GRIID Infrastructure (NEOE:GRDI) Effective Interest Rate on Debt % : 35.99% (As of Mar. 2024)

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What is GRIID Infrastructure 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. GRIID Infrastructure's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$37.66 Mil. GRIID Infrastructure's average total debt for the quarter that ended in Mar. 2024 was C$104.62 Mil. Therefore, GRIID Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 35.99%.

GRIID Infrastructure Effective Interest Rate on Debt % Historical Data

The historical data trend for GRIID Infrastructure'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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GRIID Infrastructure Effective Interest Rate on Debt % Chart

GRIID Infrastructure Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

13.35

36.29

54.78

GRIID Infrastructure Quarterly Data
	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			53.86	45.11	53.93	-	35.99

Competitive Comparison of GRIID Infrastructure's Effective Interest Rate on Debt %

For the Capital Markets subindustry, GRIID Infrastructure'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.

GRIID Infrastructure's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, GRIID Infrastructure's Effective Interest Rate on Debt % distribution charts can be found below:

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

GRIID Infrastructure Effective Interest Rate on Debt % Calculation

GRIID Infrastructure'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 * -45.616	/	( (67.014	+	99.521)	/ 2 )
=	-1 * -45.616	/	83.2675
=	54.78 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.317	+	1.697
=	67.014

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.543	+	3.978
=	99.521

GRIID Infrastructure'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 * -37.656	/	( (99.521	+	109.726)	/ 2 )
=	-1 * -37.656	/	104.6235
=	35.99 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.543	+	3.978
=	99.521

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104.674	+	5.052
=	109.726

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.

GRIID Infrastructure (NEOE:GRDI) Effective Interest Rate on Debt % Explanation

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

GRIID Infrastructure Effective Interest Rate on Debt % Related Terms

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GRIID Infrastructure (NEOE:GRDI) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GRIF:USA

Address

2577 Duck Creek Road, Cincinnati, OH, USA, 45212

Website

Griid Holdco LLC is a vertically integrated Bitcoin mining company. It owns and operates a growing portfolio of energy infrastructure and high-density data centers across North America. The Company has built a cryptocurrency mining operation, which operates specialized computers (also known as miners) that generate cryptocurrency. Currently, the only cryptocurrency mined by GRIID is Bitcoin.

GRIID Infrastructure (NEOE:GRDI) Headlines

From GuruFocus

Glancy Prongay & Murray LLP Announces Investigation of GRIID Infrastructure Inc. (GRDI)

By Business Wire • 03-05-2024