Argo Living Soils (XCNQ:ARGO) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2023)

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What is Argo Living Soils 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. Argo Living Soils's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was C$0.00 Mil. Argo Living Soils's average total debt for the quarter that ended in Nov. 2023 was C$0.00 Mil. Therefore, Argo Living Soils's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was N/A%.

Argo Living Soils Effective Interest Rate on Debt % Historical Data

The historical data trend for Argo Living Soils'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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Argo Living Soils Effective Interest Rate on Debt % Chart

Argo Living Soils Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

Argo Living Soils Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
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Competitive Comparison of Argo Living Soils's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Argo Living Soils'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.

Argo Living Soils's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Argo Living Soils's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Argo Living Soils's Effective Interest Rate on Debt % falls into.

Argo Living Soils Effective Interest Rate on Debt % Calculation

Argo Living Soils's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * 0	/	( (0.01	+	0)	/ 1 )
=	-1 * 0	/	0.01
=	0.00 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.01
=	0.01

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Argo Living Soils's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Argo Living Soils (XCNQ:ARGO) Effective Interest Rate on Debt % Explanation

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

Argo Living Soils Effective Interest Rate on Debt % Related Terms

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Argo Living Soils (XCNQ:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (XCNQ:ARGO) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ARLSF:USA

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://argolivingsoils.com

Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.

Executives

Robert Carlo Intile

Director