Affinor Growers (XCNQ:AFI) Effective Interest Rate on Debt % : 1.49% (As of Feb. 2024)

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What is Affinor Growers 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. Affinor Growers's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.01 Mil. Affinor Growers's average total debt for the quarter that ended in Feb. 2024 was C$0.81 Mil. Therefore, Affinor Growers's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 1.49%.

Affinor Growers Effective Interest Rate on Debt % Historical Data

The historical data trend for Affinor Growers'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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Affinor Growers Effective Interest Rate on Debt % Chart

Affinor Growers Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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23.27

19.69

0.86

0.88

Affinor Growers 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															-	2.29	2.01	1.79	1.49

Competitive Comparison of Affinor Growers's Effective Interest Rate on Debt %

For the Farm Products subindustry, Affinor Growers'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.

Affinor Growers's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Affinor Growers Effective Interest Rate on Debt % Calculation

Affinor Growers'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 * -0.007	/	( (0.818	+	0.774)	/ 2 )
=	-1 * -0.007	/	0.796
=	0.88 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.588	+	0.23
=	0.818

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.589	+	0.185
=	0.774

Affinor Growers'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 * -0.012	/	( (0.974	+	0.636)	/ 2 )
=	-1 * -0.012	/	0.805
=	1.49 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.589	+	0.385
=	0.974

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.589	+	0.047
=	0.636

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.

Affinor Growers (XCNQ:AFI) Effective Interest Rate on Debt % Explanation

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

Affinor Growers Effective Interest Rate on Debt % Related Terms

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Affinor Growers (XCNQ:AFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Affinor Growers Inc (XCNQ:AFI) » Definitions » Effective Interest Rate on Debt %

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RSSFF:USA 1AF0:Germany

Address

250-750 West Pender Street, Vancouver, BC, CAN, V6C 2T7

Website

https://www.affinorgrowers.com

Affinor Growers Inc is a farming technology company engaged in acquiring, patenting, and commercializing various agriculture technologies and vertical farming technology for the indoor controlled environment and outdoor greenhouse agriculture industry in North America. It produces strawberries and other crops, such as romaine lettuce and herbs using vertical farming technology. The company principally operates in North America. The Company's revenue model includes entering into licensing agreements that provide licensing revenue as well as earnings on sales of its equipment and sale of produce from its production facilities.

Executives

Karim Mohamedani

10% Security Holder

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