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NetBrands (NetBrands) Effective Interest Rate on Debt % : 72.47% (As of Mar. 2024)


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What is NetBrands 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. NetBrands's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.92 Mil. NetBrands's average total debt for the quarter that ended in Mar. 2024 was $1.26 Mil. Therefore, NetBrands's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 72.47%.


NetBrands Effective Interest Rate on Debt % Historical Data

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

NetBrands Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 28.44 21.18 3.12 1.99 31.99

NetBrands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.53 19.35 73.97 -0.57 72.47

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

For the Packaged Foods subindustry, NetBrands'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.


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

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

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



NetBrands Effective Interest Rate on Debt % Calculation

NetBrands's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.406/( (1.366+1.172)/ 2 )
=-1  *  -0.406/1.269
=31.99 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.982 + 0.384
=1.366

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.5 + 0.672
=1.172

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.916/( (1.172+1.356)/ 2 )
=-1  *  -0.916/1.264
=72.47 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.5 + 0.672
=1.172

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.5 + 0.856
=1.356

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


NetBrands  (OTCPK:NBND) Effective Interest Rate on Debt % Explanation

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


NetBrands Effective Interest Rate on Debt % Related Terms

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NetBrands (NetBrands) Business Description

Traded in Other Exchanges
N/A
Address
4042 Austin Boulevard, Suite B Island Park, New York, NY, USA, 11558
NetBrands Corp operates as a global diversified holdings company through several divisions. One of its divisions markets and sells multi-line consumer packaged goods (CPG) with branded product lines on a global basis. Another division acquires e-commerce assets as well as private businesses in various verticals and scales them up.
Executives
Paul Adler director, 10 percent owner, officer: President, Secretary and CEO 4042 AUSTIN BOULEVARD SUITE B, ISLAND PARK NY 11558
David Natan director 11190 BISCAYNE BLVD, MIAMI FL 33181
Michael Cascione director 1309 SHELBOURNE AVE, MAMARONECK NY 10543
Sandra G. Williams director 122 SCHOOL ST., FRAMINGHAM MA 01701
James Curtis Donegan director 6080 S. CHESTER WAY, GREENWOOD VILLAGE CO 80111
James M Cassidy other: frmer dir., officer: 5% sh 215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop other: frmer dir., officer: 5% sh 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212