GROV (Grove Collaborative Holdings) Effective Interest Rate on Debt % : 18.41% (As of Dec. 2024)

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What is Grove Collaborative Holdings 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. Grove Collaborative Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $6.4 Mil. Grove Collaborative Holdings's average total debt for the quarter that ended in Dec. 2024 was $34.5 Mil. Therefore, Grove Collaborative Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 18.41%.

Grove Collaborative Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Grove Collaborative 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.

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Grove Collaborative Holdings Effective Interest Rate on Debt % Chart

Grove Collaborative Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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9.63

6.99

11.29

18.84

22.89

Grove Collaborative Holdings Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											18.51	19.27	20.09	18.24	18.41

Competitive Comparison of Grove Collaborative Holdings's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, Grove Collaborative 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.

Grove Collaborative Holdings's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grove Collaborative Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Grove Collaborative Holdings Effective Interest Rate on Debt % Calculation

Grove Collaborative Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -12.777	/	( (89.555	+	22.085)	/ 2 )
=	-1 * -12.777	/	55.82
=	22.89 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.066	+	3.489
=	89.555

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.449	+	1.636
=	22.085

Grove Collaborative Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -6.356	/	( (46.959	+	22.085)	/ 2 )
=	-1 * -6.356	/	34.522
=	18.41 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.754	+	11.205
=	46.959

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.449	+	1.636
=	22.085

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

Grove Collaborative Holdings (NYSE:GROV) Effective Interest Rate on Debt % Explanation

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

Grove Collaborative Holdings Effective Interest Rate on Debt % Related Terms

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Grove Collaborative Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grove Collaborative Holdings Inc (NYSE:GROV) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 Sansome Street, San Francisco, CA, USA, 94111

Website

https://www.grove.co

Grove Collaborative Holdings Inc is engaged in providing consumer products. It offers Cleaning accessories, Home and Pantry, Personal care products, Pets supplements and Other products. It is a sustainability oriented consumer products generator. It use connection with consumers to create and curate authentic, disruptive brands and products. Company builds natural products that perform as well as, many consumer packaged goods (CPG) brands (both conventional and natural), while being healthier for consumers and the planet.

Executives

Christopher Clark	director, officer: Chief Digital Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
John B Replogle	director	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Stuart Landesberg	director, 10 percent owner, officer: President & CEO	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Mayfield Xv, A Cayman Islands Exempted Limited Partnership	10 percent owner	2484 SAND HILL ROAD, MENLO PARK CA 94025
David A. Glazer	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Sergio Cervantes	officer: Chief Financial Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Jennie Perry	officer: Chief Marketing Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Sculptor Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Kevin Michael Cleary	director	C/O GROVE COLLABORATIVE HOLDINGS, INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Oz Enhanced Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39 FL., NEW YORK NY 10019
Sculptor Special Funding, Lp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Corp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Ii Llc	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Jon Erik Kossow	10 percent owner	525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94025
Kristine E Miller	director	C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012