MTL Cannabis (STU:J4E) Effective Interest Rate on Debt % : 20.36% (As of Sep. 2023)

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What is MTL Cannabis 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. MTL Cannabis's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was €4.12 Mil. MTL Cannabis's average total debt for the quarter that ended in Sep. 2023 was €20.23 Mil. Therefore, MTL Cannabis's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 20.36%.

MTL Cannabis Effective Interest Rate on Debt % Historical Data

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

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

10.93

13.53

13.07

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	16.63	20.36	-

Competitive Comparison of MTL Cannabis's Effective Interest Rate on Debt %

For the Tobacco subindustry, MTL Cannabis'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.

MTL Cannabis's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, MTL Cannabis's Effective Interest Rate on Debt % distribution charts can be found below:

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

MTL Cannabis Effective Interest Rate on Debt % Calculation

MTL Cannabis's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -1.308	/	( (6.793	+	13.229)	/ 2 )
=	-1 * -1.308	/	10.011
=	13.07 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.786	+	3.007
=	6.793

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.902	+	5.327
=	13.229

MTL Cannabis'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 * -4.12	/	( (13.092	+	27.376)	/ 2 )
=	-1 * -4.12	/	20.234
=	20.36 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.957	+	5.135
=	13.092

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.003	+	13.373
=	27.376

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.

MTL Cannabis (STU:J4E) Effective Interest Rate on Debt % Explanation

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

MTL Cannabis Effective Interest Rate on Debt % Related Terms

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MTL Cannabis (STU:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (STU:J4E) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

J4E:Germany MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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