Halo Food Co (ASX:HLF) Effective Interest Rate on Debt % : 15.73% (As of Mar. 2023)

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What is Halo 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. Halo Food Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was A$3.46 Mil. Halo Food Co's average total debt for the quarter that ended in Mar. 2023 was A$21.98 Mil. Therefore, Halo Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 15.73%.

Halo Food Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Halo 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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Halo Food Co Effective Interest Rate on Debt % Chart

Halo Food Co Annual Data

Trend

Sep17

Mar19

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

4.90

5.67

3.26

Halo Food Co Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					5.31	5.09	8.12	15.09	15.73

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

For the Packaged Foods subindustry, Halo 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.

Halo 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, Halo Food Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Halo Food Co Effective Interest Rate on Debt % Calculation

Halo Food Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -0.549	/	( (15.567	+	18.091)	/ 2 )
=	-1 * -0.549	/	16.829
=	3.26 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.312	+	2.255
=	15.567

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.839	+	6.252
=	18.091

Halo Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -3.458	/	( (15.723	+	28.237)	/ 2 )
=	-1 * -3.458	/	21.98
=	15.73 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.278	+	5.445
=	15.723

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.76	+	7.477
=	28.237

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 (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Halo Food Co (ASX:HLF) Effective Interest Rate on Debt % Explanation

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

Halo Food Co Effective Interest Rate on Debt % Related Terms

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Halo Food Co (ASX:HLF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

26-28 Bond Street, Level 5, Mordialloc, Melbourne, VIC, AUS, 3195

Website

https://www.halofoodco.com

Halo Food Co Ltd is engaged in the manufacturing and exporting of dairy, health, and wellness, and nutritional products, with a particular focus on formulated powdered products, ready-to-drink protein drinks. The Group earns the majority of its revenues from the sales of its proprietary products and contract manufacturing.