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Hempacco Co (Hempacco Co) Effective Interest Rate on Debt % : 14.83% (As of Sep. 2023)


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What is Hempacco 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. Hempacco Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.33 Mil. Hempacco Co's average total debt for the quarter that ended in Sep. 2023 was $2.21 Mil. Therefore, Hempacco Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 14.83%.

Hempacco Co Effective Interest Rate on Debt % Historical Data

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

Hempacco Co Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
7.35 9.37 3.14

Hempacco Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 19.22 0.60 - 14.83

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

For the Tobacco subindustry, Hempacco 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.

Hempacco Co's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Hempacco Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Hempacco Co Effective Interest Rate on Debt % Calculation

Hempacco Co'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  *  -0.047/( (2.305+0.687)/ 2 )
=-1  *  -0.047/1.496
=3.14 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.535 + 1.77
=2.305

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.402 + 0.285
=0.687

Hempacco 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  *  -0.328/( (0.701+3.723)/ 2 )
=-1  *  -0.328/2.212
=14.83 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.2 + 0.501
=0.701

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.171 + 3.552
=3.723

* 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.

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.

Hempacco Co  (NAS:HPCO) Effective Interest Rate on Debt % Explanation

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

Hempacco Co Effective Interest Rate on Debt % Related Terms

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Hempacco Co (Hempacco Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Hempacco Co Inc (NAS:HPCO) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
XXII VPRB KAVL CBDW GNLN CHUC PYYX PM MO LSE:BATS NSE:ITC TSE:2914 LSE:IMB XKRX:033780 ISX:HMSP HKSE:06969 ISX:GGRM DHA:BATBC CAI:EAST XPRA:TABAK
Traded in Other Exchanges
N/A
Address
9925 Airway Road, San Diego, CA, USA, 92154
Website
https://hempaccoinc.com
Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.
Executives
Stuart W Titus director 2015 S. TUTTLE AVE A, SARASOTA FL 34239
Sandro Piancone director, 10 percent owner, officer: CEO & President 826 SCENIC TERRANCE PLACE, CHULA VISTA CA 92154
Neville Pearson officer: Chief Financial Officer 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Miki Stephens director 9925 AIRWAY ROAD, SAN DIEGO CA 92154
Jerry Halamuda director 9925 AIRWAY ROAD, SAN DIEGO CA 92154