Flour Mills Nigeria (NSA:FMNL) Effective Interest Rate on Debt % : 19.33% (As of Mar. 2023)

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What is Flour Mills Nigeria 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. Flour Mills Nigeria's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₦55,726 Mil. Flour Mills Nigeria's average total debt for the quarter that ended in Mar. 2023 was ₦288,296 Mil. Therefore, Flour Mills Nigeria's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 19.33%.

Flour Mills Nigeria Effective Interest Rate on Debt % Historical Data

The historical data trend for Flour Mills Nigeria'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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Flour Mills Nigeria Effective Interest Rate on Debt % Chart

Flour Mills Nigeria Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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16.34

15.99

13.70

15.64

19.33

Flour Mills Nigeria Semi-Annual Data
	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								16.34	15.99	13.70	15.64	19.33

Competitive Comparison of Flour Mills Nigeria's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Flour Mills Nigeria'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.

Flour Mills Nigeria's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Flour Mills Nigeria's Effective Interest Rate on Debt % falls into.

Flour Mills Nigeria Effective Interest Rate on Debt % Calculation

Flour Mills Nigeria'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 * -55725.721	/	( (176419.758	+	400173.201)	/ 2 )
=	-1 * -55725.721	/	288296.4795
=	19.33 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132465.163	+	43954.595
=	176419.758

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225963.281	+	174209.92
=	400173.201

Flour Mills Nigeria's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -55725.721	/	( (176419.758	+	400173.201)	/ 2 )
=	-1 * -55725.721	/	288296.4795
=	19.33 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132465.163	+	43954.595
=	176419.758

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225963.281	+	174209.92
=	400173.201

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

Flour Mills Nigeria (NSA:FMNL) Effective Interest Rate on Debt % Explanation

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

Flour Mills Nigeria Effective Interest Rate on Debt % Related Terms

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Flour Mills Nigeria (NSA:FMNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flour Mills Nigeria PLC (NSA:FMNL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Wharf Road, 1, Golden Penny Place, Apapa, Lagos, NGA

Website

https://www.fmnplc.com

Flour Mills Nigeria PLC is an investment holding company. The company's operating segment includes Food; Agro Allied; Sugar and Support Services. It generates maximum revenue from the Food segment which includes milling and sales of flour and production and sales of pasta, snacks, and noodles. Its Agro-Allied segment includes farming of maize, cassava, soya, sugar cane and oil palm and production and sales of fertilizer, edible oils and livestock feeds. The Sugar segment includes the cultivation and processing of sugarcane, refining and selling of sugar and sale of by-products from sugar refining.

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