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Flowers Foods (Flowers Foods) Effective Interest Rate on Debt %

: 2.46% (As of Dec. 2023)
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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. Flowers Foods's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $33 Mil. Flowers Foods's average total debt for the quarter that ended in Dec. 2023 was $1,336 Mil. Therefore, Flowers Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.46%.


Flowers Foods Effective Interest Rate on Debt % Historical Data

The historical data trend for Flowers Foods'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.

Flowers Foods Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.38 2.98 2.49 2.41 2.88

Flowers Foods 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 % 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 Premium Member Only Premium Member Only Premium Member Only 2.24 3.39 2.62 2.59 2.46

Competitive Comparison

For the Packaged Foods subindustry, Flowers Foods'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.


Flowers Foods Effective Interest Rate on Debt % Distribution

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

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



Flowers Foods Effective Interest Rate on Debt % Calculation

Flowers Foods'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  *  -36.609/( (1192.664+1350.825)/ 2 )
=-1  *  -36.609/1271.7445
=2.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1128.935 + 63.729
=1192.664

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1285.039 + 65.786
=1350.825

Flowers Foods'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  *  -32.844/( (1320.725+1350.825)/ 2 )
=-1  *  -32.844/1335.775
=2.46 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1259.73 + 60.995
=1320.725

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1285.039 + 65.786
=1350.825

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


Flowers Foods  (NYSE:FLO) Effective Interest Rate on Debt % Explanation

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


Flowers Foods Effective Interest Rate on Debt % Related Terms

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Flowers Foods (Flowers Foods) Business Description

Traded in Other Exchanges
Address
1919 Flowers Circle, Thomasville, GA, USA, 31757
Flowers Foods Inc is an American company producing bakery food for retail and foodservice across the United States. The product portfolio includes fresh breads, buns, rolls, snack cakes, and tortillas. The company distributes to supermarkets, convenience stores, and restaurants. The key brands are Nature's Own, Whitewheat, Cobblestone Bread, Wonder, Dave's Killer Bread, Canyon Bakehouse, Mrs. Freshley's, and Tastykake.
Executives
R Steve Kinsey officer: EVP & Chief Financial Officer 301 HABERSHAM ROAD, THOMASVILLE GA 31792
Stephanie B Tillman officer: Chief Legal Counsel 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Ryals Mcmullian officer: Chief Strategy Officer 2922 IVANHOE ROAD, TALLAHASSEE FL 32312
Brigitte King director 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Joanne D Smith director C/O DELTA AIR LINES, INC., P.O. BOX 20574, DEPT. 981, ATLANTA GA 30320
H Mark Courtney officer: SVP Sales&Mkt Flowers Bakeries 16 MEANDER TRACE, THOMASVILLE GA 31792
Cindy Cox officer: Chief Human Resources Officer 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Chubb Thomas Caldecot Iii director 999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Melvin T Stith director 1111 BAY AVENUE, SUITE 501, COLUMBUS GA 31901
Thomas L Winters officer: Chief Supply Chain Officer 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
Heeth Iv Varnedoe officer: Chief Transformation Officer 1919 FLOWERS CIRCLE, THOMASVILLE GA 31757
William Jameson Mcfadden director 140 BROADWAY, NEW YORK NY 10005
Brad Cashaw officer: Chief Supply Chain Officer 2711 NORTH HASKELL AVENUE, SUITE 3400, DALLAS TX 75204
Terry S Thomas director 6430 STEFANI DRIVE, DALLAS TX 75225
Casey Edward J. Jr. director 835 HAMILTON STREET, SUITE 150, ALLENTOWN PA 18101

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