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Flanigan'S Enterprises (Flanigan'S Enterprises) Effective Interest Rate on Debt % : 2.06% (As of Dec. 2023)


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What is Flanigan'S Enterprises 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. Flanigan'S Enterprises's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.0 Mil. Flanigan'S Enterprises's average total debt for the quarter that ended in Dec. 2023 was $50.9 Mil. Therefore, Flanigan'S Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.06%.


Flanigan'S Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for Flanigan'S Enterprises'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.

Flanigan'S Enterprises Effective Interest Rate on Debt % Chart

Flanigan'S Enterprises Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.12 2.47 1.77 1.41 1.99

Flanigan'S Enterprises Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.00 1.96 2.00 2.05 2.06

Competitive Comparison of Flanigan'S Enterprises's Effective Interest Rate on Debt %

For the Restaurants subindustry, Flanigan'S Enterprises'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.


Flanigan'S Enterprises's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Flanigan'S Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Flanigan'S Enterprises's Effective Interest Rate on Debt % falls into.



Flanigan'S Enterprises Effective Interest Rate on Debt % Calculation

Flanigan'S Enterprises's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -1.067/( (55.923+51.363)/ 2 )
=-1  *  -1.067/53.643
=1.99 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=51.371 + 4.552
=55.923

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47.683 + 3.68
=51.363

Flanigan'S Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1.048/( (51.363+50.469)/ 2 )
=-1  *  -1.048/50.916
=2.06 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47.683 + 3.68
=51.363

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=46.746 + 3.723
=50.469

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Flanigan'S Enterprises  (AMEX:BDL) Effective Interest Rate on Debt % Explanation

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


Flanigan'S Enterprises Effective Interest Rate on Debt % Related Terms

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Flanigan'S Enterprises (Flanigan'S Enterprises) Business Description

Traded in Other Exchanges
Address
5059 N.E. 18th Avenue, Fort Lauderdale, FL, USA, 33334
Flanigan'S Enterprises Inc operates as a chain of small cocktail lounges and packages liquor stores throughout South Florida. Its menu consists of a wide variety of options including prime rib, steaks, pasta, entree salads, burgers, a variety of sandwiches, and oversized signature desserts. The business activity is principally conducted in two segments namely Restaurant and Package liquor store segment. Its Restaurant segment offers alcoholic beverages and full food service and Package stores consist of retail liquor sales and related items. The company generates maximum revenue from Restaurant segment.
Executives
E. Mary Bennett director 2168 CENTERVIEW CT N, CLEARWATER FL 33759
Christopher Barry Oneil director 4101 NE 26TH AVENUE, LIGHTHOUSE POINT FL 33064
August Bucci director, officer: Chief Operating Officer 13078 NORTHWEST 23RD ST, PEMBROKE PINES FL 33028
James Ii Flanigan director, officer: President 5059 NORTHEAST 18TH AVE, FORT LAUDERDALE FL 33334
Jeffrey D Kastner director, officer: CFO & Secretary 5059 N.E. 18TH AVENUE, FORT LAUDERDALE FL 33334
Christopher Jeff Nelms director 724 SE 17TH TERRACE, DEERFIELD BEACH FL 33441
Michael B Flanigan director 601 OVERLOOK DRIVE, STUART FL 34994
Barbara J Kronk director 9990 N.W. 39TH STREET, HOLLYWOOD FL 33024
Jean Picard officer: VP of Package Operations 8351 NORTHWEST 166TH TERRACE, MIAMI FL 33016
Patrick J Flanigan director 1750 NORTHWEST RIVER TRAIL, STUART FL 34994
Joseph G Flanigan director, officer: Chariman & CEO 6 GATEHOUSE ROAD, SEA RANCH LAKES FL 33308

Flanigan'S Enterprises (Flanigan'S Enterprises) Headlines

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