Orchid Ventures (Orchid Ventures) Effective Interest Rate on Debt % : 16.71% (As of Mar. 2022)

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What is Orchid Ventures 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. Orchid Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $0.04 Mil. Orchid Ventures's average total debt for the quarter that ended in Mar. 2022 was $0.22 Mil. Therefore, Orchid Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 16.71%.

Orchid Ventures Effective Interest Rate on Debt % Historical Data

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

Orchid Ventures Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

May19

Jun21

Effective Interest Rate on Debt %

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17.28

56.28

Orchid Ventures Quarterly Data
	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	May19	Aug19	Nov19	Feb20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															50.23	77.55	16.18	15.78	16.71

Competitive Comparison of Orchid Ventures's Effective Interest Rate on Debt %

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

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

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

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

Orchid Ventures Effective Interest Rate on Debt % Calculation

Orchid Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2019 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -0.168	/	( (0.324	+	0.273)	/ 2 )
=	-1 * -0.168	/	0.2985
=	56.28 %

where

	Total Debt (A: May. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.324
=	0.324

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.154	+	0.119
=	0.273

Orchid Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -0.036	/	( (0.236	+	0.195)	/ 2 )
=	-1 * -0.036	/	0.2155
=	16.71 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.105	+	0.131
=	0.236

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.071	+	0.124
=	0.195

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Orchid Ventures (OTCPK:ORVRF) Effective Interest Rate on Debt % Explanation

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

Orchid Ventures Effective Interest Rate on Debt % Related Terms

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Orchid Ventures (Orchid Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Orchid Ventures Inc (OTCPK:ORVRF) » Definitions » Effective Interest Rate on Debt %

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Address

27762 Antonio Parkway Ste L-1-631, Ladera Ranch, CA, USA, 92694

Website

http://www.orchidessentials.com

Orchid Ventures Inc is engaged in product development, branding, manufacturing, and distribution of vape products containing cannabis. It is a cannabis brand with THC and CBD product lines. Some of its vape products include Orchid Gold, Orchid Classics, Orchid Vibes, Orchid Roots and The Beast Orchid's Battery. It operates in a single geographical segment, which is North America.