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Calavo Growers (Calavo Growers) Effective Interest Rate on Debt % : 3.88% (As of Jan. 2024)


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What is Calavo Growers 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. Calavo Growers's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $3.3 Mil. Calavo Growers's average total debt for the quarter that ended in Jan. 2024 was $84.9 Mil. Therefore, Calavo Growers's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.88%.


Calavo Growers Effective Interest Rate on Debt % Historical Data

The historical data trend for Calavo Growers'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.

Calavo Growers Effective Interest Rate on Debt % Chart

Calavo Growers Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.78 1.78 0.79 1.92 3.02

Calavo Growers Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 2.05 1.32 3.42 4.05 3.88

Competitive Comparison of Calavo Growers's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Calavo Growers'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.


Calavo Growers's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

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

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



Calavo Growers Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -2.495/( (66.286+98.793)/ 2 )
=-1  *  -2.495/82.5395
=3.02 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=57.787 + 8.499
=66.286

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=89.48 + 9.313
=98.793

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -3.296/( (98.793+71.067)/ 2 )
=-1  *  -3.296/84.93
=3.88 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=89.48 + 9.313
=98.793

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=65.856 + 5.211
=71.067

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


Calavo Growers  (NAS:CVGW) Effective Interest Rate on Debt % Explanation

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


Calavo Growers Effective Interest Rate on Debt % Related Terms

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Calavo Growers (Calavo Growers) Business Description

Traded in Other Exchanges
N/A
Address
1141-A Cummings Road, Santa Paula, CA, USA, 93060
Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. The company derives its revenue from its Fresh products segment.
Executives
Michael A Browne officer: VP-Fresh Operations C/O MISSION PRODUCE, INC., 2500 E. VINEYARD AVENUE, SUITE 300, OXNARD CA 93036
Paul Alan Harrison officer: Executive Vice President C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Steve Hollister director 751 BEAR CANYON LANE, ARROYO GRANDE CA 93420
Lecil E Cole director, 10 percent owner, officer: Chairman of Board, CEO & Pres
James D Helin director 1141A CUMMINGS RD, SANTA PAULA CA 93036
Helen Kurtz officer: SVP and GM - Prepared C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Danny Dumas officer: SVP & GM Grown C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Shawn Munsell officer: Chief Financial Officer C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Graciela Montgomery officer: Chief Human Resources Officer C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD, SANTA PAULA CA 93060
Brian W Kocher officer: Chief Executive Officer 1141-A CUMMINGS ROAD, SANTA PAULA CA 93060
Adriana Mendizabal director C/O CALAVO GROWERS, INC., 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Mariela Irene Matute officer: Chief Financial Officer 1141-A CUMMINGS RD., SANTA PAULA CA 93060
Donald M Sanders director 2530 RED HILL AVE, SANTA ANA CA 92705
Michael Anthony Digregorio director C/O IRONCLAD PERFORMANCE WEAR CORP., 2201 PARK PLACE, SUITE 101, EL SEGUNDO CA 90245
Robert J Wedin officer: VP Sales & Fresh Marketing 1141A CUMMINGS ROAD, SANTA PAULA CA 93060

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