Accredited Solutions (Accredited Solutions) Effective Interest Rate on Debt % : 22.24% (As of Sep. 2023)

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What is Accredited Solutions 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. Accredited Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.19 Mil. Accredited Solutions's average total debt for the quarter that ended in Sep. 2023 was $0.85 Mil. Therefore, Accredited Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 22.24%.

Accredited Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Accredited Solutions'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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Accredited Solutions Effective Interest Rate on Debt % Chart

Accredited Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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164.82

13.31

60.56

Accredited Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															56.20	189.64	21.19	22.03	22.24

Competitive Comparison of Accredited Solutions's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, Accredited Solutions'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.

Accredited Solutions's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Accredited Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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

Accredited Solutions Effective Interest Rate on Debt % Calculation

Accredited Solutions'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 * -0.783	/	( (1.632	+	0.954)	/ 2 )
=	-1 * -0.783	/	1.293
=	60.56 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.632
=	1.632

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.954
=	0.954

Accredited Solutions'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 * -0.188	/	( (0.849	+	0.842)	/ 2 )
=	-1 * -0.188	/	0.8455
=	22.24 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.849
=	0.849

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.842
=	0.842

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.

Accredited Solutions (OTCPK:ASII) Effective Interest Rate on Debt % Explanation

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

Accredited Solutions Effective Interest Rate on Debt % Related Terms

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Accredited Solutions (Accredited Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Accredited Solutions Inc (OTCPK:ASII) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, USA, 28031

Website

https://www.goodhemplivin.com

Accredited Solutions Inc formerly Good Hemp Inc is engaged in a hemp-derived CBD-infused line of consumer beverages sold under the Good Hemp brand. The company's current products include high-alkaline water products, hemp-based beverage products under the Good Hemp brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp products include two lines of hemp-based beverages. Good Hemp 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, good-for-you, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Good Hemp fizz is a line-up of carbonated refreshing, all-natural, good-for-you, ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist.

Executives

Alessi William Rosario Jr	director, officer: Chief Executive Officer	20311 CHARTWELL CENTER DR., STE. 1469, CORNELIUS NC 28031
Christopher Phillip Chumas	director	7018 BROOKSTONE LANE, INDIAN LAND SC 29707
Daniel M. Ferris	director, 10 percent owner, officer: President, Sec'y & Treasurer	98 REDCLIFFE GARDEN, FLAT 3, LONDON X0 SW109HH
John Graham Rhoden	10 percent owner	15 VICTORIAN CRESCENT, TOWN MOOR, SOUTH YORKSHIRE, DONCASTER X0 DN2 58P