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Forafric Global (Forafric Global) Effective Interest Rate on Debt % : 7.38% (As of Dec. 2023)


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What is Forafric Global 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. Forafric Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $15.0 Mil. Forafric Global's average total debt for the quarter that ended in Dec. 2023 was $202.8 Mil. Therefore, Forafric Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.38%.

Forafric Global Effective Interest Rate on Debt % Historical Data

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

Forafric Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 5.06 6.34 6.37 7.00

Forafric Global Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 7.24 5.04 7.75 6.40 7.38

Competitive Comparison of Forafric Global's Effective Interest Rate on Debt %

For the Farm Products subindustry, Forafric Global'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.

Forafric Global's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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


Forafric Global Effective Interest Rate on Debt % Calculation

Forafric Global'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  *  -14.016/( (201.457+198.767)/ 2 )
=-1  *  -14.016/200.112
=7.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.629 + 189.828
=201.457

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.327 + 185.44
=198.767

Forafric Global'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -14.974/( (206.83+198.767)/ 2 )
=-1  *  -14.974/202.7985
=7.38 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.636 + 196.194
=206.83

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.327 + 185.44
=198.767

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

Forafric Global  (NAS:AFRI) Effective Interest Rate on Debt % Explanation

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

Forafric Global Effective Interest Rate on Debt % Related Terms

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Forafric Global (Forafric Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LMNR ALCO VITL DTCK VFF GCEH SDOT SANW LOCL SHMP ADM SZSE:002714 SZSE:300498 TSN SHSE:600438 BG OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
N/A
Address
Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA
Website
https://www.forafric.com
Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.
Executives
Paul Packer director, 10 percent owner, officer: CEO; CFO; Secretary C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson director 525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne director P.O. BOX 547, JOHNSON AR 72741
Claude Benitah director NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc 10 percent owner 805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

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