Lifeist Wellness (Lifeist Wellness) Effective Interest Rate on Debt % : 7.58% (As of Feb. 2024)

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What is Lifeist Wellness 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. Lifeist Wellness's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.07 Mil. Lifeist Wellness's average total debt for the quarter that ended in Feb. 2024 was $0.90 Mil. Therefore, Lifeist Wellness's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 7.58%.

Lifeist Wellness Effective Interest Rate on Debt % Historical Data

The historical data trend for Lifeist Wellness'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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Lifeist Wellness Effective Interest Rate on Debt % Chart

Lifeist Wellness Annual Data

Trend

Mar14

Mar15

Aug16

Aug17

Aug18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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14.90

0.29

4.79

Lifeist Wellness Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															57.25	7.21	7.70	6.61	7.58

Competitive Comparison of Lifeist Wellness's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Lifeist Wellness'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.

Lifeist Wellness's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

Lifeist Wellness Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.028	/	( (0.245	+	0.924)	/ 2 )
=	-1 * -0.028	/	0.5845
=	4.79 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.137	+	0.108
=	0.245

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.634	+	0.29
=	0.924

Lifeist Wellness's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.068	/	( (0.924	+	0.871)	/ 2 )
=	-1 * -0.068	/	0.8975
=	7.58 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.634	+	0.29
=	0.924

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.608	+	0.263
=	0.871

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lifeist Wellness (OTCPK:LFSWD) Effective Interest Rate on Debt % Explanation

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

Lifeist Wellness Effective Interest Rate on Debt % Related Terms

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Lifeist Wellness (Lifeist Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lifeist Wellness Inc (OTCPK:LFSWD) » Definitions » Effective Interest Rate on Debt %

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M5B:Germany LFST:Canada

Address

18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8

Website

https://www.lifeist.com

Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.