Neptune Wellness Solutions (Neptune Wellness Solutions) Effective Interest Rate on Debt % : 22.40% (As of Dec. 2023)

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What is Neptune Wellness Solutions 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. Neptune Wellness Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6.41 Mil. Neptune Wellness Solutions's average total debt for the quarter that ended in Dec. 2023 was $28.63 Mil. Therefore, Neptune Wellness Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 22.40%.

Neptune Wellness Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Neptune Wellness Solutions'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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Neptune Wellness Solutions Effective Interest Rate on Debt % Chart

Neptune Wellness Solutions Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.99

13.82

10.30

10.70

11.11

Neptune Wellness Solutions 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															30.06	-8.30	27.16	44.86	22.40

Competitive Comparison of Neptune Wellness Solutions's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Neptune Wellness Solutions'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.

Neptune Wellness Solutions's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Neptune Wellness Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Neptune Wellness Solutions's Effective Interest Rate on Debt % falls into.

Neptune Wellness Solutions Effective Interest Rate on Debt % Calculation

Neptune Wellness Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -2.203	/	( (14.354	+	25.309)	/ 2 )
=	-1 * -2.203	/	19.8315
=	11.11 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.712	+	0.642
=	14.354

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.431	+	7.878
=	25.309

Neptune Wellness Solutions'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 * -6.412	/	( (29.121	+	28.14)	/ 2 )
=	-1 * -6.412	/	28.6305
=	22.40 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.572	+	10.549
=	29.121

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.816	+	26.324
=	28.14

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.

Neptune Wellness Solutions (OTCPK:NEPTF) Effective Interest Rate on Debt % Explanation

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

Neptune Wellness Solutions Effective Interest Rate on Debt % Related Terms

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Neptune Wellness Solutions (Neptune Wellness Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Neptune Wellness Solutions Inc (OTCPK:NEPTF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

NTU:Germany NTU:Germany

Address

545 Promenade du Centropolis, Suite 100, Laval, QC, CAN, H7T 0A3

Website

https://www.neptunecorp.com

Neptune Wellness Solutions Inc is a consumer-packaged goods company that aims to innovate health and wellness products. It focuses on developing a portfolio of high-quality, affordable consumer products that align with the latest market trends for natural, sustainable, plant-based and purpose-driven lifestyle brands. The company's products are available in more than 27,000 retail locations and include well-known organic food and beverage brands such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. With its efficient and adaptable manufacturing and supply chain infrastructure, the company can quickly respond to consumer demand, and introduce new products through retail partners and e-commerce channels.

Executives

Neptune Securities Settlement Fund	10 percent owner	C/O POMERANTZ LLP, 10 S. LASALLE ST., SUITE 3505, CHICAGO IL 60603
Raymond Silcock	officer: Chief Financial Officer	399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Philip H Sanford	director	C/O CHATTEM INC, 1715 WEST 38TH STREET, CHATTANOOGA TN 37409
John Wirt	officer: See Remarks	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Michael Cammarata	director, officer: See Remarks	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Randy Weaver	officer: Chief Financial Officer	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Jessica Adkins	officer: See Remarks	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Cecil Demorris Brown	officer: See Remarks	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Joseph Buaron	director	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Julie Phillips	director	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Ronald Denis	director	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Emily Fletty	officer: See Remarks	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Geus Michael De	director	100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Blumont Capital Corp	10 percent owner	70 UNIVERSITY AVENUE, SUITE 1200, TORONTO A6 M5J 2M4