BMMJ (Body and Mind) Effective Interest Rate on Debt %: 4.99% (As of Apr. 2024)

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BMMJ Body and Mind Inc BMMJ
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What is Body and Mind Effective Interest Rate on Debt %?

Body and Mind BMMJ 14 Effective Interest Rate on Debt % is 4.99% as of Apr. 2024. GuruFocus rates BMMJ with a GF Score™ of 14/100.

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. Body and Mind's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was $0.62 Mil. Body and Mind's average total debt for the quarter that ended in Apr. 2024 was $12.34 Mil. Therefore, Body and Mind's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 4.99%.


Body and Mind  (OTCPK:BMMJ) Effective Interest Rate on Debt % Explanation

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


Body and Mind Effective Interest Rate on Debt % Related Terms


Body and Mind Effective Interest Rate on Debt % Historical Data

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The historical data trend for Body and Mind'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.

Body and Mind Effective Interest Rate on Debt % Chart

Body and Mind Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.15 5.05 1.01 13.32 10.55

Body and Mind Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 Premium Member Only 9.92 8.59 44.19 6.47 4.99

BMMJ vs AKAN, OWPC, PTPI: Effective Interest Rate on Debt % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Body and Mind'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.


Body and Mind Effective Interest Rate on Debt % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Body and Mind's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Body and Mind's Effective Interest Rate on Debt % falls into.


BMMJ
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Body and Mind Inc BMMJ
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Body and Mind Effective Interest Rate on Debt % Calculation

Body and Mind'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  *  -1.719/( (12.679+19.895)/ 2 )
=-1  *  -1.719/16.287
=10.55 %

where

Total Debt  (A: Jul. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.21 + 0.469
=12.679

Total Debt  (A: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.119 + 1.776
=19.895

Body and Mind's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2024 )+Total Debt  (Q: Apr. 2024 ))/ count )
=-1  *  -0.616/( (12.423+12.26)/ 2 )
=-1  *  -0.616/12.3415
=4.99 %

where

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.055 + 1.368
=12.423

Total Debt  (Q: Apr. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.838 + 1.422
=12.26

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

What does a Effective Interest Rate on Debt % of 4.99% mean?
Body and Mind (BMMJ) has a Effective Interest Rate on Debt % of 4.99% as of Apr. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Body and Mind and its competitors.
Is Body and Mind's Effective Interest Rate on Debt % too high?
Body and Mind's current Effective Interest Rate on Debt % is 4.99%. Overall, Body and Mind has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Body and Mind's Effective Interest Rate on Debt % compare to AKAN and OWPC?
Body and Mind's Effective Interest Rate on Debt % of 4.99% can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Drug Manufacturers company?
A good Effective Interest Rate on Debt % depends on the Drug Manufacturers industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Body and Mind and its competitors. Body and Mind's current Effective Interest Rate on Debt % is 4.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Body and Mind stock overvalued right now?
Body and Mind (BMMJ) has a current Effective Interest Rate on Debt % of 4.99%. The current Effective Interest Rate on Debt % is 4.99%. Body and Mind's overall GF Score™ is 14/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Body and Mind (BMMJ), the current Effective Interest Rate on Debt % is 4.99% as of Apr. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Body and Mind Business Description

Address 750-1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6
Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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