Global Health Clinics (XCNQ:MJRX) Effective Interest Rate on Debt % : 10.59% (As of Jan. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Global Health Clinics 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. Global Health Clinics's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.12 Mil. Global Health Clinics's average total debt for the quarter that ended in Jan. 2024 was C$1.17 Mil. Therefore, Global Health Clinics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 10.59%.

Global Health Clinics Effective Interest Rate on Debt % Historical Data

The historical data trend for Global Health Clinics'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.

* Premium members only.

Global Health Clinics Effective Interest Rate on Debt % Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

21.62

15.84

27.59

9.60

8.14

Global Health Clinics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.19	10.05	8.88	10.75	10.59

Competitive Comparison of Global Health Clinics's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Global Health Clinics'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.

Global Health Clinics's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Global Health Clinics's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Global Health Clinics's Effective Interest Rate on Debt % falls into.

Global Health Clinics Effective Interest Rate on Debt % Calculation

Global Health Clinics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.058	/	( (0.323	+	1.102)	/ 2 )
=	-1 * -0.058	/	0.7125
=	8.14 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.035	+	0.288
=	0.323

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.31	+	0.792
=	1.102

Global Health Clinics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.124	/	( (1.131	+	1.21)	/ 2 )
=	-1 * -0.124	/	1.1705
=	10.59 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.318	+	0.813
=	1.131

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.327	+	0.883
=	1.21

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

Global Health Clinics (XCNQ:MJRX) Effective Interest Rate on Debt % Explanation

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

Global Health Clinics Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Global Health Clinics's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

Global Health Clinics (XCNQ:MJRX) Headlines

No Headlines