Future Farm Technologies (XCNQ:FFT) Effective Interest Rate on Debt % : 1.86% (As of Nov. 2019)

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What is Future Farm Technologies 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. Future Farm Technologies's annualized positive value of Interest Expense for the quarter that ended in Nov. 2019 was C$0.06 Mil. Future Farm Technologies's average total debt for the quarter that ended in Nov. 2019 was C$3.23 Mil. Therefore, Future Farm Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2019 was 1.86%.

Future Farm Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Future Farm Technologies'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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Future Farm Technologies Effective Interest Rate on Debt % Chart

Future Farm Technologies Annual Data

Trend

Feb10

Feb11

Feb12

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Effective Interest Rate on Debt %

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2.85

11.37

1.95

Future Farm Technologies Quarterly Data
	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.43	0.68	2.09	1.85	1.86

Competitive Comparison of Future Farm Technologies's Effective Interest Rate on Debt %

For the Farm Products subindustry, Future Farm Technologies'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.

Future Farm Technologies's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Future Farm Technologies's Effective Interest Rate on Debt % falls into.

Future Farm Technologies Effective Interest Rate on Debt % Calculation

Future Farm Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2018 )	+	Total Debt (A: Feb. 2019 ))	/ count )
=	-1 * -0.042	/	( (2.184	+	2.119)	/ 2 )
=	-1 * -0.042	/	2.1515
=	1.95 %

where

	Total Debt (A: Feb. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.798	+	1.386
=	2.184

	Total Debt (A: Feb. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.138	+	1.981
=	2.119

Future Farm Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2019 )	+	Total Debt (Q: Nov. 2019 ))	/ count )
=	-1 * -0.06	/	( (3.055	+	3.405)	/ 2 )
=	-1 * -0.06	/	3.23
=	1.86 %

where

	Total Debt (Q: Aug. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.152	+	2.903
=	3.055

	Total Debt (Q: Nov. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.167	+	3.238
=	3.405

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 (Nov. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Future Farm Technologies (XCNQ:FFT) Effective Interest Rate on Debt % Explanation

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

Future Farm Technologies Effective Interest Rate on Debt % Related Terms

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Future Farm Technologies (XCNQ:FFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Future Farm Technologies Inc (XCNQ:FFT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

543 Granville Street, Suite 501, Vancouver, BC, CAN, V6C 1X8

Website

http://www.futurefarmtech.com

Future Farm Technologies Inc is an indoor plant growth technology company. It operates through the following segments: Indoor plant growth technology specializing in LED lighting and vertical farming solutions; and the operation of an ornamental plant greenhouse. The firm generates majority revenue from Nursery plants.

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