Planet Based Foods Global (XCNQ:PBF) Effective Interest Rate on Debt % : 15.35% (As of Sep. 2023)

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What is Planet Based Foods Global 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. Planet Based Foods Global's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.06 Mil. Planet Based Foods Global's average total debt for the quarter that ended in Sep. 2023 was C$0.42 Mil. Therefore, Planet Based Foods Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 15.35%.

Planet Based Foods Global Effective Interest Rate on Debt % Historical Data

The historical data trend for Planet Based Foods Global'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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Planet Based Foods Global Effective Interest Rate on Debt % Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

61.51

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	15.35

Competitive Comparison of Planet Based Foods Global's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based Foods Global'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.

Planet Based Foods Global's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Planet Based Foods Global's Effective Interest Rate on Debt % falls into.

Planet Based Foods Global Effective Interest Rate on Debt % Calculation

Planet Based Foods Global's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (0.582	+	0)	/ 1 )
=	-1 * 0	/	0.582
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.582
=	0.582

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

Planet Based Foods Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.064	/	( (0	+	0.417)	/ 1 )
=	-1 * -0.064	/	0.417
=	15.35 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.403	+	0.014
=	0.417

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

Planet Based Foods Global (XCNQ:PBF) Effective Interest Rate on Debt % Explanation

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

Planet Based Foods Global Effective Interest Rate on Debt % Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.