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CFN Enterprises (CFN Enterprises) Effective Interest Rate on Debt % : 29.86% (As of Mar. 2024)


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What is CFN Enterprises 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. CFN Enterprises's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.88 Mil. CFN Enterprises's average total debt for the quarter that ended in Mar. 2024 was $9.66 Mil. Therefore, CFN Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 29.86%.


CFN Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for CFN Enterprises'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.

* Premium members only.

CFN Enterprises Effective Interest Rate on Debt % Chart

CFN Enterprises Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 7.50 3.64 15.88 22.82

CFN Enterprises Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.87 3.10 39.18 29.98 29.86

Competitive Comparison of CFN Enterprises's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, CFN Enterprises'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.


CFN Enterprises's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CFN Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

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



CFN Enterprises Effective Interest Rate on Debt % Calculation

CFN Enterprises's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1.632/( (4.53+9.771)/ 2 )
=-1  *  -1.632/7.1505
=22.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.179 + 3.351
=4.53

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.676 + 8.095
=9.771

CFN Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -2.884/( (9.771+9.548)/ 2 )
=-1  *  -2.884/9.6595
=29.86 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.676 + 8.095
=9.771

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.698 + 7.85
=9.548

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


CFN Enterprises  (OTCPK:CNFN) Effective Interest Rate on Debt % Explanation

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


CFN Enterprises Effective Interest Rate on Debt % Related Terms

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CFN Enterprises (CFN Enterprises) Business Description

Traded in Other Exchanges
N/A
Address
600 E.8th Street, Whitefish, MT, USA, 59937
CFN Enterprises Inc is a creative agency and media network dedicated to the legal cannabis industry. Its CFN Business generates revenue through sponsored content, articles, press releases, videos, podcasts, advertisements, and other media, email advertisements, and other marketing campaigns run on behalf of public and private companies in the cannabis industry.
Executives
Anness Ziadeh officer: Chief Sales/Marketing Officer 600 EAST 8TH STREET, WHITEFISH MT 59937
Rami Abi 10 percent owner, officer: Chief Strategy Officer 600 EAST 8TH STREET, WHITEFISH MT 59937
Allen Park 10 percent owner, officer: Chief Operating Officer 600 EAST 8TH STREET, WHITEFISH MT 59937
Brian S Ross director, officer: President & CEO C/O ACCELERIZE NEW MEDIA, INC., 6477 HIGHWAY 93 SOUTH, SUITE 303, WHITEFISH MT 59937
Anthony Zingarelli 10 percent owner 600 E. 8TH STREET, WHITEFISH MT 59937
Frank Lane officer: President of CFN Media 2601 OCEAN PARK BLVD., SUITE 310, SANTA MONICA CA 90405
Darren Dayton 10 percent owner 143 CALLE MAYOR, REDONDO BEACH CA 90277
Ryan Beedie Family Trust Iii 10 percent owner 1730-1111 WEST GEORGIA STREET, VANCOUVER A1 V6E 4M3
Ryan Beedie 10 percent owner 1730-1111 WEST GEORGIA STREET, VANCOUVER A1 V6E 4M3
4358 Investments Ltd 10 percent owner 1730-1111 WEST GEORGIA STREET, VANCOUVER A1 V6E 4M3
Beedie Oyii Holdings Ltd. 10 percent owner 1730-1111 WEST GEORGIA STREET, VANCOUVER A1 V6E 4M3
Beedie Investments Ltd 10 percent owner 1730-1111 WEST GEORGIA STREET, VANCOUVER A1 V6E 4M3
Beedie Holdings Ltd. 10 percent owner 1730-1111 WEST GEORGIA STREET, VANCOUVER A1 V6E 4M3
Paul Dumais officer: Sr. VP, Product Development C/O ACCELERIZE, INC., 20411 SW BIRCH STREET, SUITE 250, NEWPORT BEACH CA 92660
Damon S Stein officer: General Counsel C/O ACCELERIZE NEW MEDIA, INC., 6477 HIGHWAY 93 SOUTH, SUITE 303, WHITEFISH MT 59937