Premier Foods (Premier Foods) Effective Interest Rate on Debt % : 6.95% (As of Sep. 2023)

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What is Premier Foods 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. Premier Foods's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $29 Mil. Premier Foods's average total debt for the quarter that ended in Sep. 2023 was $416 Mil. Therefore, Premier Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.95%.

Premier Foods Effective Interest Rate on Debt % Historical Data

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

Premier Foods Annual Data

Trend

Dec12

Dec13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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7.95

7.17

7.33

5.19

5.60

Premier Foods Semi-Annual Data
	Jun13	Dec13	Jun14	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.29	4.01	4.92	6.21	6.95

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

For the Packaged Foods subindustry, Premier Foods'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.

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

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

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

Premier Foods Effective Interest Rate on Debt % Calculation

Premier Foods'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 * -24.029	/	( (447.036	+	411.044)	/ 2 )
=	-1 * -24.029	/	429.04
=	5.60 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	444.269	+	2.767
=	447.036

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	407.282	+	3.762
=	411.044

Premier Foods'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: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -28.96	/	( (411.044	+	421.782)	/ 2 )
=	-1 * -28.96	/	416.413
=	6.95 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	407.282	+	3.762
=	411.044

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	414.975	+	6.807
=	421.782

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

Premier Foods (OTCPK:PRRFY) Effective Interest Rate on Debt % Explanation

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

Premier Foods Effective Interest Rate on Debt % Related Terms

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Premier Foods (Premier Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Premier Foods PLC (OTCPK:PRRFY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PFDl:UK PFD:UK FOJ1:Germany

Address

Premier House, Griffiths Way, Centrium Business Park, Saint Albans, Hertfordshire, GBR, AL1 2RE

Website

https://www.premierfoods.co.uk

Premier Foods PLC is a food manufacturing company. It manufactures, processes, and distributes food products. The company's operating segments include Grocery and Sweet Treats. Grocery segment primarily sells savoury ambient food products. The Sweet Treats segment sells sweet ambient food products. It generates maximum revenue from the Grocery segment. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in Other Europe and Rest of world. Some of the company brands include Ambrosia, Angel Delight, Atora, Batchelors, Be-Ro, Bird's, Bisto, Cadbury, Coffee Compliment, Homepride, and others.

Premier Foods (Premier Foods) Headlines

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