CHOOF (Choom Holdings) Effective Interest Rate on Debt %: 14.04% (As of Dec. 2021)

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What is Choom Holdings Effective Interest Rate on Debt %?

Choom Holdings CHOOF -90.00% Effective Interest Rate on Debt % is 14.04% as of Dec. 2021.

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. Choom Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was $2.05 Mil. Choom Holdings's average total debt for the quarter that ended in Dec. 2021 was $14.59 Mil. Therefore, Choom Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 14.04%.


Choom Holdings  (OTCPK:CHOOF) Effective Interest Rate on Debt % Explanation

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


Choom Holdings Effective Interest Rate on Debt % Related Terms


Choom Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Choom Holdings'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.

Choom Holdings Effective Interest Rate on Debt % Chart

Choom Holdings Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 12.31 19.19 19.83

Choom Holdings Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 20.32 17.49 19.62 11.32 14.04

CHOOF vs KAYS, PHCG, SGBI: Effective Interest Rate on Debt % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Choom Holdings'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.


Choom Holdings Effective Interest Rate on Debt % vs Drug Manufacturers Industry

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

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



Choom Holdings Effective Interest Rate on Debt % Calculation

Choom Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2020 )+Total Debt  (A: Jun. 2021 ))/ count )
=-1  *  -4.431/( (19.834+24.848)/ 2 )
=-1  *  -4.431/22.341
=19.83 %

where

Total Debt  (A: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.031 + 1.803
=19.834

Total Debt  (A: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.651 + 5.197
=24.848

Choom Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2021 )+Total Debt  (Q: Dec. 2021 ))/ count )
=-1  *  -2.048/( (14.729+14.454)/ 2 )
=-1  *  -2.048/14.5915
=14.04 %

where

Total Debt  (Q: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.406 + 1.323
=14.729

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.963 + 2.491
=14.454

* 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. 2021) 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 14.04% mean?
Choom Holdings (CHOOF) has a Effective Interest Rate on Debt % of 14.04% as of Dec. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Choom Holdings and its competitors.
Is Choom Holdings' Effective Interest Rate on Debt % too high?
Choom Holdings' current Effective Interest Rate on Debt % is 14.04%.
How does Choom Holdings' Effective Interest Rate on Debt % compare to KAYS and PHCG?
Choom Holdings' Effective Interest Rate on Debt % of 14.04% 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 Choom Holdings and its competitors. Choom Holdings's current Effective Interest Rate on Debt % is 14.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choom Holdings stock overvalued right now?
Choom Holdings (CHOOF) has a current Effective Interest Rate on Debt % of 14.04%. The current Effective Interest Rate on Debt % is 14.04%. 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 Choom Holdings (CHOOF), the current Effective Interest Rate on Debt % is 14.04% as of Dec. 2021. 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.

Choom Holdings Business Description

Address 191 W. 2nd Avenue, Vancouver, BC, CAN, V5Y 1B8
Choom Holdings Inc is a retail cannabis company that has established an extensive store network across Canada. Choom is focused on delivering an elevated customer experience through high-quality service. The Choom brand is inspired by Hawaii's Choom Gang.