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Grounded People Apparel (XCNQ:SHOE) Effective Interest Rate on Debt % : 0.00% (As of Aug. 2024)


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What is Grounded People Apparel 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. Grounded People Apparel's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was C$0.00 Mil. Grounded People Apparel's average total debt for the quarter that ended in Aug. 2024 was C$0.00 Mil. Therefore, Grounded People Apparel's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was N/A%.


Grounded People Apparel Effective Interest Rate on Debt % Historical Data

The historical data trend for Grounded People Apparel'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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Grounded People Apparel Effective Interest Rate on Debt % Chart

Grounded People Apparel Annual Data
Trend Feb23 Feb24
Effective Interest Rate on Debt %
- -

Grounded People Apparel Quarterly Data
Aug21 Nov21 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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Competitive Comparison of Grounded People Apparel's Effective Interest Rate on Debt %

For the Footwear & Accessories subindustry, Grounded People Apparel'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.


Grounded People Apparel's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Grounded People Apparel's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Grounded People Apparel's Effective Interest Rate on Debt % falls into.



Grounded People Apparel Effective Interest Rate on Debt % Calculation

Grounded People Apparel's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2023 )+Total Debt  (A: Feb. 2024 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

Grounded People Apparel's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2024 )+Total Debt  (Q: Aug. 2024 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

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


Grounded People Apparel  (XCNQ:SHOE) Effective Interest Rate on Debt % Explanation

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


Grounded People Apparel Effective Interest Rate on Debt % Related Terms

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Grounded People Apparel Business Description

Traded in Other Exchanges
Address
800 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Grounded People Apparel Inc is primarily engaged in the business of fair trade, sustainable and earth-conscious fashion. The Company's initial focus is on the design and production of shoes, and more specifically, high-top and low-cut canvassed sneakers.
Executives
Geoffrey Balderson Director, Senior Officer

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