Harrys Manufacturing (XCNQ:HARY) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Harrys Manufacturing 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. Harrys Manufacturing's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Harrys Manufacturing's average total debt for the quarter that ended in Jan. 2024 was C$0.00 Mil. Therefore, Harrys Manufacturing's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was N/A%.

Harrys Manufacturing Effective Interest Rate on Debt % Historical Data

The historical data trend for Harrys Manufacturing'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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Harrys Manufacturing Effective Interest Rate on Debt % Chart

Harrys Manufacturing Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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7.69

15.11

30.36

0.96

Harrys Manufacturing Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	120.00	-	-	-

Competitive Comparison of Harrys Manufacturing's Effective Interest Rate on Debt %

For the Tobacco subindustry, Harrys Manufacturing'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.

Harrys Manufacturing's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Harrys Manufacturing's Effective Interest Rate on Debt % distribution charts can be found below:

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

Harrys Manufacturing Effective Interest Rate on Debt % Calculation

Harrys Manufacturing's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.001	/	( (0.104	+	0)	/ 1 )
=	-1 * -0.001	/	0.104
=	0.96 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.104
=	0.104

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Harrys Manufacturing's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Harrys Manufacturing (XCNQ:HARY) Effective Interest Rate on Debt % Explanation

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

Harrys Manufacturing Effective Interest Rate on Debt % Related Terms

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Harrys Manufacturing (XCNQ:HARY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Harrys Manufacturing Inc (XCNQ:HARY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

WSRRF:USA

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

http://www.harrysmfg.com

Harrys Manufacturing Inc is engaged in the sale and distribution of tobacco products. It is a wholesale distributor of high quality 100% natural tobacco cigarettes. It utilizes various types of tobacco blends to satisfy customer demands and preferences for products that meet Health Canada standards.

Executives

Pavenham Developments Inc

10% Security Holder

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