Honeywell Flour Mills (NSA:HFM) Effective Interest Rate on Debt % : 14.47% (As of Mar. 2023)

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What is Honeywell Flour Mills 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. Honeywell Flour Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₦10,062 Mil. Honeywell Flour Mills's average total debt for the quarter that ended in Mar. 2023 was ₦69,544 Mil. Therefore, Honeywell Flour Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 14.47%.

Honeywell Flour Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Honeywell Flour Mills'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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Honeywell Flour Mills Effective Interest Rate on Debt % Chart

Honeywell Flour Mills Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.09

7.45

10.22

8.97

14.47

Honeywell Flour Mills Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									6.09	7.45	10.22	8.97	14.47

Competitive Comparison of Honeywell Flour Mills's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Honeywell Flour Mills'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.

Honeywell Flour Mills's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Honeywell Flour Mills Effective Interest Rate on Debt % Calculation

Honeywell Flour Mills's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -10061.712	/	( (61828.429	+	77258.636)	/ 2 )
=	-1 * -10061.712	/	69543.5325
=	14.47 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21315.817	+	40512.612
=	61828.429

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34685.721	+	42572.915
=	77258.636

Honeywell Flour Mills'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: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -10061.712	/	( (61828.429	+	77258.636)	/ 2 )
=	-1 * -10061.712	/	69543.5325
=	14.47 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21315.817	+	40512.612
=	61828.429

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34685.721	+	42572.915
=	77258.636

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

Honeywell Flour Mills (NSA:HFM) Effective Interest Rate on Debt % Explanation

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

Honeywell Flour Mills Effective Interest Rate on Debt % Related Terms

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Honeywell Flour Mills (NSA:HFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Honeywell Flour Mills PLC (NSA:HFM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2nd Gate Bye-Pass, Tin Can Island, Apapa, Lagos, NGA

Website

https://www.honeywellflour.com

Honeywell Flour Mills PLC is a Nigeria-based company. It is engaged in the manufacturing of wheat-based products such as flour, semolina, whole wheat meal, noodles, and pasta. The company operates its business through geographical segments that are Ikeja, which manufacture noodles; Sagamu segment manufactures Pasta and Apapa, which manufactures flour, semolina, wheat meal, brown flour and Baker's delight flour. The Apapa generates maximum revenue for the company. The company offers its services throughout Nigeria region.

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