GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hydrofarm Holdings Group Inc (NAS:HYFM) » Definitions » Effective Interest Rate on Debt %

Hydrofarm Holdings Group (Hydrofarm Holdings Group) Effective Interest Rate on Debt % : 8.67% (As of Dec. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Hydrofarm Holdings 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. Hydrofarm Holdings Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $16.1 Mil. Hydrofarm Holdings Group's average total debt for the quarter that ended in Dec. 2023 was $185.3 Mil. Therefore, Hydrofarm Holdings Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.67%.


Hydrofarm Holdings Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Hydrofarm Holdings 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.

* Premium members only.

Hydrofarm Holdings Group Effective Interest Rate on Debt % Chart

Hydrofarm Holdings Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 11.84 13.80 2.28 6.20 8.35

Hydrofarm Holdings Group Quarterly Data
Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.92 7.81 7.89 8.41 8.67

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

For the Farm & Heavy Construction Machinery subindustry, Hydrofarm Holdings 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.


Hydrofarm Holdings Group's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hydrofarm Holdings Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Hydrofarm Holdings Group Effective Interest Rate on Debt % Calculation

Hydrofarm Holdings 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  *  -15.442/( (186.07+183.931)/ 2 )
=-1  *  -15.442/185.0005
=8.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=174.96 + 11.11
=186.07

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=171.652 + 12.279
=183.931

Hydrofarm Holdings 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  *  -16.076/( (186.742+183.931)/ 2 )
=-1  *  -16.076/185.3365
=8.67 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=175.968 + 10.774
=186.742

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=171.652 + 12.279
=183.931

* 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.

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.


Hydrofarm Holdings Group  (NAS:HYFM) Effective Interest Rate on Debt % Explanation

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


Hydrofarm Holdings Group Effective Interest Rate on Debt % Related Terms

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


Hydrofarm Holdings Group (Hydrofarm Holdings Group) Business Description

Traded in Other Exchanges
Address
1510 Main Street, Shoemakersville, PA, USA, 19526
Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include lighting solutions, growing media (i.e., premium soils and soil alternatives), nutrients, equipment, and supplies sold under proprietary, exclusive/preferred brands, or non-exclusive/distributed brands. The business is organized into two operating segments, the U.S. and Canada.
Executives
William Douglas Toler director, officer: CEO and Chairman of the Board 1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 64111
Kevin Patrick O'brien officer: Chief Accounting Officer C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127
Terence Fitch officer: President 32 ORLE CIR, LITTLE ROCK AR 72223
Mark S Parker officer: Executive Vice President C/O HYDROFARM HOLDINGS GROUP, INC., 1510 MAIN STREET, SHOEMAKERSVILLE PA 19526
Patrick Chung director 13 CARNATION RD, THORNHILL A6 L3T 7V3
Joseph D Rumley officer: Chief Accounting Officer 1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Renah Persofsky director 55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3
Susan Peters director 40 OLD MILITARY ROAD, HILTON HEAD SC 29928
Richard D Moss director 1715 WEST 38TH STREET, CHATTANOOGA TN 37409
Bruce John Lindeman officer: CFO 1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362
Melisa Denis director 627 WESTHAVEN RD., COPPELL TX 75019
Chris Payne 10 percent owner C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2
John Tomes 10 percent owner C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2
Peter Wardenburg 10 percent owner 3 BEYER CT., NOVATO CA 94945