Cannasouth (NZSE:CBD) Effective Interest Rate on Debt % : 8.59% (As of Dec. 2023)

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What is Cannasouth 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. Cannasouth's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was NZ$0.35 Mil. Cannasouth's average total debt for the quarter that ended in Dec. 2023 was NZ$4.10 Mil. Therefore, Cannasouth's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.59%.

Cannasouth Effective Interest Rate on Debt % Historical Data

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

Cannasouth Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

15.73

17.58

2.87

6.65

5.10

Cannasouth Semi-Annual Data
	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				4.81	6.25	5.73	2.32	8.59

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

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

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

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

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

Cannasouth Effective Interest Rate on Debt % Calculation

Cannasouth'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 * -0.215	/	( (3.561	+	4.867)	/ 2 )
=	-1 * -0.215	/	4.214
=	5.10 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.442	+	1.119
=	3.561

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.954	+	0.913
=	4.867

Cannasouth'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.352	/	( (3.328	+	4.867)	/ 2 )
=	-1 * -0.352	/	4.0975
=	8.59 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.553	+	0.775
=	3.328

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.954	+	0.913
=	4.867

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

Cannasouth (NZSE:CBD) Effective Interest Rate on Debt % Explanation

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

Cannasouth Effective Interest Rate on Debt % Related Terms

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Cannasouth (NZSE:CBD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannasouth Ltd (NZSE:CBD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Level 2 / 2 Melody Lane, CRV Building, Waikato Innovation Park, Hamilton East, Hamilton, NZL, 3216

Website

https://www.cannasouth.co.nz

Cannasouth Ltd is a New Zealand based company involved in the medicinal cannabis sector. Its focus is to research the benefits of medicinal cannabis and to develop a range of medicinal cannabis-related products for distribution in New Zealand and globally. The company operates in single segment: the biopharmaceutics market i.e., the production and supply (including research and development) of biopharmaceuticals, specializing in cannabinoid medicines; with the area of operation being New Zealand.

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