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UGRO (Urban-gro) Effective Interest Rate on Debt % : 13.55% (As of Sep. 2024)


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What is Urban-gro 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. Urban-gro's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.88 Mil. Urban-gro's average total debt for the quarter that ended in Sep. 2024 was $6.49 Mil. Therefore, Urban-gro's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 13.55%.


Urban-gro Effective Interest Rate on Debt % Historical Data

The historical data trend for Urban-gro'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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Urban-gro Effective Interest Rate on Debt % Chart

Urban-gro Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 54.25 24.40 21.72 1.53 4.62

Urban-gro Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.72 9.58 8.12 22.68 13.55

Competitive Comparison of Urban-gro's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Urban-gro'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.


Urban-gro's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Urban-gro's Effective Interest Rate on Debt % falls into.


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Urban-gro Effective Interest Rate on Debt % Calculation

Urban-gro'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  *  -0.272/( (6.478+5.292)/ 2 )
=-1  *  -0.272/5.885
=4.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.045 + 4.433
=6.478

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.38 + 3.912
=5.292

Urban-gro's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.88/( (6.55+6.439)/ 2 )
=-1  *  -0.88/6.4945
=13.55 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.209 + 5.341
=6.55

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.205 + 5.234
=6.439

* 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.

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


Urban-gro  (NAS:UGRO) Effective Interest Rate on Debt % Explanation

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


Urban-gro Effective Interest Rate on Debt % Related Terms

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Urban-gro Business Description

Traded in Other Exchanges
Address
1751 Panorama Point, Unit G, Lafayette, CO, USA, 80026
Urban-gro Inc is an integrated professional services and construction design-build firm. Its business focuses predominantly on providing fee-based knowledge-based services as well as the value-added reselling of equipment. The company offers value-added architectural, engineering, systems procurement and integration, and construction design-build solutions to customers operating in the controlled environment agriculture (CEA) and industrial and other commercial (Commercial) sectors. It derives revenue predominately from the sale of equipment systems, services, construction design-build, and other various immaterial contracts with customers.
Executives
Lewis Wilks director 555 SEVENTEENTH STREET, 7TH FLOOR, DENVER CO 80202
Bradley John Nattrass director, officer: Chief Executive Officer 5115 FOXGLOVE TRAIL, BROOMFIELD CO 80023
Jason T Archer officer: Chief Operating Officer 883 CARBONATE LANE, ERIE CO 80516
Jim Dennedy director, officer: President and COO 5269 W. 62ND AVENUE, ARVADA CO 80003
Sonia Lo director 1751 PANORAMA POINT, UNIT G, LAFAYETTE CO 80026
Anita D Britt director 3000 NW 107TH AVENUE, MIAMI FL 33172
David Hsu director 1751 PANORAMA POINT, SUITE G, LAFAYETTE CO 80026
James Robert Lowe director 5132 QUITMAN STREET, DENVER CO 80212
Richard Alan Akright officer: Interim CFO 6549 S. BLACKHAWK WAY, AURORA CO 80016
Lance Galey director 3940 CHIPPEWA DR, BOULDER CO 80303
James H. Dennedy director 61 ROYAL BIRKDALE, SPRINGBORO OH 45066
George R Pullar director 1750 PANORAMA POINT, UNIT 6, LAYFETTE CO 80026
Gutierrez Arias De La Parra Octavio director, officer: Secretary 2537 PROSPECT COURT, BROOMFIELD CO 80023