Canyon Creek Food Co (TSXV:CYF) Effective Interest Rate on Debt % : 12.04% (As of Feb. 2024)

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What is Canyon Creek Food 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. Canyon Creek Food Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$2.85 Mil. Canyon Creek Food Co's average total debt for the quarter that ended in Feb. 2024 was C$23.68 Mil. Therefore, Canyon Creek Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 12.04%.

Canyon Creek Food Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Canyon Creek Food 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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Canyon Creek Food Co Effective Interest Rate on Debt % Chart

Canyon Creek Food Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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11.81

12.84

12.61

8.02

8.28

Canyon Creek Food Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.22	8.57	8.52	8.58	12.04

Competitive Comparison of Canyon Creek Food Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Canyon Creek Food 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.

Canyon Creek Food Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Canyon Creek Food Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Canyon Creek Food Co's Effective Interest Rate on Debt % falls into.

Canyon Creek Food Co Effective Interest Rate on Debt % Calculation

Canyon Creek Food Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -1.856	/	( (21.733	+	23.107)	/ 2 )
=	-1 * -1.856	/	22.42
=	8.28 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.667	+	5.066
=	21.733

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.353	+	5.754
=	23.107

Canyon Creek Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -2.852	/	( (23.818	+	23.549)	/ 2 )
=	-1 * -2.852	/	23.6835
=	12.04 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.673	+	5.145
=	23.818

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.863	+	4.686
=	23.549

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

Canyon Creek Food Co (TSXV:CYF) Effective Interest Rate on Debt % Explanation

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

Canyon Creek Food Co Effective Interest Rate on Debt % Related Terms

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Canyon Creek Food Co (TSXV:CYF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Canyon Creek Food Co Ltd (TSXV:CYF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

8704 - 53rd Avenue, Edmonton, AB, CAN, T6E 5G2

Website

http://www.canyoncreekfood.com

Canyon Creek Food Co Ltd is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for the health-conscious consumer. The company's product offerings include fresh sauces, gravies, mash potatoes, stews and chillies, and others. It provides its fresh food product line to both grocery retailers and a broad range of food service establishments, such as restaurants and institutions throughout Canada. Geographically it caters to Canada and USA and earns key revenue from Canada.

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