2M4

Website

https://www.illumin.com

Illumin Holdings Inc is a journey advertising platform that enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. The company's mission is to illuminate the path for brands to connect with their customers through the power of data-driven advertising. illumin serves clients across North America, Latin America, and Europe.

Executives

Sheldon Pollack

Director

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