CubicFarm Systems (TSXV:CUB) Effective Interest Rate on Debt % : 17.52% (As of Sep. 2023)

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What is CubicFarm Systems 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. CubicFarm Systems's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$2.64 Mil. CubicFarm Systems's average total debt for the quarter that ended in Sep. 2023 was C$15.05 Mil. Therefore, CubicFarm Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 17.52%.

CubicFarm Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for CubicFarm Systems'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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CubicFarm Systems Effective Interest Rate on Debt % Chart

CubicFarm Systems Annual Data

Trend

Jun18

Jun19

Jun20

Dec21

Dec22

Effective Interest Rate on Debt %

1.57

15.89

14.97

CubicFarm Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.88	18.35	25.08	17.54	17.52

Competitive Comparison of CubicFarm Systems's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, CubicFarm Systems'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.

CubicFarm Systems's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CubicFarm Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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

CubicFarm Systems Effective Interest Rate on Debt % Calculation

CubicFarm Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.363	/	( (4.539	+	13.666)	/ 2 )
=	-1 * -1.363	/	9.1025
=	14.97 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.673	+	0.866
=	4.539

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.876	+	2.79
=	13.666

CubicFarm Systems'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 * -2.636	/	( (13.787	+	16.312)	/ 2 )
=	-1 * -2.636	/	15.0495
=	17.52 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.358	+	2.429
=	13.787

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.691	+	2.621
=	16.312

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.

CubicFarm Systems (TSXV:CUB) Effective Interest Rate on Debt % Explanation

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

CubicFarm Systems Effective Interest Rate on Debt % Related Terms

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CubicFarm Systems (TSXV:CUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CubicFarm Systems Corp (TSXV:CUB) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CUBXD:USA

Address

7170 Glover Road, Langley, BC, CAN, V2Y 2R1

Website

https://www.cubicfarms.com

CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solution automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition and allows for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.

Executives

Ospraie Ag Science Llc

10% Security Holder