Little Green Pharma (ASX:LGP) Effective Interest Rate on Debt % : 6.83% (As of Sep. 2023)

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What is Little Green Pharma 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. Little Green Pharma's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was A$0.60 Mil. Little Green Pharma's average total debt for the quarter that ended in Sep. 2023 was A$8.82 Mil. Therefore, Little Green Pharma's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.83%.

Little Green Pharma Effective Interest Rate on Debt % Historical Data

The historical data trend for Little Green Pharma'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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Little Green Pharma Effective Interest Rate on Debt % Chart

Little Green Pharma Annual Data

Trend

Jun19

Jun20

Jun21

Mar23

Effective Interest Rate on Debt %

19.41

5.92

13.86

Little Green Pharma Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			4.77	7.05	10.93	-	6.83

Competitive Comparison of Little Green Pharma's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Little Green Pharma'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.

Little Green Pharma's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

Little Green Pharma Effective Interest Rate on Debt % Calculation

Little Green Pharma's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.921	/	( (1.421	+	11.868)	/ 2 )
=	-1 * -0.921	/	6.6445
=	13.86 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.216	+	0.205
=	1.421

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.312	+	6.556
=	11.868

Little Green Pharma's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.602	/	( (11.868	+	5.767)	/ 2 )
=	-1 * -0.602	/	8.8175
=	6.83 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.312	+	6.556
=	11.868

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.046	+	2.721
=	5.767

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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Little Green Pharma (ASX:LGP) Effective Interest Rate on Debt % Explanation

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

Little Green Pharma Effective Interest Rate on Debt % Related Terms

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Little Green Pharma (ASX:LGP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Little Green Pharma Ltd (ASX:LGP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Kings Park Road, Level 2, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.littlegreenpharma.com

Little Green Pharma Ltd is engaged in the vertically integrated medicinal cannabis business. The business activities of the company include cultivation, production, research and development, manufacturing, and distribution of medicinal cannabis products. The company's two key types of products available at Little Green Pharma are oils (which are ingested) and flowers (which are usually inhaled through vaporizing). The company offers LGP-branded medicinal cannabis oil products in the Australian and European markets.

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