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Mama`s Creations (Mama`s Creations) Effective Interest Rate on Debt % : 2.06% (As of Jan. 2024)


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What is Mama`s Creations 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. Mama`s Creations's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.3 Mil. Mama`s Creations's average total debt for the quarter that ended in Jan. 2024 was $13.8 Mil. Therefore, Mama`s Creations's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 2.06%.


Mama`s Creations Effective Interest Rate on Debt % Historical Data

The historical data trend for Mama`s Creations'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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Mama`s Creations Effective Interest Rate on Debt % Chart

Mama`s Creations Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.29 3.89 0.87 4.61 4.38

Mama`s Creations 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 5.79 5.76 5.41 3.50 2.06

Competitive Comparison of Mama`s Creations's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Mama`s Creations'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.


Mama`s Creations's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Mama`s Creations's Effective Interest Rate on Debt % falls into.



Mama`s Creations Effective Interest Rate on Debt % Calculation

Mama`s Creations's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2023 )+Total Debt  (A: Jan. 2024 ))/ count )
=-1  *  -0.571/( (13.007+13.095)/ 2 )
=-1  *  -0.571/13.051
=4.38 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.191 + 2.816
=13.007

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.83 + 4.265
=13.095

Mama`s Creations'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  *  -0.284/( (14.454+13.095)/ 2 )
=-1  *  -0.284/13.7745
=2.06 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.197 + 4.257
=14.454

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.83 + 4.265
=13.095

* 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.


Mama`s Creations  (NAS:MAMA) Effective Interest Rate on Debt % Explanation

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


Mama`s Creations Effective Interest Rate on Debt % Related Terms

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Mama`s Creations (Mama`s Creations) Business Description

Traded in Other Exchanges
N/A
Address
25 Branca Road, East Rutherford, NJ, USA, 07073
Mama`s Creations Inc is a marketer and manufacturer of fresh deli-prepared foods, found in over 8,400 grocery, mass, club, and convenience stores nationally. The Company's broad product portfolio, born from a rich history in Italian foods, now consists of a variety of high-quality, fresh, clean, and easy-to-prepare foods to address the needs of both consumers and retailers.
Executives
Matthew Brown director, 10 percent owner, officer: President 454 TILLOU ROAD, SOUTH ORANGE NJ 07079
Shirley Romig director TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Meghan Henson director RADNOR CORPORATE CENTER, BUILDING ONE, SUITE 200, 100 MATSONFORD ROAD, RADNOR PA 19087
Adam Laurance Michaels director, officer: Chief Executive Officer 34 HASTINGS DRIVE, TENAFLY NJ 07670
Anthony Gruber officer: Chief Financial Officer 25 BRANCA ROAD, EAST RUTHERFORD NJ 07073
Haley Patrick Connor director 640 TAYLOR STREET, SUITE 2522, FORT WORTH TX 76102
David Mcguire director 10599 WILSHIRE BLVD. SUITE 307, LOS ANGELES CA 90024
Dean Janeway director, officer: Vice-President 164 SUNSET LANE, MANTOLOKING NJ 08738
Carl T Wolf director, 10 percent owner, officer: Chief Executive Officer 627 INWOOD LANE, SOUTH ORANGE NJ 07079
Steven R. Burns director 635 PROSPECT STREET, MAPLEWOOD NJ 07040
Daniel Joseph Altobello director 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817
Thomas G. Toto director 34 BOURBON STREET, WAYNE NJ 07079
Lewis H Ochs officer: Vice-President of Finance 5102 CHESTERWOOD WAY, SOMERSET NJ 08873
Alfred D'agostino director 133 CUMBERLAND COURT, PARAMUS NJ 07652