The Planting Hope Co (TSXV:MYLK) Effective Interest Rate on Debt % : 20.60% (As of Sep. 2023)

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What is The Planting Hope Co 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. The Planting Hope Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$1.80 Mil. The Planting Hope Co's average total debt for the quarter that ended in Sep. 2023 was C$8.72 Mil. Therefore, The Planting Hope Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 20.60%.

The Planting Hope Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The Planting Hope Co'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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The Planting Hope Co Effective Interest Rate on Debt % Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

16.15

41.48

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					28.47	28.20	24.52	-	20.60

Competitive Comparison of The Planting Hope Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, The Planting Hope Co'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.

The Planting Hope Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Planting Hope Co's Effective Interest Rate on Debt % falls into.

The Planting Hope Co Effective Interest Rate on Debt % Calculation

The Planting Hope Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -2.066	/	( (4.396	+	5.565)	/ 2 )
=	-1 * -2.066	/	4.9805
=	41.48 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.635	+	3.761
=	4.396

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.284	+	4.281
=	5.565

The Planting Hope Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.796	/	( (0	+	8.717)	/ 1 )
=	-1 * -1.796	/	8.717
=	20.60 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.875	+	2.842
=	8.717

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

The Planting Hope Co (TSXV:MYLK) Effective Interest Rate on Debt % Explanation

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

The Planting Hope Co Effective Interest Rate on Debt % Related Terms

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The Planting Hope Co (TSXV:MYLK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (TSXV:MYLK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MYLKF:USA J94:Germany

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.

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