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Jacksam (Jacksam) Effective Interest Rate on Debt % : 12.86% (As of Dec. 2023)


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What is Jacksam 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. Jacksam's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.17 Mil. Jacksam's average total debt for the quarter that ended in Dec. 2023 was $1.31 Mil. Therefore, Jacksam's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.86%.


Jacksam Effective Interest Rate on Debt % Historical Data

The historical data trend for Jacksam'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.

* Premium members only.

Jacksam Effective Interest Rate on Debt % Chart

Jacksam Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.33 153.08 67.97 30.61 19.91

Jacksam Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.78 14.96 39.12 12.12 12.86

Competitive Comparison of Jacksam's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Jacksam'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.


Jacksam's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jacksam's Effective Interest Rate on Debt % distribution charts can be found below:

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



Jacksam Effective Interest Rate on Debt % Calculation

Jacksam's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.255/( (1.263+1.299)/ 2 )
=-1  *  -0.255/1.281
=19.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.626 + 0.637
=1.263

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.145 + 1.154
=1.299

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.168/( (1.314+1.299)/ 2 )
=-1  *  -0.168/1.3065
=12.86 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.156 + 1.158
=1.314

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.145 + 1.154
=1.299

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


Jacksam  (OTCPK:JKSM) Effective Interest Rate on Debt % Explanation

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


Jacksam Effective Interest Rate on Debt % Related Terms

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Jacksam (Jacksam) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3100 Airway Avenue, Suite 138, Costa Mesa, CA, USA, 92626
Jacksam Corp is a technology company focused on developing and commercializing products utilizing a proprietary technology platform. The company services the medical cannabis, hemp and CBD segments of the larger e-cigarette and vaporizer markets with oil vaporizer focused products. It offers capping, vaporizer cartridge filling, and automation systems. The company's product line consists of the 710 Shark cartridge filling machine, the 710 Captain cartridge capping machine, the PreRoll-ER automated pre-roll & cone filling machine, and cartridges. The Company derives revenues from the sale of machines and non-machine products.
Executives
Daniel Lee Davis 10 percent owner 31 ARBOR WALK LN, RANCHO SANTA MARGARITA CA 92688
Theodore Winston director 394 HAMMOND STREET, CHESTNUT HILL MA 02467
Hagen Donald Robert Jr director 15 CORN FLOWER ST, COTO DE CAZA CA 92679
Scott Wessler director 5 BOARDWALK, NEWPORT BEACH CA 92660
Michael Sakala officer: CFO & Secretary 21662 OCEAN VISTA DR, APT C, LAGUNA BEACH CA 92651
Mark Adams director, officer: CEO 4440 VON KARMAN AVENUE, SUITE 220, NEWPORT BEACH CA 92660
Yanhong Deng director ROOM 600, N. TUANJIEHU STREET, CHAOYANG DISTRICT, BEIJING F4 100026
Xiangyang Liu director ROOM 600, N. TUANJIEHU STREET, CHAOYANG DISTRICT, BEIJING F4 100026
Beijing Hua Hui Hengye Investement Ltd. 10 percent owner PINE VALLEY CENTER, 11TH FLOOR, 8 JIANGGUO MEN OUTER STREET, BEIJING J0 100022
Redrock Capital Venture Ltd. 10 percent owner ORIENTAL PLAZA BLDG W3 12TH FL, EAST CHANG'AN AVE DONGCHENG DISTRICT, BEIJING F4 100738
Carla Zhou officer: Chief Financial Officer ORIENTAL PLAZA, 1 EAST CHANG'AN AVE,, DONGCHENGDISTRICT, BEIJING F4 100738
Zengjie Chen 10 percent owner NO. 16 ROOM 402, E MEI ROAD 366, HONGKOU DISTRICT, SHANGHAI F4 00000
Union Max Enterprises Ltd 10 percent owner 16F A BUSINESS OFFICE E. AREA OF CENTURY, GOLDEN RESOURCES HOTEL NO. 69 BANJING RD, HAIDIAN DISTRICT, BE F4 100097
Her Village Ltd 10 percent owner 8/F, CRAWFORD TOWER, 99 JERVOIS STREET SHEUNG WAN, HONG KONG K3 100738
Professional Offshore Opportunity Fund, Ltd. 10 percent owner 1400 OLD COUNTRY ROAD, SUITE 206, WESTBURY NY 11590

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