Americann (Americann) Effective Interest Rate on Debt % : 5.98% (As of Dec. 2023)

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What is Americann 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. Americann's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.56 Mil. Americann's average total debt for the quarter that ended in Dec. 2023 was $9.30 Mil. Therefore, Americann's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.98%.

Americann Effective Interest Rate on Debt % Historical Data

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

Americann Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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14.84

12.39

10.42

7.21

7.64

Americann Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.09	7.99	7.99	6.63	5.98

Competitive Comparison of Americann's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Americann'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.

Americann's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Americann's Effective Interest Rate on Debt % distribution charts can be found below:

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

Americann Effective Interest Rate on Debt % Calculation

Americann's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.71	/	( (9.297	+	9.298)	/ 2 )
=	-1 * -0.71	/	9.2975
=	7.64 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.136	+	0.161
=	9.297

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.204	+	5.094
=	9.298

Americann's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.556	/	( (9.298	+	9.295)	/ 2 )
=	-1 * -0.556	/	9.2965
=	5.98 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.204	+	5.094
=	9.298

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.201	+	5.094
=	9.295

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Americann (OTCPK:ACAN) Effective Interest Rate on Debt % Explanation

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

Americann Effective Interest Rate on Debt % Related Terms

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Americann (Americann) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Americann Inc (OTCPK:ACAN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Blake Street, Unit 502, Denver, CO, USA, 80202

Website

https://www.americann.co

Americann Inc is a specialized cannabis company that is developing product manufacturing and greenhouse cultivation facilities. Its business plan is based on the continued growth of the regulated marijuana market in the United States. Its flagship project is the Massachusetts Cannabis Center (MCC). It generates revenue through lease arrangements that include base rents and revenue participation fees generated from products produced at the MCC.

Executives

Benjamin J Barton	director	1551 LARIMER ST., #2701, DENVER CO 80203
Strategic Capital Partners, Llc	10 percent owner	1550 LARIMER STREET, SUITE 264, DENVER CO 80202
Timothy Ryan Keogh	director, officer: Chief Executive Officer	54 ACUSHNET ROAD, MATTAPOISETT MA 02739