Forbidden Spirits Distilling (TSXV:VDKA.H) Effective Interest Rate on Debt % : 10.05% (As of Sep. 2022)

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What is Forbidden Spirits Distilling 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. Forbidden Spirits Distilling's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was C$0.14 Mil. Forbidden Spirits Distilling's average total debt for the quarter that ended in Sep. 2022 was C$1.39 Mil. Therefore, Forbidden Spirits Distilling's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 10.05%.

Forbidden Spirits Distilling Effective Interest Rate on Debt % Historical Data

The historical data trend for Forbidden Spirits Distilling'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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Forbidden Spirits Distilling Effective Interest Rate on Debt % Chart

Forbidden Spirits Distilling Annual Data

Trend

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

9.33

14.02

17.19

Forbidden Spirits Distilling Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					9.58	38.51	12.77	17.23	10.05

Competitive Comparison of Forbidden Spirits Distilling's Effective Interest Rate on Debt %

For the Beverages - Wineries & Distilleries subindustry, Forbidden Spirits Distilling'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.

Forbidden Spirits Distilling's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Forbidden Spirits Distilling's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Forbidden Spirits Distilling's Effective Interest Rate on Debt % falls into.

Forbidden Spirits Distilling Effective Interest Rate on Debt % Calculation

Forbidden Spirits Distilling's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.304	/	( (1.948	+	1.589)	/ 2 )
=	-1 * -0.304	/	1.7685
=	17.19 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.174	+	0.774
=	1.948

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.278	+	0.311
=	1.589

Forbidden Spirits Distilling's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -0.14	/	( (1.414	+	1.371)	/ 2 )
=	-1 * -0.14	/	1.3925
=	10.05 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.267	+	0.147
=	1.414

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.231	+	0.14
=	1.371

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 (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Forbidden Spirits Distilling (TSXV:VDKA.H) Effective Interest Rate on Debt % Explanation

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

Forbidden Spirits Distilling Effective Interest Rate on Debt % Related Terms

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Forbidden Spirits Distilling (TSXV:VDKA.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Forbidden Spirits Distilling Corp (TSXV:VDKA.H) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4400 Wallace Hill Road, Kelowna, BC, CAN, V1W1C3

Website

https://www.forbiddenspirits.ca

Forbidden Spirits Distilling Corp is engaged in manufacturing, marketing, and selling spirits direct to consumers from its online store, as well as direct to off-premises retail liquor stores and direct to on-premises restaurants, hotels, pubs, bars, golf courses, and yacht clubs. Its brands include REBEL Vodka, Eve's Original Gin, Adam's Apple Brandy, Forbidden Fire, Forbidden Spirits Vodka, and Wallace Hill Whisky.

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