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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. Crimson Wine Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.02 Mil. Crimson Wine Group's average total debt for the quarter that ended in Dec. 2023 was $17.81 Mil. Therefore, Crimson Wine Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.70%.
The historical data trend for Crimson Wine Group'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.
Crimson Wine Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.65 | 4.65 | 4.54 | 4.78 | 4.53 |
Crimson Wine Group 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 | 5.70 | 5.55 | 1.48 | 5.42 | 5.70 |
For the Beverages - Wineries & Distilleries subindustry, Crimson Wine Group'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.
For the Beverages - Alcoholic industry and Consumer Defensive sector, Crimson Wine Group's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Crimson Wine Group's Effective Interest Rate on Debt % falls into.
Crimson Wine Group'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 * -0.826 | / | ( (18.799 | + | 17.671) | / 2 ) |
= | -1 * -0.826 | / | 18.235 | |||
= | 4.53 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 17.671 | + | 1.128 |
= | 18.799 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 16.542 | + | 1.129 |
= | 17.671 |
Crimson Wine Group'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 * -1.016 | / | ( (17.953 | + | 17.671) | / 2 ) |
= | -1 * -1.016 | / | 17.812 | |||
= | 5.70 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 16.824 | + | 1.129 |
= | 17.953 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 16.542 | + | 1.129 |
= | 17.671 |
* 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.
Crimson Wine Group (OTCPK:CWGL) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Crimson Wine Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Annette D. Alvarez-peters | director | C/O CRIMSON WINE GROUP, 5901 SILVERADO TRAIL, NAPA CA 94558 |
Luanne Dupere Tierney | director | C/O CRIMSON WINE GROUP LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558 |
Kimberly A. Benson | officer: Interim CFO | C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558 |
John D. Cumming | director | C/O CRIMSON WINE GROUP, LTD., 5901 SILVERADO TRAIL, NAPA CA 94558 |
Joseph S Steinberg | director | C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010 |
Rollins Colby A. | director | 2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558 |
Jennifer L. Locke | officer: CHIEF EXECUTIVE OFFICER | C/O CRIMSON WINE GROUP, LTD., 2700 NAPA VALLEY CORPORATE DR., SUITE B, NAPA CA 94558 |
Teton Holdings Corp Ccs | 10 percent owner | P. O. BOX 4902, JACKSON WY 83001 |
David Cumming | 10 percent owner | 1794 OLYMPIC PARKWAY, SUITE 201, PARK CITY UT 84098 |
Quille Nicolas Michel Eric | officer: COO | 2700 NAPA VALLEY CORPORATE DR., STE. B, C/O CRIMSON WINE GROUP LTD., NAPA CA 94558 |
Craig Williams | director | C/O CRIMSON WINE GROUP, LTD, 5901 SILVERADO TRAIL, NAPA CA 94558 |
Ian M. Cumming Charitable Lead Annuity Trust | 10 percent owner | P. O. BOX 4902, JACKSON WY 83001 |
Patrick M Delong | officer: Chief Fin. & Oper. Officer | 1222 ARROYO SARCO, NAPA CA 94558 |
Mike S. Cekay | officer: SVP of Global Sales | C/O CRIMSON WINE GROUP, LTD, 5901 SIVERADO TRAIL, NAPA CA 94558 |
Karen L. Diepholz | officer: CFO | 2700 NAPA VALLEY CORPORATE DR., STE. B, NAPA CA 94558 |
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