GreenSpace Brands (TSXV:JTR.H) Effective Interest Rate on Debt % : 17.05% (As of Dec. 2022)

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What is GreenSpace Brands 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. GreenSpace Brands's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was C$3.61 Mil. GreenSpace Brands's average total debt for the quarter that ended in Dec. 2022 was C$21.17 Mil. Therefore, GreenSpace Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 17.05%.

GreenSpace Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for GreenSpace Brands'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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GreenSpace Brands Effective Interest Rate on Debt % Chart

GreenSpace Brands Annual Data

Trend

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

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5.41

8.92

15.48

21.05

23.30

GreenSpace Brands Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.41	40.86	22.56	26.50	17.05

Competitive Comparison of GreenSpace Brands's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, GreenSpace Brands'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.

GreenSpace Brands's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, GreenSpace Brands's Effective Interest Rate on Debt % distribution charts can be found below:

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

GreenSpace Brands Effective Interest Rate on Debt % Calculation

GreenSpace Brands's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -4.191	/	( (17.926	+	18.043)	/ 2 )
=	-1 * -4.191	/	17.9845
=	23.30 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.017	+	15.909
=	17.926

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.179	+	16.864
=	18.043

GreenSpace Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * -3.608	/	( (20.817	+	21.516)	/ 2 )
=	-1 * -3.608	/	21.1665
=	17.05 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	20.816
=	20.817

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	21.516
=	21.516

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

GreenSpace Brands (TSXV:JTR.H) Effective Interest Rate on Debt % Explanation

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

GreenSpace Brands Effective Interest Rate on Debt % Related Terms

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GreenSpace Brands (TSXV:JTR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GreenSpace Brands Inc (TSXV:JTR.H) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2087 Dundas Street East, Suite 106, Mississauga, ON, CAN, L4X 2V7

Website

https://www.greenspacebrands.ca

GreenSpace Brands Inc is an organic and natural food company. It is engaged in the creation of natural food products and sale of brands in Canadian natural food industry. The company's brands include Life Choices, Rolling Meadow Dairy, Holistic Choice Pet Food, Nudge, Love Child organics, Central Roast, and Kiju organic. Life Choices Natural Foods offers meat products made with grass-fed and pasture-raised without the use of added hormones and antibiotics. Rolling Meadow Dairy provides products made with grass-fed milk. Holistic Choice Pet Food offers natural pet food. The Nudge brand is a line of family foods. Love Child Organics provides healthy, organic baby and children's food products.

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