Tuesday Morning (Tuesday Morning) Effective Interest Rate on Debt % : 3.27% (As of Sep. 2022)

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What is Tuesday Morning 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. Tuesday Morning's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $8.1 Mil. Tuesday Morning's average total debt for the quarter that ended in Sep. 2022 was $247.7 Mil. Therefore, Tuesday Morning's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 3.27%.

Tuesday Morning Effective Interest Rate on Debt % Historical Data

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

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

1.05

2.66

2.82

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								2.74	3.06	3.08	2.56	3.27

Competitive Comparison of Tuesday Morning's Effective Interest Rate on Debt %

For the Discount Stores subindustry, Tuesday Morning'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.

Tuesday Morning's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Tuesday Morning's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tuesday Morning Effective Interest Rate on Debt % Calculation

Tuesday Morning's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -7.177	/	( (249.246	+	259.355)	/ 2 )
=	-1 * -7.177	/	254.3005
=	2.82 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	194.614	+	54.632
=	249.246

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.847	+	52.508
=	259.355

Tuesday Morning's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -8.108	/	( (259.355	+	236.066)	/ 2 )
=	-1 * -8.108	/	247.7105
=	3.27 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.847	+	52.508
=	259.355

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	189.363	+	46.703
=	236.066

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tuesday Morning (OTCPK:TUEMQ) Effective Interest Rate on Debt % Explanation

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

Tuesday Morning Effective Interest Rate on Debt % Related Terms

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Tuesday Morning (Tuesday Morning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (OTCPK:TUEMQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

Executives

Osmium Partners, Llc	director, 10 percent owner	300 DRAKES LANDING ROAD, SUITE 172, GREENBRAE CA 94904
Zhong John Zhang	director	6250 LBJ FWY, DALLAS TX 75240
Andrew Berger	director	84 ELM STREET, WESTFIELD NJ 07090
Michael Onghai	director	122 WEST 26TH ST. 5TH FLOOR, NEW YORK NY 10001
James Harris	director	10 FARADAY, IRVINE CA 92618
Maya Burkenroad	director	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Sandip Patel	director	1010 N. FLORIDA AVE., TAMPA FL 33602
Clicks To Bricks, Llc	10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVE, SUITE 700, MIAMI BEACH FL 33139
Tm21, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Ayon Capital, L.l.c.	director, 10 percent owner, other: Member of 10% owner group	1010 N. FLORIDA AVE., TAMPA FL 33602
Tascr Ventures, Llc	director, 10 percent owner, other: Member of 10% owner group	1010 NORTH FLORIDA AVENUE, TAMPA FL 33602
Alexander Mehr	director, 10 percent owner, other: Member of 10% owner group	C/O ZOOSK, INC., 989 MARKET STREET, FIFTH FLOOR, SAN FRANCISCO CA 94103
Retail Ecommerce Ventures Llc	director, 10 percent owner, other: Member of 10% owner group	1680 MICHIGAN AVENUE, SUITE 700, MIAMI BEACH FL 33139
Tai Lopez	director, 10 percent owner, other: Member of 10% owner group	C/O WILHELMINA INTERNATIONAL, INC., 200 CRESCENT COURT, SUITE 1400, DALLAS TX 75201
Marcelo Podesta	director	6250 LBJ FREEWAY, DALLAS TX 75240