Vireo Growth (XCNQ:VREO) Effective Interest Rate on Debt % : 36.88% (As of Dec. 2024)

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What is Vireo Growth 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. Vireo Growth's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was C$43.2 Mil. Vireo Growth's average total debt for the quarter that ended in Dec. 2024 was C$117.2 Mil. Therefore, Vireo Growth's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 36.88%.

Vireo Growth Effective Interest Rate on Debt % Historical Data

The historical data trend for Vireo Growth'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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Vireo Growth Effective Interest Rate on Debt % Chart

Vireo Growth Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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17.64

15.98

18.65

28.16

37.54

Vireo Growth 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															43.24	40.83	32.97	34.23	36.88

Competitive Comparison of Vireo Growth's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Vireo Growth'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.

Vireo Growth's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

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Vireo Growth Effective Interest Rate on Debt % Calculation

Vireo Growth'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 * -44.435	/	( (108.395	+	128.359)	/ 2 )
=	-1 * -44.435	/	118.377
=	37.54 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.408	+	81.987
=	108.395

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.082	+	3.277
=	128.359

Vireo Growth'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 * -43.22	/	( (106.044	+	128.359)	/ 2 )
=	-1 * -43.22	/	117.2015
=	36.88 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	102.794	+	3.25
=	106.044

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.082	+	3.277
=	128.359

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.

Vireo Growth (XCNQ:VREO) Effective Interest Rate on Debt % Explanation

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

Vireo Growth Effective Interest Rate on Debt % Related Terms

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Vireo Growth Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vireo Growth Inc (XCNQ:VREO) » Definitions » Effective Interest Rate on Debt %

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Address

207 South 9th Street, Minneapolis, Minneapolis, MN, USA, 55402

Website

https://www.vireogrowth.com

Vireo Growth Inc is a cannabis company whose mission is to provide safe access, quality products, and value to its customers while supporting its local communities through active participation and restorative justice programs. The company's operating results in one business segment: the cultivation, production, and sale of cannabis.

Executives

Llc Chicago Atlantic Credit Opportunities

10% Security Holder

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