Nabati Foods Global (XCNQ:MEAL) Effective Interest Rate on Debt % : 7.23% (As of Sep. 2023)

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What is Nabati Foods Global 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. Nabati Foods Global's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.19 Mil. Nabati Foods Global's average total debt for the quarter that ended in Sep. 2023 was C$2.60 Mil. Therefore, Nabati Foods Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.23%.

Nabati Foods Global Effective Interest Rate on Debt % Historical Data

The historical data trend for Nabati Foods Global'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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Nabati Foods Global Effective Interest Rate on Debt % Chart

Nabati Foods Global Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

5.35

7.16

18.74

Nabati Foods Global Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								16.01	13.79	10.14	7.68	7.23

Competitive Comparison of Nabati Foods Global's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Nabati Foods Global'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.

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

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

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

Nabati Foods Global Effective Interest Rate on Debt % Calculation

Nabati Foods Global'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 * -0.4	/	( (1.907	+	2.361)	/ 2 )
=	-1 * -0.4	/	2.134
=	18.74 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.2	+	0.707
=	1.907

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.813	+	1.548
=	2.361

Nabati Foods Global'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 * -0.188	/	( (2.569	+	2.628)	/ 2 )
=	-1 * -0.188	/	2.5985
=	7.23 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.636	+	1.933
=	2.569

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.544	+	2.084
=	2.628

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.

Nabati Foods Global (XCNQ:MEAL) Effective Interest Rate on Debt % Explanation

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

Nabati Foods Global Effective Interest Rate on Debt % Related Terms

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Nabati Foods Global (XCNQ:MEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nabati Foods Global Inc (XCNQ:MEAL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

7UW:Germany

Address

1570 - 505 Burrard Street, Vancouver, BC, CAN, V7X 1M5

Website

https://www.nabati.ca

Nabati Foods Global Inc is an plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives.

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