CRAFT 1861 Global Holdings (NEOE:HUMN) Effective Interest Rate on Debt % : 308.12% (As of Sep. 2023)

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What is CRAFT 1861 Global 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. CRAFT 1861 Global Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$6.58 Mil. CRAFT 1861 Global Holdings's average total debt for the quarter that ended in Sep. 2023 was C$2.14 Mil. Therefore, CRAFT 1861 Global Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 308.12%.

CRAFT 1861 Global Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for CRAFT 1861 Global 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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CRAFT 1861 Global Holdings Effective Interest Rate on Debt % Chart

CRAFT 1861 Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

33.68

63.59

1.69

98.79

CRAFT 1861 Global Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						274.01	-504.31	114.07	62.46	308.12

Competitive Comparison of CRAFT 1861 Global Holdings's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, CRAFT 1861 Global 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.

CRAFT 1861 Global Holdings's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CRAFT 1861 Global Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CRAFT 1861 Global Holdings's Effective Interest Rate on Debt % falls into.

CRAFT 1861 Global Holdings Effective Interest Rate on Debt % Calculation

CRAFT 1861 Global Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.693	/	( (0.812	+	0.591)	/ 2 )
=	-1 * -0.693	/	0.7015
=	98.79 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.498	+	0.314
=	0.812

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.591
=	0.591

CRAFT 1861 Global Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -6.58	/	( (2.455	+	1.816)	/ 2 )
=	-1 * -6.58	/	2.1355
=	308.12 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.822	+	1.633
=	2.455

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.202	+	1.614
=	1.816

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

CRAFT 1861 Global Holdings (NEOE:HUMN) Effective Interest Rate on Debt % Explanation

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

CRAFT 1861 Global Holdings Effective Interest Rate on Debt % Related Terms

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CRAFT 1861 Global Holdings (NEOE:HUMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CRAFT 1861 Global Holdings Inc (NEOE:HUMN) » Definitions » Effective Interest Rate on Debt %

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BGPPF:USA

Address

100 Sun Avenue NE, Suite 650, Albuquerque, NM, USA, 87109

Website

https://www.craft1861global.com

CRAFT 1861 Global Holdings Inc is a health and wellness company in the cannabinoid space. The company operates within the non-psychoactive, hemp-derived cannabidiol (CBD) market with consumer-packaged goods containing zero THC.

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