Taiga Motors (TSX:TAIG) Effective Interest Rate on Debt % : 13.95% (As of Dec. 2023)

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What is Taiga Motors 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. Taiga Motors's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$8.37 Mil. Taiga Motors's average total debt for the quarter that ended in Dec. 2023 was C$60.00 Mil. Therefore, Taiga Motors's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.95%.

Taiga Motors Effective Interest Rate on Debt % Historical Data

The historical data trend for Taiga Motors'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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Taiga Motors Effective Interest Rate on Debt % Chart

Taiga Motors Annual Data

Trend

May17

May18

May19

May20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.31

0.64

1.14

5.93

14.32

Taiga Motors Quarterly Data
	May18	May19	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													17.05	4.94	13.84	13.37	13.95

Competitive Comparison of Taiga Motors's Effective Interest Rate on Debt %

For the Recreational Vehicles subindustry, Taiga Motors'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.

Taiga Motors's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Taiga Motors's Effective Interest Rate on Debt % distribution charts can be found below:

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

Taiga Motors Effective Interest Rate on Debt % Calculation

Taiga Motors's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -5.804	/	( (12.874	+	68.165)	/ 2 )
=	-1 * -5.804	/	40.5195
=	14.32 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.943	+	0.931
=	12.874

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.616	+	1.549
=	68.165

Taiga Motors'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 * -8.372	/	( (51.834	+	68.165)	/ 2 )
=	-1 * -8.372	/	59.9995
=	13.95 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.896	+	0.938
=	51.834

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.616	+	1.549
=	68.165

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.

Taiga Motors (TSX:TAIG) Effective Interest Rate on Debt % Explanation

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

Taiga Motors Effective Interest Rate on Debt % Related Terms

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Taiga Motors (TSX:TAIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Taiga Motors Corp (TSX:TAIG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

TAIMF:USA

Address

2695 Dollard Avenue, LaSalle, Montreal, QC, CAN, H8N 2J8

Website

https://www.taigamotors.com

Taiga Motors Corp is a Canadian company focused on the production and delivery of all-electric vehicles. its activities of research and development, design, and marketing. Its product lineup includes electric snowmobiles and personal watercraft. Its geographic regions are Canada and the United states of America, and the majority of its revenue comes from Canada.

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