OrganiGram Holdings (OrganiGram Holdings) Effective Interest Rate on Debt % : 204.26% (As of Mar. 2024)

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What is OrganiGram 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. OrganiGram Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.19 Mil. OrganiGram Holdings's average total debt for the quarter that ended in Mar. 2024 was $0.09 Mil. Therefore, OrganiGram Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 204.26%.

OrganiGram Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for OrganiGram 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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OrganiGram Holdings Effective Interest Rate on Debt % Chart

OrganiGram Holdings Annual Data

Trend

Apr12

Apr13

Apr14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Effective Interest Rate on Debt %

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4.89

19.64

12.85

7.18

5.01

OrganiGram Holdings Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.70	122.08	134.29	123.08	204.26

Competitive Comparison of OrganiGram Holdings's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, OrganiGram 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.

OrganiGram Holdings's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

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

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

OrganiGram Holdings Effective Interest Rate on Debt % Calculation

OrganiGram Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2020 )	+	Total Debt (A: Aug. 2021 ))	/ count )
=	-1 * -2.349	/	( (89.11	+	4.719)	/ 2 )
=	-1 * -2.349	/	46.9145
=	5.01 %

where

	Total Debt (A: Aug. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	80.345	+	8.765
=	89.11

	Total Debt (A: Aug. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.874	+	0.845
=	4.719

OrganiGram Holdings'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 * -0.192	/	( (0.101	+	0.087)	/ 2 )
=	-1 * -0.192	/	0.094
=	204.26 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.048	+	0.053
=	0.101

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.038	+	0.049
=	0.087

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.

OrganiGram Holdings (NAS:OGI) Effective Interest Rate on Debt % Explanation

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

OrganiGram Holdings Effective Interest Rate on Debt % Related Terms

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OrganiGram Holdings (OrganiGram Holdings) Business Description

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Address

145 King Street West, Suite 1400, Toronto, ON, CAN, M5H 1J8

Website

https://www.organigram.ca

OrganiGram Holdings Inc is engaged in producing indoor-grown cannabis for patients and adult recreational consumers in Canada. The company has also developed a portfolio of adult-use recreational cannabis brands including Edison, Big Bag o' Buds, SHRED, Monjour, Holy Mountain, and Trailblazer. Tremblant Cannabis, and artisanal craft brand, Laurentian are recent additions to Organigram's existing brand portfolio.