City View Green Holdings (City View Green Holdings) Effective Interest Rate on Debt % : 10.93% (As of Dec. 2023)

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What is City View Green Holdings 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. City View Green Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.11 Mil. City View Green Holdings's average total debt for the quarter that ended in Dec. 2023 was $1.02 Mil. Therefore, City View Green Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.93%.

City View Green Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for City View Green Holdings'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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City View Green Holdings Effective Interest Rate on Debt % Chart

City View Green Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.85

13.49

12.31

14.67

10.30

City View Green Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.49	13.26	10.54	6.99	10.93

Competitive Comparison of City View Green Holdings's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, City View Green Holdings'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.

City View Green Holdings's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where City View Green Holdings's Effective Interest Rate on Debt % falls into.

City View Green Holdings Effective Interest Rate on Debt % Calculation

City View Green Holdings'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 * -0.098	/	( (0.864	+	1.039)	/ 2 )
=	-1 * -0.098	/	0.9515
=	10.30 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.157	+	0.707
=	0.864

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.039
=	1.039

City View Green Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.112	/	( (1.01	+	1.039)	/ 2 )
=	-1 * -0.112	/	1.0245
=	10.93 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.01
=	1.01

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.039
=	1.039

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

City View Green Holdings (OTCPK:CVGRF) Effective Interest Rate on Debt % Explanation

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

City View Green Holdings Effective Interest Rate on Debt % Related Terms

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City View Green Holdings (City View Green Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » City View Green Holdings Inc (OTCPK:CVGRF) » Definitions » Effective Interest Rate on Debt %

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CVGR:Canada

Address

1173 Dundas Street East, Suite 132, Toronto, ON, CAN, M4M 3P1

Website

https://www.cityviewgreen.ca

City View Green Holdings Inc is a vertically integrated cannabis company. The company intends to produce medicinal products and recreational cannabis products for the Adult-Use market. Its facility is located in Brantford Ontario which offers cultivation and extraction space.