Integrated Cannabis Solutions (Integrated Cannabis Solutions) Effective Interest Rate on Debt % : 10.03% (As of Sep. 2022)

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What is Integrated Cannabis Solutions 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. Integrated Cannabis Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.06 Mil. Integrated Cannabis Solutions's average total debt for the quarter that ended in Sep. 2022 was $0.64 Mil. Therefore, Integrated Cannabis Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 10.03%.

Integrated Cannabis Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Integrated Cannabis Solutions'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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Integrated Cannabis Solutions Effective Interest Rate on Debt % Chart

Integrated Cannabis Solutions Annual Data

Trend

Dec20

Dec21

Effective Interest Rate on Debt %

7.54

10.47

Integrated Cannabis Solutions Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					10.18	10.32	9.89	9.98	10.03

Competitive Comparison of Integrated Cannabis Solutions's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Integrated Cannabis Solutions'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.

Integrated Cannabis Solutions's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Integrated Cannabis Solutions's Effective Interest Rate on Debt % falls into.

Integrated Cannabis Solutions Effective Interest Rate on Debt % Calculation

Integrated Cannabis Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.047	/	( (0.345	+	0.553)	/ 2 )
=	-1 * -0.047	/	0.449
=	10.47 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.345
=	0.345

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.553
=	0.553

Integrated Cannabis Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -0.064	/	( (0.623	+	0.653)	/ 2 )
=	-1 * -0.064	/	0.638
=	10.03 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.623
=	0.623

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.653
=	0.653

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Integrated Cannabis Solutions (OTCPK:IGPK) Effective Interest Rate on Debt % Explanation

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

Integrated Cannabis Solutions Effective Interest Rate on Debt % Related Terms

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Integrated Cannabis Solutions (Integrated Cannabis Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Integrated Cannabis Solutions Inc (OTCPK:IGPK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1300 N. Florida Mango Road, Site 30, West Palm Beach, FL, USA, 33409

Website

https://www.igpk.org

Integrated Cannabis Solutions Inc is a developmental stage company actively engaged in evaluating investment opportunities for early-stage ventures at the crossroads of the rapidly growing fintech and medical/recreational marijuana industries.

Executives

Eugene Caiazzo

director, officer: CEO, President

1300 N FLORIDA MANGO RD., STE. 30, WEST PALM BEACH FL 33409