The Western Investment Co of Canada (TSXV:WI) Effective Interest Rate on Debt % : 14.17% (As of Dec. 2024)

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What is The Western Investment Co of Canada 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. The Western Investment Co of Canada's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was C$0.96 Mil. The Western Investment Co of Canada's average total debt for the quarter that ended in Dec. 2024 was C$6.81 Mil. Therefore, The Western Investment Co of Canada's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 14.17%.

The Western Investment Co of Canada Effective Interest Rate on Debt % Historical Data

The historical data trend for The Western Investment Co of Canada'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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The Western Investment Co of Canada Effective Interest Rate on Debt % Chart

The Western Investment Co of Canada Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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11.87

11.22

11.39

11.38

13.50

The Western Investment Co of Canada Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.28	12.87	13.04	12.49	14.17

Competitive Comparison of The Western Investment Co of Canada's Effective Interest Rate on Debt %

For the Asset Management subindustry, The Western Investment Co of Canada'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.

The Western Investment Co of Canada's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Western Investment Co of Canada's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Western Investment Co of Canada's Effective Interest Rate on Debt % falls into.

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The Western Investment Co of Canada Effective Interest Rate on Debt % Calculation

The Western Investment Co of Canada'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 * -0.933	/	( (7.849	+	5.976)	/ 2 )
=	-1 * -0.933	/	6.9125
=	13.50 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.726	+	1.123
=	7.849

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.907	+	0.069
=	5.976

The Western Investment Co of Canada's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.964	/	( (7.634	+	5.976)	/ 2 )
=	-1 * -0.964	/	6.805
=	14.17 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.634	+	0
=	7.634

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.907	+	0.069
=	5.976

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

The Western Investment Co of Canada (TSXV:WI) Effective Interest Rate on Debt % Explanation

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

The Western Investment Co of Canada Effective Interest Rate on Debt % Related Terms

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The Western Investment Co of Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Western Investment Co of Canada Ltd (TSXV:WI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

1KC:Germany

Address

6 West Coach Place SW, Calgary, AB, CAN, T1V 2A7

Website

https://www.winv.ca

The Western Investment Co of Canada Ltd is a Canada-based investment company. Its purpose is to create long-term wealth for shareholders by building and maintaining a portfolio of stable and profitable Western-based companies and helping them to grow and prosper. The company's plan of action is to acquire a diversified portfolio of established Western Canadian private businesses and create value through the identification, acquisition, and long-term ownership of private businesses with sustained cash flows and potential for organic growth.

Executives

Scott Tannas	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Stacey Cross	Senior Officer
Shafeen Ashraf Mawani	Senior Officer
Jennie Polyxeni Moushos	Director
James Francis Dinning	Director

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