TPCO Holding (TPCO Holding) Effective Interest Rate on Debt % : 8.06% (As of Mar. 2023)

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What is TPCO Holding 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. TPCO Holding's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $5.06 Mil. TPCO Holding's average total debt for the quarter that ended in Mar. 2023 was $62.74 Mil. Therefore, TPCO Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 8.06%.

TPCO Holding Effective Interest Rate on Debt % Historical Data

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

TPCO Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

7.68

7.47

TPCO Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									7.34	7.45	7.34	7.72	8.06

Competitive Comparison of TPCO Holding's Effective Interest Rate on Debt %

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

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

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

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

TPCO Holding Effective Interest Rate on Debt % Calculation

TPCO Holding'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 * -4.928	/	( (67.108	+	64.864)	/ 2 )
=	-1 * -4.928	/	65.986
=	7.47 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.917	+	3.191
=	67.108

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.422	+	3.442
=	64.864

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -5.056	/	( (64.864	+	60.613)	/ 2 )
=	-1 * -5.056	/	62.7385
=	8.06 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.422	+	3.442
=	64.864

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.552	+	2.061
=	60.613

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

TPCO Holding (OTCPK:GRMWF) Effective Interest Rate on Debt % Explanation

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

TPCO Holding Effective Interest Rate on Debt % Related Terms

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TPCO Holding (TPCO Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TPCO Holding Corp (OTCPK:GRMWF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1550 Leigh Avenue, San Jose, CA, USA, 95125

Website

https://www.theparent.co

TPCO Holding Corp is a consumer-focused cannabis company based in the United States focused on the recreational and wellness markets. Its operational footprint spans cultivation, extraction, manufacturing, distribution, brands, retail and delivery. The company's sales channels include Direct Consumer and Wholesale, of which key revenue is derived from the Wholesale channel which includes the company selling first-party and selected third-party products into 450 dispensaries across California. Additional wholesale revenue comes from sales of sourced bulk flowers and oil produced in-house. It has one segment engaged in the cultivation, manufacturing, distribution and sale of cannabis within the State of California.