Cann Group (STU:CVJ) Effective Interest Rate on Debt % : 13.39% (As of Jun. 2024)

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What is Cann Group 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. Cann Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €5.63 Mil. Cann Group's average total debt for the quarter that ended in Jun. 2024 was €42.02 Mil. Therefore, Cann Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 13.39%.

Cann Group Effective Interest Rate on Debt % Historical Data

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

Cann Group Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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9.33

85.73

7.64

5.66

10.20

Cann Group Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										5.80	5.09	5.93	7.19	13.39

Competitive Comparison of Cann Group's Effective Interest Rate on Debt %

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

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

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

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

Cann Group Effective Interest Rate on Debt % Calculation

Cann Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -4.206	/	( (37.766	+	44.702)	/ 2 )
=	-1 * -4.206	/	41.234
=	10.20 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.294	+	9.472
=	37.766

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.26	+	44.442
=	44.702

Cann Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -5.628	/	( (39.331	+	44.702)	/ 2 )
=	-1 * -5.628	/	42.0165
=	13.39 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	39.331
=	39.331

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.26	+	44.442
=	44.702

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

Cann Group (STU:CVJ) Effective Interest Rate on Debt % Explanation

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

Cann Group Effective Interest Rate on Debt % Related Terms

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Cann Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cann Group Ltd (STU:CVJ) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CNGGF:USA CAN:Australia

Address

262-276 Lorimer Street, Ground Floor, Port Melbourne, VIC, AUS, 3207

Website

https://www.canngrouplimited.com

Cann Group Ltd is engaged in the cultivation of medicinal cannabis for both medicinal and research purposes under the licenses and permits issued to the company, the development and manufacture (via third-party arrangements) of finished product formulations. Geographically, the company operates in Europe and Australia. The company derives maximum revenue from Australia.

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