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Natural Grocers by Vitamin Cottage (Natural Grocers by Vitamin Cottage) Effective Interest Rate on Debt % : 1.26% (As of Mar. 2024)


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What is Natural Grocers by Vitamin Cottage 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. Natural Grocers by Vitamin Cottage's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $5 Mil. Natural Grocers by Vitamin Cottage's average total debt for the quarter that ended in Mar. 2024 was $375 Mil. Therefore, Natural Grocers by Vitamin Cottage's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.26%.


Natural Grocers by Vitamin Cottage Effective Interest Rate on Debt % Historical Data

The historical data trend for Natural Grocers by Vitamin Cottage'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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Natural Grocers by Vitamin Cottage Effective Interest Rate on Debt % Chart

Natural Grocers by Vitamin Cottage Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.80 0.89 0.57 0.60 0.86

Natural Grocers by Vitamin Cottage Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.88 0.90 0.88 0.95 1.26

Competitive Comparison of Natural Grocers by Vitamin Cottage's Effective Interest Rate on Debt %

For the Grocery Stores subindustry, Natural Grocers by Vitamin Cottage'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.


Natural Grocers by Vitamin Cottage's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Natural Grocers by Vitamin Cottage's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Natural Grocers by Vitamin Cottage's Effective Interest Rate on Debt % falls into.



Natural Grocers by Vitamin Cottage Effective Interest Rate on Debt % Calculation

Natural Grocers by Vitamin Cottage's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -3.299/( (393.374+370.178)/ 2 )
=-1  *  -3.299/381.776
=0.86 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=353.666 + 39.708
=393.374

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=329.888 + 40.29
=370.178

Natural Grocers by Vitamin Cottage's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -4.708/( (381.725+367.32)/ 2 )
=-1  *  -4.708/374.5225
=1.26 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=336.435 + 45.29
=381.725

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=323.913 + 43.407
=367.32

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


Natural Grocers by Vitamin Cottage  (NYSE:NGVC) Effective Interest Rate on Debt % Explanation

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


Natural Grocers by Vitamin Cottage Effective Interest Rate on Debt % Related Terms

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Natural Grocers by Vitamin Cottage (Natural Grocers by Vitamin Cottage) Business Description

Traded in Other Exchanges
Address
12612 West Alameda Parkway, Lakewood, CO, USA, 80228
Natural Grocers by Vitamin Cottage Inc operates natural and organic grocery and dietary supplement stores. It offers the following product categories, natural and organic food, dietary supplements, natural body care, household, pet care products, books and handouts. The company generates the majority of its revenue from grocery products and dietary supplements and rest from other products.
Executives
Todd Dissinger officer: Chief Financial Officer C/O NATURAL GROCERS BY VITAMIN COTTAGE, 12612 W. ALAMEDA PKWY., LAKEWOOD CO 80228
Dyami Isely-parvanta other: 13D Group Member 12612 WEST ALAMEDA PKWY., LAKEWOOD CO 80228
Zephyr Isely 2012 Irrevocable Family Trust other: 13D Group Member PO BOX 260169, LAKEWOOD CO 80226-0169
Elizabeth Isely 2012 Irrevocable Family Trust other: 13D Group Member PO BOX 260169, LAKEWOOD CO 80226-0169
Kemper & Virginia Isely 2012 Irrevocable Family Trust other: 13D Group Member PO BOX 260169, LAKEWOOD CO 80226-0169
Heather C. Isely 2012 Irrevocable Family Trust other: 13D Group Member PO BOX 260169, LAKEWOOD CO 80226-0169
Robert Linnane other: 13D Group Member 12612 WEST ALAMEDA PARKWAY, LAKEWOOD CO 80228
Charles Isely-rice other: 13D Group Member 12612 WEST ALAMEDA PKWY, LAKEWOOD CO 80228
David C. Rooney director 12612 W. ALAMEDA PKWY., LAKEWOOD CO 80228
Ritchie K. Isely other: 13D Group Member 12612 WEST ALAMEDA PARKWAY, LAKEWOOD CO 80228
Masala Isely-rice other: 13D Group Member 12612 WEST ALAMEDA PARKWAY, LAKEWOOD CO 80228
Charity Isely other: 13D Group Member 12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228
Sandra Buffa officer: Chief Financial Officer 12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228
Elizabeth Isely director, officer: Executive Vice President 12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228
Kemper Isely director, officer: Chairman & Co-President 12612 W. ALAMEDA PARKWAY, LAKEWOOD CO 80228