Mannatech (Mannatech) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Mannatech 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. Mannatech's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.0 Mil. Mannatech's average total debt for the quarter that ended in Dec. 2023 was $3.7 Mil. Therefore, Mannatech's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Mannatech Effective Interest Rate on Debt % Historical Data

The historical data trend for Mannatech'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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Mannatech Effective Interest Rate on Debt % Chart

Mannatech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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Mannatech 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															-	-	0.75	1.56	-

Competitive Comparison of Mannatech's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Mannatech'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.

Mannatech's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mannatech's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mannatech Effective Interest Rate on Debt % Calculation

Mannatech'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	/	( (6.212	+	5.726)	/ 2 )
=	-1 * 0	/	5.969
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.288	+	1.924
=	6.212

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.556	+	2.17
=	5.726

Mannatech'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 * 0	/	( (1.597	+	5.726)	/ 2 )
=	-1 * 0	/	3.6615
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.022	+	0.575
=	1.597

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.556	+	2.17
=	5.726

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.

Mannatech (NAS:MTEX) Effective Interest Rate on Debt % Explanation

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

Mannatech Effective Interest Rate on Debt % Related Terms

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Mannatech (Mannatech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mannatech Inc (NAS:MTEX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

1410 Lakeside Parkway, Suite 200, Flower Mound, TX, USA, 75028

Website

https://www.mannatech.com

Mannatech Inc is a wellness solution provider. The company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products that target optimal health and wellness. Mannatech sells products in three regions: the Americas (the United States, Canada, and Mexico); Europe/the Middle East/Africa (EMEA) (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden, and the United Kingdom); and Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan, Hong Kong, and China). Mannatech generates the majority of its revenue from Asia/Pacific, followed by the Americas.

Executives

Alfredo Bala	officer: CEO and President	28 CITY VIEW CIRCLE, NORTH PROVIDENCE RI 02911
Larry A Jobe	director	2951 KINWEST PARKWAY, IRVING TX 75063
Kevin Andrew Robbins	director	600 S. ROYAL LANE, STE. 200, COPPELL TX 75019
Seifrick A John	director	3443 WEST LAWTHER DRIVE, DALLAS TX 75214
J Stanley Fredrick	director, 10 percent owner	1601 BRYAN STREET, 30TH FLOOR, DALLAS TX 75201
Gerald E Gilbert	director
Tyler Rameson	director	300 SHEFFIELD DRIVE, SANTA BARBARA CA 93108
Erin Kemmler Barta	officer: General Counsel	600 S. ROYAL LANE, SUITE 200, COPPELL TX 75019
Ronald Dale Norman	officer: Sr VP Treasury	600 S. ROYAL LANE, SUITE 200, COPPELL TX 75019
Joel R. Bikman	officer: COO	600 S. ROYAL LANE, SUITE 200, COPPELL TX 75019
Yong Jae Park	officer: Regional President	600 S ROYAL LANE, SUITE 200, COPPELL TX 75019
Christopher J. Simons	officer: Regional President	600 S ROYAL LANE, SUITE 200, COPPELL TX 75019
David Allen Johnson	officer: Chief Financial Officer	600 S. ROYAL LANE, SUITE 200, COPPELL TX 75019
Robert Toth	director
Eric W Schrier	director	MANNATECH, INCORPORATED, 600 S. ROYAL LANE, SUITE 200, COPPELL TX 75019