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. NewAge's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $10.1 Mil. NewAge's average total debt for the quarter that ended in Sep. 2021 was $75.3 Mil. Therefore, NewAge's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 13.42%.
NewAge Effective Interest Rate on Debt % Historical Data
The historical data trend for NewAge'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.
Competitive Comparison of NewAge's Effective Interest Rate on Debt %
For the Beverages - Non-Alcoholic subindustry, NewAge'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.
NewAge's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, NewAge's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where NewAge's Effective Interest Rate on Debt % falls into.
NewAge Effective Interest Rate on Debt % Calculation
NewAge's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as
* 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 four times the quarterly (Sep. 2021) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
NewAge (OTCPK:NBEVQ) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
NewAge Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of NewAge's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products sold primarily through a direct to customer business model using a team of brand partners and distributors to help market and sell the portfolio of brands. Its Direct/Social Selling segment is engaged in the development, manufacturing, and marketing of a portfolio of healthy products in three core category platforms including health and wellness, healthy appearance, and nutritional performance all sold primarily via e-commerce and through a direct route to market. It has a business presence in the US, Japan, China and other countries.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NBEVQ has been successfully added to your 