Beston Global Food Co (ASX:BFC) Effective Interest Rate on Debt % : 12.94% (As of Dec. 2023)

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What is Beston Global Food Co 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. Beston Global Food Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$5.8 Mil. Beston Global Food Co's average total debt for the quarter that ended in Dec. 2023 was A$45.0 Mil. Therefore, Beston Global Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.94%.

Beston Global Food Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Beston Global Food Co'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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Beston Global Food Co Effective Interest Rate on Debt % Chart

Beston Global Food Co Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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5.24

3.53

1.66

2.68

7.84

Beston Global Food Co Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												2.21	2.62	8.37	8.21	12.94

Competitive Comparison of Beston Global Food Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Beston Global Food Co'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.

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

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

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

Beston Global Food Co Effective Interest Rate on Debt % Calculation

Beston Global Food Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -3.962	/	( (56.054	+	45.023)	/ 2 )
=	-1 * -3.962	/	50.5385
=	7.84 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.762	+	24.292
=	56.054

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.404	+	20.619
=	45.023

Beston Global Food Co'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 * -5.828	/	( (45.023	+	0)	/ 1 )
=	-1 * -5.828	/	45.023
=	12.94 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.404	+	20.619
=	45.023

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Beston Global Food Co (ASX:BFC) Effective Interest Rate on Debt % Explanation

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

Beston Global Food Co Effective Interest Rate on Debt % Related Terms

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Beston Global Food Co (ASX:BFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beston Global Food Co Ltd (ASX:BFC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

84 Greenhill Road, Ground Floor, Wayville, SA, AUS, 5034

Website

https://www.bestonglobalfoods.com.au

Beston Global Food Co Ltd is engaged in the production and distribution of food and beverage products. The company's products include milk, yogurt, flavored milk, seafood, meat and poultry products, and health nutrition products. It operates in two segments namely the Australian Dairy, and Corporate out of which the Australian Dairy segment accounts for the majority of revenue.