VEXTF (Vext Science) Effective Interest Rate on Debt % : 13.19% (As of Dec. 2024)

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What is Vext Science 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. Vext Science's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $5.27 Mil. Vext Science's average total debt for the quarter that ended in Dec. 2024 was $39.93 Mil. Therefore, Vext Science's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 13.19%.

Vext Science Effective Interest Rate on Debt % Historical Data

The historical data trend for Vext Science'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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Vext Science Effective Interest Rate on Debt % Chart

Vext Science Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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7.93

17.45

7.86

9.93

10.05

Vext Science 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															9.37	9.17	8.78	8.80	13.19

Competitive Comparison of Vext Science's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Vext Science'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.

Vext Science's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vext Science's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Vext Science Effective Interest Rate on Debt % Calculation

Vext Science'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 * -3.925	/	( (38.597	+	39.517)	/ 2 )
=	-1 * -3.925	/	39.057
=	10.05 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.339	+	6.258
=	38.597

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.043	+	5.474
=	39.517

Vext Science'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 * -5.268	/	( (40.333	+	39.517)	/ 2 )
=	-1 * -5.268	/	39.925
=	13.19 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.792	+	8.541
=	40.333

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.043	+	5.474
=	39.517

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.

Vext Science (OTCPK:VEXTF) Effective Interest Rate on Debt % Explanation

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

Vext Science Effective Interest Rate on Debt % Related Terms

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Vext Science Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vext Science Inc (OTCPK:VEXTF) » Definitions » Effective Interest Rate on Debt %

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Address

4152 N. 39th Avenue, Admin, Phoenix, AZ, USA, 85019

Website

https://www.vextscience.com

Vext Science Inc provides management, advisory, cultivation, and dispensary services to entities in the medical cannabis field. The company's expertise spans from cultivation through to retail operations. Its revenue sources include management fees, professional services, product sales, equipment leasing and property leasing. The company's operations consist of a single operating segment engaged in the cultivation, manufacturing, distribution and sale of cannabis within the United States.