The Healing Co (The Healing Co) Effective Interest Rate on Debt % : 17.06% (As of Sep. 2023)

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What is The Healing Co 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. The Healing Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.88 Mil. The Healing Co's average total debt for the quarter that ended in Sep. 2023 was $5.16 Mil. Therefore, The Healing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 17.06%.

The Healing Co Effective Interest Rate on Debt % Historical Data

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

The Healing Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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1.21

25.00

The Healing Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	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															1,514.73	80.89	19.09	-36.52	17.06

Competitive Comparison of The Healing Co's Effective Interest Rate on Debt %

For the Health Information Services subindustry, The Healing Co'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.

The Healing Co's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, The Healing Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

The Healing Co Effective Interest Rate on Debt % Calculation

The Healing Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.669	/	( (0.165	+	5.186)	/ 2 )
=	-1 * -0.669	/	2.6755
=	25.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.165
=	0.165

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.186
=	5.186

The Healing Co'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 * -0.88	/	( (5.186	+	5.132)	/ 2 )
=	-1 * -0.88	/	5.159
=	17.06 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.186
=	5.186

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.132
=	5.132

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.

The Healing Co (OTCPK:HLCO) Effective Interest Rate on Debt % Explanation

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

The Healing Co Effective Interest Rate on Debt % Related Terms

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The Healing Co (The Healing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » The Healing Co Inc (OTCPK:HLCO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 W 50th Street, 2nd Floor, New York, NY, USA, 10020

Website

https://www.healingcompany.com

The Healing Co Inc is a health and wellness company that has identified the need for a change to healthcare, where conventional medicine and alternative healing can both be drawn on to provide a world of integrated healing encompassing conventional medicine and alternative medicine. The company has three operating segments which are E-commerce sales of health and wellness products, Sales of memberships to our wellness app, and Support for our licensed wellness experiences.

Executives

Steven John Barr	director	P.O. BOX 789, MOUNT VERNON OH 43050
Ameeth Sankaran	director	6404 PEMBERTON DRIVE, DALLAS TX 75230
Kay Koplovitz	director	KOPLOVITZ & CO. LLC, 145 CENTRAL PARK WEST, APT 24C, NEW YORK NY 10023
Anabel Oelmann	director	C/O HAUSPLUS, HOHENZOLLERNDAMM 125/126, BERLIN 2M 14199
Simon Belsham	director, officer: CEO, President	1101 GRAND STREET, APT. 302, HOBOKEN NJ 07030
Justin Figgins	officer: CFO	81 ENNERDALE ROAD, RICHMOND SURREY X0 TW9 2DN
Wanja Oberhof	10 percent owner	LINIENSTRASSE 86, BERLIN 2M 10119
Demetri Argyropoulos	10 percent owner	5940 SOUTH RAINBOW BLVD, SUITE 400/PMB 32031, LAS VEGAS NV 89118
Steven Bartlett	director	7 CHAPPEL LOFTS, 10 BELMONT STREET, LONDON X0 NW18HH
Jeffrey Taylor	director, 10 percent owner, officer: President/Secretary/Treasurer	711 S. CARSON STREET, CARSON CITY NV 89701