Canlan Ice Sports (TSX:ICE) Effective Interest Rate on Debt % : 6.72% (As of Mar. 2024)

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What is Canlan Ice Sports 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. Canlan Ice Sports's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$3.29 Mil. Canlan Ice Sports's average total debt for the quarter that ended in Mar. 2024 was C$48.93 Mil. Therefore, Canlan Ice Sports's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.72%.

Canlan Ice Sports Effective Interest Rate on Debt % Historical Data

The historical data trend for Canlan Ice Sports'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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Canlan Ice Sports Effective Interest Rate on Debt % Chart

Canlan Ice Sports Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.94

4.10

4.44

5.01

5.61

Canlan Ice Sports 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															4.99	5.22	6.33	6.82	6.72

Competitive Comparison of Canlan Ice Sports's Effective Interest Rate on Debt %

For the Leisure subindustry, Canlan Ice Sports'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.

Canlan Ice Sports's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Canlan Ice Sports's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Canlan Ice Sports's Effective Interest Rate on Debt % falls into.

Canlan Ice Sports Effective Interest Rate on Debt % Calculation

Canlan Ice Sports'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 * -2.788	/	( (50.143	+	49.275)	/ 2 )
=	-1 * -2.788	/	49.709
=	5.61 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.883	+	7.26
=	50.143

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.283	+	2.992
=	49.275

Canlan Ice Sports'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 * -3.288	/	( (49.275	+	48.578)	/ 2 )
=	-1 * -3.288	/	48.9265
=	6.72 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.283	+	2.992
=	49.275

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.61	+	2.968
=	48.578

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.

Canlan Ice Sports (TSX:ICE) Effective Interest Rate on Debt % Explanation

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

Canlan Ice Sports Effective Interest Rate on Debt % Related Terms

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Canlan Ice Sports (TSX:ICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Canlan Ice Sports Corp (TSX:ICE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Sprott Street, Burnaby, BC, CAN, V6B 3B8

Website

https://www.canlansports.com

Canlan Ice Sports Corp is focused on the development, lease, acquisition, and operation of multi-purpose recreation and entertainment facilities in North America. The company has a single operating segment which is an Ice rink and recreational facilities which derive revenue from food and beverage, sports stores, sponsorship, space rental, and others. Geographically it generates the majority of its revenue from Canada.

Executives

Joey St. Aubin

Senior Officer