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Vencanna Ventures (XCNQ:VENI) Effective Interest Rate on Debt % : 18.10% (As of Jul. 2024)


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What is Vencanna Ventures 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. Vencanna Ventures's annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was C$0.72 Mil. Vencanna Ventures's average total debt for the quarter that ended in Jul. 2024 was C$4.00 Mil. Therefore, Vencanna Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was 18.10%.


Vencanna Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Vencanna Ventures'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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Vencanna Ventures Effective Interest Rate on Debt % Chart

Vencanna Ventures Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 7.23 7.85 9.22 15.15

Vencanna Ventures Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 9.06 12.62 12.62 43.45 18.10

Competitive Comparison of Vencanna Ventures's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Vencanna Ventures'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.


Vencanna Ventures's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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



Vencanna Ventures Effective Interest Rate on Debt % Calculation

Vencanna Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2023 )+Total Debt  (A: Apr. 2024 ))/ count )
=-1  *  -0.453/( (2.271+3.711)/ 2 )
=-1  *  -0.453/2.991
=15.15 %

where

Total Debt  (A: Apr. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.016 + 0.695
=3.711

Vencanna Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2024 )+Total Debt  (Q: Jul. 2024 ))/ count )
=-1  *  -0.724/( (3.711+4.289)/ 2 )
=-1  *  -0.724/4
=18.10 %

where

Total Debt  (Q: Apr. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.016 + 0.695
=3.711

Total Debt  (Q: Jul. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.402 + 0.887
=4.289

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


Vencanna Ventures  (XCNQ:VENI) Effective Interest Rate on Debt % Explanation

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


Vencanna Ventures Effective Interest Rate on Debt % Related Terms

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Vencanna Ventures Business Description

Traded in Other Exchanges
N/A
Address
622 5th Avenue S.W, Suite 200, Calgary, AB, CAN, T2P 0M6
Vencanna Ventures Inc aims to provide investors with a diversified, high-growth, cannabis investment strategy through strategic investments and acquisitions focused throughout the value chain (cultivation, processing, and distribution, including ancillary businesses.
Executives
Jonathan Robert Sharun Senior Officer
William Scott Mcgregor Director
David Gordon Mcgorman Senior Officer

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