GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Blue Star Foods Corp (NAS:BSFC) » Definitions » Effective Interest Rate on Debt %

Blue Star Foods (Blue Star Foods) Effective Interest Rate on Debt % : 117.80% (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Blue Star Foods 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. Blue Star Foods's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.34 Mil. Blue Star Foods's average total debt for the quarter that ended in Mar. 2024 was $1.14 Mil. Therefore, Blue Star Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 117.80%.


Blue Star Foods Effective Interest Rate on Debt % Historical Data

The historical data trend for Blue Star Foods'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.

* Premium members only.

Blue Star Foods Effective Interest Rate on Debt % Chart

Blue Star Foods Annual Data
Trend Oct17 Oct18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 16.77 9.87 7.16 31.18 45.94

Blue Star Foods 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.20 25.37 103.33 85.76 117.80

Competitive Comparison of Blue Star Foods's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Blue Star Foods'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.


Blue Star Foods's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Blue Star Foods's Effective Interest Rate on Debt % falls into.



Blue Star Foods Effective Interest Rate on Debt % Calculation

Blue Star Foods'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  *  -1.772/( (6.685+1.029)/ 2 )
=-1  *  -1.772/3.857
=45.94 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.39 + 6.295
=6.685

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.571 + 0.458
=1.029

Blue Star Foods'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  *  -1.34/( (1.029+1.246)/ 2 )
=-1  *  -1.34/1.1375
=117.80 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.571 + 0.458
=1.029

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.612 + 0.634
=1.246

* 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.

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.


Blue Star Foods  (NAS:BSFC) Effective Interest Rate on Debt % Explanation

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


Blue Star Foods Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Blue Star Foods's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Blue Star Foods (Blue Star Foods) Business Description

Traded in Other Exchanges
N/A
Address
3000 NW,109th Avenue, Miami, FL, USA, 33172
Blue Star Foods Corp is an international seafood company based in Miami. It imports, packages, and sells refrigerated pasteurized crab meat, and other premium seafood products. The company derives revenue from importing blue and red swimming crab meat from Indonesia, Philippines and China and distributing it in the United States and Canada under several premium brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. The Company's products are sold in the United States and Canada.
Executives
Nubar Herian director 1120 NW 165TH STREET, MIAMI FL 33169
Jeffrey J Guzy director 3130 19TH STREET, NORTH, ARLINGTON VA 22201
Trond K. Ringstad director 1511 THIRD AVENUE, SUITE 788, SEATTLE WA 98101
John R Keeler director, 10 percent owner, officer: Executive Chairman 3000 NW 109TH AVE, MIAMI FL 33172
Juan Carlos Dalto director 3059 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Miozotis Ponce officer: Chief Operating Officer 3000 NW 109 AVENUE, MIAMI FL 33172
Silvia Sosa Alana officer: Chief Financial Officer 3000 NW 109 AVENUE, MIAMI FL 33172
Timothy Andrew Mclellan director 11016 MILL CREEK WAY, #2407, FORT MYERS FL 33913
Christopher Constable director, officer: CFO, Treasurer and Secretary 3000 NW 109TH AVE, MIAMI FL 33172
Carlos Faria director, 10 percent owner, officer: President and CEO 3000 NW 109TH AVE, MIAMI FL 33172
Laura E Anthony director, 10 percent owner, officer: Former CFO Director+10% Holder LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401
Howard Gostfrand director, 10 percent owner, officer: Former CEO Director+10% Holder 625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401