Neto Malinda Trading (XTAE:NTML) Effective Interest Rate on Debt % : 5.65% (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is Neto Malinda Trading 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. Neto Malinda Trading's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₪23 Mil. Neto Malinda Trading's average total debt for the quarter that ended in Dec. 2023 was ₪408 Mil. Therefore, Neto Malinda Trading's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.65%.

Neto Malinda Trading Effective Interest Rate on Debt % Historical Data

The historical data trend for Neto Malinda Trading'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.

* Premium members only.

Neto Malinda Trading Effective Interest Rate on Debt % Chart

Neto Malinda Trading Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.08

6.03

9.28

2.01

3.84

Neto Malinda Trading Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.17	4.44	6.17	4.99	5.65

Competitive Comparison of Neto Malinda Trading's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Neto Malinda Trading'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.

Neto Malinda Trading's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Neto Malinda Trading Effective Interest Rate on Debt % Calculation

Neto Malinda Trading's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -13.189	/	( (241.292	+	445.399)	/ 2 )
=	-1 * -13.189	/	343.3455
=	3.84 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.336	+	225.956
=	241.292

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	70.279	+	375.12
=	445.399

Neto Malinda Trading'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -23.032	/	( (511.514	+	303.926)	/ 2 )
=	-1 * -23.032	/	407.72
=	5.65 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.566	+	448.948
=	511.514

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.947	+	240.979
=	303.926

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

Neto Malinda Trading (XTAE:NTML) Effective Interest Rate on Debt % Explanation

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

Neto Malinda Trading Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Neto Malinda Trading's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Neto Malinda Trading (XTAE:NTML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Neto Malinda Trading Ltd (XTAE:NTML) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Meir Ezra Street, P.O Box 655, Kiryat Malachi, ISR, 75864

Website

http://www.neto.org.il

Neto Malinda Trading Ltd is a food conglomerates in Israel. It operates in food processing sector. The Company imports and exports food products, produces fish products, imports canned goods and produces products under Williger brand. Its brands include Tibon Veal, Delidag, Williger, Three Bakers, Rich's, Bikorey Hasade Darom. It also owns and operates cold storage for frozen and chilled products.

Neto Malinda Trading (XTAE:NTML) Headlines

No Headlines