Kits Eyecare (TSX:KITS) Effective Interest Rate on Debt % : 6.18% (As of Mar. 2025)

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What is Kits Eyecare 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. Kits Eyecare's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was C$0.7 Mil. Kits Eyecare's average total debt for the quarter that ended in Mar. 2025 was C$11.1 Mil. Therefore, Kits Eyecare's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 6.18%.

Kits Eyecare Effective Interest Rate on Debt % Historical Data

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

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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14.18

6.58

7.70

8.96

8.57

Kits Eyecare Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.48	4.10	2.50	20.29	6.18

Competitive Comparison of Kits Eyecare's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Kits Eyecare'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.

Kits Eyecare's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kits Eyecare's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Kits Eyecare Effective Interest Rate on Debt % Calculation

Kits Eyecare's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -1.199	/	( (15.394	+	12.6)	/ 2 )
=	-1 * -1.199	/	13.997
=	8.57 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.671	+	3.723
=	15.394

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.381	+	6.219
=	12.6

Kits Eyecare's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -0.684	/	( (12.6	+	9.528)	/ 2 )
=	-1 * -0.684	/	11.064
=	6.18 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.381	+	6.219
=	12.6

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.462	+	4.066
=	9.528

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Kits Eyecare (TSX:KITS) Effective Interest Rate on Debt % Explanation

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

Kits Eyecare Effective Interest Rate on Debt % Related Terms

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Kits Eyecare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kits Eyecare Ltd (TSX:KITS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

KTYCF:USA 0P3:Germany

Address

510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5

Website

https://www.kits.com

Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban and Tom Ford. Its geographic locations are the United States and Canada which generates the majority of its revenue from the United States.

Executives

Roger Hardy	10% Security Holder, Director, Senior Officer
Andrew Michael Reid	Director
Nicholas Bozikis	Director
Robert Long	Senior Officer
Tai Charles Silvey	Senior Officer

Kits Eyecare Headlines

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