Numinus Wellness (TSX:NUMI) Effective Interest Rate on Debt % : 9.59% (As of Feb. 2024)

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What is Numinus Wellness 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. Numinus Wellness's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.63 Mil. Numinus Wellness's average total debt for the quarter that ended in Feb. 2024 was C$6.59 Mil. Therefore, Numinus Wellness's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 9.59%.

Numinus Wellness Effective Interest Rate on Debt % Historical Data

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

Numinus Wellness Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

20.73

43.11

11.25

11.80

10.10

Numinus Wellness Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.59	9.60	10.40	9.60	9.59

Competitive Comparison of Numinus Wellness's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Numinus Wellness'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.

Numinus Wellness's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Numinus Wellness's Effective Interest Rate on Debt % distribution charts can be found below:

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

Numinus Wellness Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.76	/	( (7.851	+	7.199)	/ 2 )
=	-1 * -0.76	/	7.525
=	10.10 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.409	+	1.442
=	7.851

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.642	+	1.557
=	7.199

Numinus Wellness's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.632	/	( (6.8	+	6.382)	/ 2 )
=	-1 * -0.632	/	6.591
=	9.59 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.255	+	1.545
=	6.8

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.854	+	1.528
=	6.382

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

Numinus Wellness (TSX:NUMI) Effective Interest Rate on Debt % Explanation

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

Numinus Wellness Effective Interest Rate on Debt % Related Terms

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Numinus Wellness (TSX:NUMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Numinus Wellness Inc (TSX:NUMI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NUMIF:USA LR23:Germany

Address

801 - 33 Water Street, Vancouver, BC, CAN, V6B 1R4

Website

https://www.numinus.ca

Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.

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