Lowell Farms (Lowell Farms) Effective Interest Rate on Debt % : 0.19% (As of Mar. 2024)

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What is Lowell Farms 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. Lowell Farms's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.04 Mil. Lowell Farms's average total debt for the quarter that ended in Mar. 2024 was $19.31 Mil. Therefore, Lowell Farms's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.19%.

Lowell Farms Effective Interest Rate on Debt % Historical Data

The historical data trend for Lowell Farms'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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Lowell Farms Effective Interest Rate on Debt % Chart

Lowell Farms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.20

7.46

7.90

10.26

9.15

Lowell Farms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.46	6.38	7.81	-4.49	0.19

Competitive Comparison of Lowell Farms's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Lowell Farms'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.

Lowell Farms's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

Lowell Farms Effective Interest Rate on Debt % Calculation

Lowell Farms'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 * -3.837	/	( (64.395	+	19.515)	/ 2 )
=	-1 * -3.837	/	41.955
=	9.15 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.056	+	24.339
=	64.395

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.522	+	1.993
=	19.515

Lowell Farms's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.036	/	( (19.515	+	19.095)	/ 2 )
=	-1 * -0.036	/	19.305
=	0.19 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.522	+	1.993
=	19.515

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.161	+	1.934
=	19.095

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

Lowell Farms (OTCPK:LOWLF) Effective Interest Rate on Debt % Explanation

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

Lowell Farms Effective Interest Rate on Debt % Related Terms

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Lowell Farms (Lowell Farms) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lowell Farms Inc (OTCPK:LOWLF) » Definitions » Effective Interest Rate on Debt %

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LOWL:Canada

Address

19 Quail Run Circle, Suite B, Salinas, CA, USA, 93907

Website

https://www.lowellfarms.com

Lowell Farms Inc is a California-based vertically-integrated cannabis company with advanced production capabilities supporting every step of the supply chain, including cultivation, extraction, manufacturing, brand sales, marketing, and distribution. The Company's operations are comprised of a single reporting operating segment. Its Brands include Lowell Herb Co. and Lowell Smokes, House Weed, Kaizen, Moon, and Original Pot Company. The company generates revenues from sales of extracts, distillates, branded and packaged cannabis flower, prerolls, concentrates, and edible products to retail licensed dispensaries and bulk flower, biomass and concentrates to licensed manufacturers and distributors in the state of California.