Nuchev (ASX:NUC) Effective Interest Rate on Debt % : 10.97% (As of Dec. 2023)

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What is Nuchev 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. Nuchev's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.03 Mil. Nuchev's average total debt for the quarter that ended in Dec. 2023 was A$0.27 Mil. Therefore, Nuchev's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.97%.

Nuchev Effective Interest Rate on Debt % Historical Data

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

Nuchev Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

188.60

2.68

2.73

33.26

Nuchev Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				14.17	-12.77	5.15	78.02	10.97

Competitive Comparison of Nuchev's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Nuchev'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.

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

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

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

Nuchev Effective Interest Rate on Debt % Calculation

Nuchev'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 * -0.073	/	( (0.154	+	0.285)	/ 2 )
=	-1 * -0.073	/	0.2195
=	33.26 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.154
=	0.154

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.237	+	0.048
=	0.285

Nuchev'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 * -0.03	/	( (0.285	+	0.262)	/ 2 )
=	-1 * -0.03	/	0.2735
=	10.97 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.237	+	0.048
=	0.285

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.215	+	0.047
=	0.262

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.

Nuchev (ASX:NUC) Effective Interest Rate on Debt % Explanation

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

Nuchev Effective Interest Rate on Debt % Related Terms

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Nuchev (ASX:NUC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

636 St Kilda Road, Level 12, Melbourne, VIC, AUS, 3004

Website

https://www.nuchev.com.au

Nuchev Ltd is a globally-oriented food business focused on developing, marketing, and selling a range of premium Australian made goat nutritional products. Its primary products include its Oli6 branded goat infant formula and nutritional range, which are sold across multiple sales channels in Australia and China.

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