Elixxer (Elixxer) Effective Interest Rate on Debt % : 30.40% (As of Sep. 2023)

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What is Elixxer 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. Elixxer's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $1.96 Mil. Elixxer's average total debt for the quarter that ended in Sep. 2023 was $6.46 Mil. Therefore, Elixxer's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 30.40%.

Elixxer Effective Interest Rate on Debt % Historical Data

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

Elixxer Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Sep17

Sep18

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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5.28

60.77

26.49

17.57

32.75

Elixxer Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															34.92	30.69	30.72	30.91	30.40

Competitive Comparison of Elixxer's Effective Interest Rate on Debt %

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

Elixxer's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

Elixxer Effective Interest Rate on Debt % Calculation

Elixxer's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.804	/	( (5.113	+	5.905)	/ 2 )
=	-1 * -1.804	/	5.509
=	32.75 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.113
=	5.113

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.659	+	3.246
=	5.905

Elixxer's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.964	/	( (6.274	+	6.647)	/ 2 )
=	-1 * -1.964	/	6.4605
=	30.40 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.835	+	3.439
=	6.274

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	6.617
=	6.647

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Elixxer (OTCPK:ELIXF) Effective Interest Rate on Debt % Explanation

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

Elixxer Effective Interest Rate on Debt % Related Terms

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Elixxer (Elixxer) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Elixxer Ltd (OTCPK:ELIXF) » Definitions » Effective Interest Rate on Debt %

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Address

1100 Boulevard Rene- Levesque Ouest, Suite 700, Montreal, QC, CAN, H5B 4N4

Website

https://www.elixxer.com

Elixxer Ltd is a Canada-based cannabis investment firm in the legal cannabis market. It invests in cannabis-related businesses that are fully licensed for the cultivation, production, and sale of cannabis and cannabis-derived products.