Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Effective Interest Rate on Debt % : 6.77% (As of May. 2020)

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What is Ventura Cannabis and 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. Ventura Cannabis and Wellness's annualized positive value of Interest Expense for the quarter that ended in May. 2020 was $0.26 Mil. Ventura Cannabis and Wellness's average total debt for the quarter that ended in May. 2020 was $3.84 Mil. Therefore, Ventura Cannabis and Wellness's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 was 6.77%.

Ventura Cannabis and Wellness Effective Interest Rate on Debt % Historical Data

The historical data trend for Ventura Cannabis and 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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Ventura Cannabis and Wellness Effective Interest Rate on Debt % Chart

Ventura Cannabis and Wellness Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Nov14

Nov15

Feb17

Feb18

Feb19

Feb20

Effective Interest Rate on Debt %

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10.10

15.53

8.63

15.72

Ventura Cannabis and Wellness Quarterly Data
	May15	Aug15	Nov15	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.17	17.37	14.74	-8.61	6.77

Competitive Comparison of Ventura Cannabis and Wellness's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Ventura Cannabis and 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.

Ventura Cannabis and Wellness's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

Ventura Cannabis and Wellness Effective Interest Rate on Debt % Calculation

Ventura Cannabis and Wellness's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2019 )	+	Total Debt (A: Feb. 2020 ))	/ count )
=	-1 * -0.552	/	( (3.03	+	3.994)	/ 2 )
=	-1 * -0.552	/	3.512
=	15.72 %

where

	Total Debt (A: Feb. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.009	+	0.021
=	3.03

	Total Debt (A: Feb. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.216	+	0.778
=	3.994

Ventura Cannabis and Wellness's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2020 )	+	Total Debt (Q: May. 2020 ))	/ count )
=	-1 * -0.26	/	( (3.994	+	3.689)	/ 2 )
=	-1 * -0.26	/	3.8415
=	6.77 %

where

	Total Debt (Q: Feb. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.216	+	0.778
=	3.994

	Total Debt (Q: May. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.95	+	0.739
=	3.689

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 (May. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ventura Cannabis and Wellness (OTCPK:CVHIF) Effective Interest Rate on Debt % Explanation

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

Ventura Cannabis and Wellness Effective Interest Rate on Debt % Related Terms

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Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ventura Cannabis and Wellness Corp (OTCPK:CVHIF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017

Website

http://www.venturacanna.com

Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.