Wingara AG (ASX:WNR) Effective Interest Rate on Debt % : -1.01% (As of Mar. 2024)

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What is Wingara AG 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. Wingara AG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was A$-0.01 Mil. Wingara AG's average total debt for the quarter that ended in Mar. 2024 was A$0.60 Mil. Therefore, Wingara AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was -1.01%.

Wingara AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Wingara AG'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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Wingara AG Effective Interest Rate on Debt % Chart

Wingara AG Annual Data

Trend

Jun14

Jun15

Jun16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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6.83

8.12

6.79

8.68

1.35

Wingara AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.90	12.46	5.65	2.77	-1.01

Competitive Comparison of Wingara AG's Effective Interest Rate on Debt %

For the Farm Products subindustry, Wingara AG'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.

Wingara AG's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Wingara AG Effective Interest Rate on Debt % Calculation

Wingara AG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.071	/	( (9.937	+	0.591)	/ 2 )
=	-1 * -0.071	/	5.264
=	1.35 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.818	+	7.119
=	9.937

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.257	+	0.334
=	0.591

Wingara AG'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0.006	/	( (0.599	+	0.591)	/ 2 )
=	-1 * 0.006	/	0.595
=	-1.01 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.376	+	0.223
=	0.599

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.257	+	0.334
=	0.591

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 two times the semi-annual (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Wingara AG (ASX:WNR) Effective Interest Rate on Debt % Explanation

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

Wingara AG Effective Interest Rate on Debt % Related Terms

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Wingara AG (ASX:WNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wingara AG Ltd (ASX:WNR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Oxley Road Hawthorn, Level 1, Laverton, VIC, AUS, 3122

Website

https://www.wingaraag.com.au

Wingara AG Ltd operates as a processor and marketer of agricultural products in Australia. The Group operates in two segments: Acting as a processor and marketer of agricultural products (fodder business) and also Acting as a service provider for manufacturers, providing temperature-controlled facilities, blast freezing, storage, and distribution. The company generates maximum revenue from the fodder business.