Summer Infant (Summer Infant) Effective Interest Rate on Debt % : 3.09% (As of Mar. 2022)

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What is Summer Infant 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. Summer Infant's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $1.6 Mil. Summer Infant's average total debt for the quarter that ended in Mar. 2022 was $53.4 Mil. Therefore, Summer Infant's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 3.09%.

Summer Infant Effective Interest Rate on Debt % Historical Data

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

Summer Infant Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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5.49

6.40

9.60

10.06

9.62

Summer Infant Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.40	2.96	2.96	2.85	3.09

Competitive Comparison of Summer Infant's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, Summer Infant'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.

Summer Infant's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Summer Infant Effective Interest Rate on Debt % Calculation

Summer Infant's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -4.078	/	( (51.275	+	33.503)	/ 2 )
=	-1 * -4.078	/	42.389
=	9.62 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.905	+	3.37
=	51.275

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.029	+	4.474
=	33.503

Summer Infant's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -1.648	/	( (54.712	+	52.006)	/ 2 )
=	-1 * -1.648	/	53.359
=	3.09 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.454	+	5.258
=	54.712

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.522	+	5.484
=	52.006

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 (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Summer Infant (NAS:SUMR) Effective Interest Rate on Debt % Explanation

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

Summer Infant Effective Interest Rate on Debt % Related Terms

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Summer Infant (Summer Infant) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Summer Infant Inc (NAS:SUMR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1275 Park East Drive, Woonsocket, RI, USA, 02895

Website

https://www.summerinfant.com

Summer Infant Inc is an infant and juvenile products company. It manufactures juvenile safety and infant care products. The product categories include monitoring, safety, nursery, baby gear, and feeding products. The company markets its products under the Summer Infant, SwaddleMe, and Born Free brand names. The entity sells its products in the United States and other countries, of which a majority of the revenue is derived from the United States.

Executives

Jason P Macari	10 percent owner	10 HANNAH DRIVE CUMBERLAND RI 02864
Andrew Michael Train	director	C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
Bruce Meier	officer: Interim CFO	C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
Wynnefield Partners Small Cap Value Lp	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Nelson Obus	10 percent owner
Wynnefield Capital Management Llc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Partners Small Cap Value Lp I	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Joshua Landes	10 percent owner
Wynnefield Capital, Inc. Profit Sharing Plan	10 percent owner	450 SEVENTH AVENUE, SUITE 509, NEW YORK NY 10123
Wynnefield Capital Inc	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Wynnefield Small Cap Value Offshore Fund Ltd	10 percent owner	450 SEVENTH AVE, STE 509, NEW YORK NY 10123
Stuart Noyes	officer: Interim CEO	C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
An Evelyn D	director	1301 NE 103RD STREET, MIAMI SHORES FL 33138
Alan Mustacchi	director	C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895
Paul Francese	officer: Chief Financial Officer	C/O SUMMER INFANT, INC. 1275 PARK EAST DRIVE WOONSOCKET RI 02895