Coho Collective Kitchens (TSXV:COHO) Effective Interest Rate on Debt % : 10.20% (As of Dec. 2023)

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What is Coho Collective Kitchens 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. Coho Collective Kitchens's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$2.53 Mil. Coho Collective Kitchens's average total debt for the quarter that ended in Dec. 2023 was C$24.83 Mil. Therefore, Coho Collective Kitchens's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.20%.

Coho Collective Kitchens Effective Interest Rate on Debt % Historical Data

The historical data trend for Coho Collective Kitchens'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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Coho Collective Kitchens Effective Interest Rate on Debt % Chart

Coho Collective Kitchens Annual Data

Trend

Mar22

Mar23

Effective Interest Rate on Debt %

10.90

Coho Collective Kitchens Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						9.14	9.11	8.64	7.07	10.20

Competitive Comparison of Coho Collective Kitchens's Effective Interest Rate on Debt %

For the Restaurants subindustry, Coho Collective Kitchens'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.

Coho Collective Kitchens's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Coho Collective Kitchens's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Coho Collective Kitchens's Effective Interest Rate on Debt % falls into.

Coho Collective Kitchens Effective Interest Rate on Debt % Calculation

Coho Collective Kitchens's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.952	/	( (5.645	+	11.818)	/ 2 )
=	-1 * -0.952	/	8.7315
=	10.90 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.394	+	1.251
=	5.645

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.929	+	2.889
=	11.818

Coho Collective Kitchens'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 * -2.532	/	( (24.573	+	25.085)	/ 2 )
=	-1 * -2.532	/	24.829
=	10.20 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.21	+	4.363
=	24.573

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.816	+	5.269
=	25.085

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.

Coho Collective Kitchens (TSXV:COHO) Effective Interest Rate on Debt % Explanation

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

Coho Collective Kitchens Effective Interest Rate on Debt % Related Terms

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Coho Collective Kitchens (TSXV:COHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Coho Collective Kitchens Inc (TSXV:COHO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1370 E. Georgia Street, Vancouver, BC, CAN, V5L 2A8

Website

https://www.cohocommissary.com

Coho Collective Kitchens Inc engages in the provision of Commercial Commissary Kitchens and the rental of these kitchens to food-based businesses in Canada. The company currently offers its services and sells its products through three main channels, commissary operations, the hospitality food service establishment (Cafe), and the e-commerce food delivery platform, CohoMarket.ca (Coho Market).

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