Target Group (Target Group) Effective Interest Rate on Debt %

: 103.92% (As of Dec. 2023)

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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. Target Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.40 Mil. Target Group's average total debt for the quarter that ended in Dec. 2023 was $1.35 Mil. Therefore, Target Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 103.92%.

Target Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Target Group'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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Target Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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271.26

59.04

73.29

101.36

Target Group 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															81.09	99.82	104.94	98.04	103.92

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Target Group'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.

Target Group Effective Interest Rate on Debt % Distribution

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

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

Target Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1.411	/	( (1.432	+	1.352)	/ 2 )
=	-1 * -1.411	/	1.392
=	101.36 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.32	+	0.112
=	1.432

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.224	+	0.128
=	1.352

Target Group'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 * -1.404	/	( (1.35	+	1.352)	/ 2 )
=	-1 * -1.404	/	1.351
=	103.92 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.23	+	0.12
=	1.35

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.224	+	0.128
=	1.352

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.

Target Group (OTCPK:CBDY) Effective Interest Rate on Debt % Explanation

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

Target Group Effective Interest Rate on Debt % Related Terms

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Target Group (Target Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Target Group Inc (OTCPK:CBDY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Hempstead Drive, Hamilton, ON, CAN, L8W 2E7

Website

https://www.targetgroupinc.ca

Target Group Inc is engaged in the cultivation, processing, and distribution of curated cannabis products for the adult-use medical and recreational cannabis market in Canada. The company generates revenue from the sale of Wisp vaporizer and pod units.

Executives

Barry Alan Katzman	director	36 ADDISON DRIVE, ST. CATHERINES A6 L2S 4B7
Anthony Carlo Zarcone	director	564 NORTH SHORE BLVD., BURLINGTON A6 L7T 1X2
Frank Michael Monte	director	18 BRAESIDE SQ, MARKHAM A6 L3R 0A5
Saul Niddam	director	42 HEATHVIEW AVE, NORTH YORK A6 M2K 2C1
Azmatali Mehrali	officer: CFO	134 BRIDGEPOINTE COURT, AURORA A6 L4H 3H8
Alexander Starr	director, 10 percent owner, officer: President	1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8
Rubin Schindermann	director, 10 percent owner, officer: CEO	1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8
Weinstein Family (2015) Trust	10 percent owner	52 RIDOUT STREET EAST, TILLSONBURG A6 N4G 2E3
Chess Supersite Inc. (canada)	10 percent owner	1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8
Nava Starr	other: See Remarks	1131A LESLIE STREET, SUITE 101, TORONTO A6 M3C 3L8
James M Cassidy	director, 10 percent owner, officer: president	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	director, 10 percent owner, officer: vice president	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212