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. Remy Cointreau's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $25 Mil. Remy Cointreau's average total debt for the quarter that ended in Sep. 2023 was $790 Mil. Therefore, Remy Cointreau's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 3.19%.
Remy Cointreau Effective Interest Rate on Debt % Historical Data
The historical data trend for Remy Cointreau'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.
For the Beverages - Wineries & Distilleries subindustry, Remy Cointreau'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.
Remy Cointreau Effective Interest Rate on Debt % Distribution
For the Beverages - Alcoholic industry and Consumer Defensive sector, Remy Cointreau's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Remy Cointreau's Effective Interest Rate on Debt % falls into.
Remy Cointreau Effective Interest Rate on Debt % Calculation
Remy Cointreau's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as
* 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 two times the semi-annual (Sep. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Remy Cointreau (OTCPK:REMYF) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Remy Cointreau Effective Interest Rate on Debt % Related Terms
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Remy Cointreau (Remy Cointreau) Business Description
Remy Cointreau is the world's second-largest distiller of cognac by volume, with a 15.8% global volume share in 2022, according to Euromonitor. Cognac represented 72% of Remy's sales and 90% of EBIT in the same year. The remainder of Remy's portfolio is made up of much smaller group-owned brands, including Cointreau orange liqueur, Metaxa Greek spirit, Mount Gay rum, Bruichladdich single malt scotch, The Botanist gin, Hautes Glaces French whiskey, and Westland American whiskey. The company also distributes third-party brands and in 2023 entered the fragrance business. Remy is controlled by the Andromede family, which owns 41% equity interest and consolidates the business in the Andromede Group. The Cointreau family owns a further 27%, and 41% of the equity is free float.
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