KushCo Holdings (KushCo Holdings) Effective Interest Rate on Debt % : 26.59% (As of May. 2021)

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What is KushCo 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. KushCo Holdings's annualized positive value of Interest Expense for the quarter that ended in May. 2021 was $4.0 Mil. KushCo Holdings's average total debt for the quarter that ended in May. 2021 was $15.1 Mil. Therefore, KushCo Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2021 was 26.59%.

KushCo Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for KushCo 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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KushCo Holdings Effective Interest Rate on Debt % Chart

KushCo Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Effective Interest Rate on Debt %

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13.29

1.79

30.43

15.61

22.71

KushCo Holdings Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															24.45	24.72	26.15	23.59	26.59

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

For the Packaging & Containers subindustry, KushCo 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.

KushCo Holdings's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, KushCo Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

KushCo Holdings Effective Interest Rate on Debt % Calculation

KushCo Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2019 )	+	Total Debt (A: Aug. 2020 ))	/ count )
=	-1 * -6.076	/	( (31.236	+	22.275)	/ 2 )
=	-1 * -6.076	/	26.7555
=	22.71 %

where

	Total Debt (A: Aug. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.975	+	12.261
=	31.236

	Total Debt (A: Aug. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	22.275
=	22.275

KushCo Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2021 )	+	Total Debt (Q: May. 2021 ))	/ count )
=	-1 * -4.012	/	( (27.804	+	2.373)	/ 2 )
=	-1 * -4.012	/	15.0885
=	26.59 %

where

	Total Debt (Q: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	27.804
=	27.804

	Total Debt (Q: May. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.373
=	2.373

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 (May. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

KushCo Holdings (OTCPK:KSHB) Effective Interest Rate on Debt % Explanation

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

KushCo Holdings Effective Interest Rate on Debt % Related Terms

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KushCo Holdings (KushCo Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » KushCo Holdings Inc (OTCPK:KSHB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6261 Katella Avenue, Suite 250, Cypress, CA, USA, 90630

Website

https://www.kushco.com

KushCo Holdings Inc is engaged in marketing and selling of customized packaging products, vaporizers, hydrocarbon gases, solvents, accessories and branding solutions to customers operating in the regulated medical and recreational cannabis industries. The firm's packaging products consist of bottles, bags, tubes, and containers. Its subsidiaries and brands provide product quality, customer service, compliance knowledge and a local presence in serving its diverse customer base. The firm has sold more than 1 billion units to growers, processors and producers across North America, South America, and Europe.

Executives

Stephen Christoffersen	officer: Chief Financial Officer	6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630
Peter A. Kadens	director	C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630
Nicholas Kovacevich	director, officer: Chairman and CEO	2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660
Oliveira Rodrigo De	officer: Chief Operating Officer	C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841
Donald H Hunter	director	C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109
Barbara Goodstein	director	23 MAIN STREET, HOLMDEL NJ 07733
Dallas Imbimbo	director	1800 NEWPORT CIRCLE, SANTA ANA CA 92705
Eric Baum	director	866 BERKSHIRE DRIVE, WESTBURY NY 11590
Christopher Tedford	officer: Chief Financial Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jason Vegotsky	officer: Chief Revenue Officer	C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841
Jim Mccormick	officer: CFO and COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Ben Wu	other: Consultant, Former COO	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Chris Martin	other: None	1800 NEWPORT CIRCLE SANTA ANA CA 92705
Greg Gamet	other: None	3539 GAYLORD STREET DENVER CO 80205
Jeffrey Meng	10 percent owner	17595 HARVARD STREET C552 IRVINE CA 92614