Global Hemp Group (STU:GHG0) Effective Interest Rate on Debt % : 88.71% (As of Dec. 2023)

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What is Global Hemp 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. Global Hemp Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.44 Mil. Global Hemp Group's average total debt for the quarter that ended in Dec. 2023 was €0.49 Mil. Therefore, Global Hemp Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 88.71%.

Global Hemp Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Global Hemp 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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Global Hemp Group Effective Interest Rate on Debt % Chart

Global Hemp Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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14.29

1.09

13.15

62.61

100.54

Global Hemp Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															136.55	117.57	89.09	79.44	88.71

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

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

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

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

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

Global Hemp Group Effective Interest Rate on Debt % Calculation

Global Hemp Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.37	/	( (0.253	+	0.483)	/ 2 )
=	-1 * -0.37	/	0.368
=	100.54 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.253	+	0
=	0.253

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.483	+	0
=	0.483

Global Hemp Group'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.436	/	( (0.483	+	0.5)	/ 2 )
=	-1 * -0.436	/	0.4915
=	88.71 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.483	+	0
=	0.483

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.5	+	0
=	0.5

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

Global Hemp Group (STU:GHG0) Effective Interest Rate on Debt % Explanation

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

Global Hemp Group Effective Interest Rate on Debt % Related Terms

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Global Hemp Group (STU:GHG0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Hemp Group Inc (STU:GHG0) » Definitions » Effective Interest Rate on Debt %

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GBHPF:USA GHG:Canada

Address

1169 Mount Seymour Road, Suite 106, North Vancouver, Vancouver, BC, CAN, V7H 2Y4

Website

https://www.globalhempgroup.com

Global Hemp Group Inc is a Canadian company. It is focused on two key business segments - Industrial Hemp and Biopharma. The industrial Hemp division focuses on the environmental uses of hemp for construction and hemp for sustainable bio-energy sources, both contributing to a carbon-negative footprint, and the Health and Wellness Division is focused on the acquisition of exclusive patents and IP through licensing agreements.

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