Colabor Group (Colabor Group) Effective Interest Rate on Debt % : 5.78% (As of Mar. 2024)

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What is Colabor Group 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. Colabor Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $7.3 Mil. Colabor Group's average total debt for the quarter that ended in Mar. 2024 was $126.3 Mil. Therefore, Colabor Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.78%.

Colabor Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Colabor 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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Colabor Group Effective Interest Rate on Debt % Chart

Colabor Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.20

7.46

4.98

4.70

4.81

Colabor Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.76	5.98	5.34	7.15	5.78

Competitive Comparison of Colabor Group's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Colabor 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.

Colabor Group's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Colabor Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Colabor Group Effective Interest Rate on Debt % Calculation

Colabor 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 * -4.683	/	( (66.328	+	128.547)	/ 2 )
=	-1 * -4.683	/	97.4375
=	4.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.365	+	11.963
=	66.328

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.45	+	9.097
=	128.547

Colabor Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -7.292	/	( (128.547	+	123.969)	/ 2 )
=	-1 * -7.292	/	126.258
=	5.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.45	+	9.097
=	128.547

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115.168	+	8.801
=	123.969

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

Colabor Group (OTCPK:COLFF) Effective Interest Rate on Debt % Explanation

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

Colabor Group Effective Interest Rate on Debt % Related Terms

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Colabor Group (Colabor Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Colabor Group Inc (OTCPK:COLFF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

GCL:Canada

Address

1620 De Montarville Boulevard, Boucherville, QC, CAN, J4B 8P4

Website

http://www.colabor.com

Colabor Group Inc is a wholesaler and distributor of food and related products in Canada. The company operates in two segments Distribution and the Wholesale segment. Its Distribution segment operations include the distribution of food products and related products in hotels, restaurants, and institutions (HRI) and the retail market. Its products such as meat, fish, and seafood (Specialty Distribution), as well as general food-related products (Broadline Distribution), and the Wholesale segment's operations, include the sale of general food-related products to distributors from its distribution center in Boucherville. The company generates maximum revenue from the Distribution segment.