Tilray Brands (FRA:2HQ) Effective Interest Rate on Debt % : 6.75% (As of Feb. 2024)

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What is Tilray Brands 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. Tilray Brands's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was €31.6 Mil. Tilray Brands's average total debt for the quarter that ended in Feb. 2024 was €467.8 Mil. Therefore, Tilray Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 6.75%.

Tilray Brands Effective Interest Rate on Debt % Historical Data

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

Tilray Brands Annual Data

Trend

Aug14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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3.06

7.84

4.85

5.51

7.57

Tilray Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.67	25.30	6.81	6.34	6.75

Competitive Comparison of Tilray Brands's Effective Interest Rate on Debt %

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

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

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

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

Tilray Brands Effective Interest Rate on Debt % Calculation

Tilray Brands's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -42.883	/	( (590.121	+	542.92)	/ 2 )
=	-1 * -42.883	/	566.5205
=	7.57 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	502.475	+	87.646
=	590.121

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	336.599	+	206.321
=	542.92

Tilray Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -31.58	/	( (489.147	+	446.46)	/ 2 )
=	-1 * -31.58	/	467.8035
=	6.75 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	335.194	+	153.953
=	489.147

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	338.784	+	107.676
=	446.46

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

Tilray Brands (FRA:2HQ) Effective Interest Rate on Debt % Explanation

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

Tilray Brands Effective Interest Rate on Debt % Related Terms

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Tilray Brands (FRA:2HQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tilray Brands Inc (FRA:2HQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TLRY:USA 2HQ:Germany TLRY:Canada TLRY:Austria

Address

265 Talbot Street West, Leamington, ON, CAN, N8H 5L4

Website

https://www.tilray.com

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products and alcohol.

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