Namoi Cotton (ASX:NAM) Effective Interest Rate on Debt % : 0.27% (As of Feb. 2024)

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What is Namoi Cotton 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. Namoi Cotton's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was A$0.1 Mil. Namoi Cotton's average total debt for the quarter that ended in Feb. 2024 was A$40.7 Mil. Therefore, Namoi Cotton's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.27%.

Namoi Cotton Effective Interest Rate on Debt % Historical Data

The historical data trend for Namoi Cotton'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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Namoi Cotton Effective Interest Rate on Debt % Chart

Namoi Cotton Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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4.30

3.24

4.49

6.18

5.29

Namoi Cotton Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.54	5.10	5.78	8.42	0.27

Competitive Comparison of Namoi Cotton's Effective Interest Rate on Debt %

For the Farm Products subindustry, Namoi Cotton'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.

Namoi Cotton's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Namoi Cotton Effective Interest Rate on Debt % Calculation

Namoi Cotton's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -2.204	/	( (52.043	+	31.208)	/ 2 )
=	-1 * -2.204	/	41.6255
=	5.29 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.326	+	13.717
=	52.043

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.184	+	2.024
=	31.208

Namoi Cotton's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.108	/	( (50.108	+	31.208)	/ 2 )
=	-1 * -0.108	/	40.658
=	0.27 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.847	+	12.261
=	50.108

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.184	+	2.024
=	31.208

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Namoi Cotton (ASX:NAM) Effective Interest Rate on Debt % Explanation

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

Namoi Cotton Effective Interest Rate on Debt % Related Terms

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Namoi Cotton (ASX:NAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namoi Cotton Ltd (ASX:NAM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

259 Ruthven Street, Toowoomba, QLD, AUS, 4350

Website

https://www.namoicotton.com.au

Namoi Cotton Ltd is engaged in the processing of cotton. The company is involved in the provision of cotton ginning services to cotton farmers, the marketing of cotton seed and by-products of the ginning process and, participation in the marketing of cotton lint bales. Its operating divisions are Ginning Services and Supply Chain & Marketing. The firm generates a majority of its revenue from the Ginning services.

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