GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sow Good Inc (OTCPK:SOWG) » Definitions » Effective Interest Rate on Debt %

Sow Good (Sow Good) Effective Interest Rate on Debt % : 18.80% (As of Dec. 2023)


View and export this data going back to . Start your Free Trial

What is Sow Good 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. Sow Good's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.96 Mil. Sow Good's average total debt for the quarter that ended in Dec. 2023 was $10.43 Mil. Therefore, Sow Good's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.80%.


Sow Good Effective Interest Rate on Debt % Historical Data

The historical data trend for Sow Good'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.

Sow Good Effective Interest Rate on Debt % Chart

Sow Good Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 22.67 0.26 31.26 21.53

Sow Good 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 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 34.31 35.45 53.24 0.20 18.80

Competitive Comparison of Sow Good's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Sow Good'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.


Sow Good's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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



Sow Good Effective Interest Rate on Debt % Calculation

Sow Good'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  *  -1.84/( (5.251+11.845)/ 2 )
=-1  *  -1.84/8.548
=21.53 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.198 + 0.053
=5.251

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.437 + 3.408
=11.845

Sow Good'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  *  -1.96/( (9.007+11.845)/ 2 )
=-1  *  -1.96/10.426
=18.80 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.918 + 1.089
=9.007

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.437 + 3.408
=11.845

* 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.


Sow Good  (OTCPK:SOWG) Effective Interest Rate on Debt % Explanation

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


Sow Good Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Sow Good's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sow Good (Sow Good) Business Description

Traded in Other Exchanges
N/A
Address
1440 N Union Bower Road, Irving, TX, USA, 75061
Sow Good Inc is engaged in manufacturing and marketing freeze-dried snacks, smoothies, and soups.
Executives
Joe Mueller director 6927 ALTAMONTE DRIVE, ROGERS AR 72758
Ira Goldfarb director, 10 percent owner, officer: Executive Chairman (1) 1918 N. OLIVE ST, DALLAS TX 75201
Brad Berman director, 10 percent owner C/O LAKES ENTERTAINMENT, INC., 130 CHESHIRE LANE, MINNETONKA MN 55305
Claudia Goldfarb director, 10 percent owner, officer: Chief Executive Officer (2) 1918 N. OLIVE STREET, APT. 3302, DALLAS TX 75201
Lyle Berman director, 10 percent owner 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Timothy James Creed director 3418 GOLF CLUB LN., NASHVILLE TN 37215
Brad Burke officer: Interim CFO 4049 PURDUE AVE, DALLAS TX 77225
Chris Ludeman director 6154 PARK LANE, DALLAS TX 75225
Greg Creed director 1441 GARDINER LANE, LOUISVILLE KY 40213
S-fdf, Llc 10 percent owner 1440 N. UNION BOWER RD., IRVIN TX 75061
Benjamin S Oehler director 10275 WAYZATA BLVD. SUITE 100, MINNETONKA MN 55305
Joseph J Lahti director 2975 SOMERSET LANE, LONG LAKE MN 55356
Kenneth Decubellis officer: Chief Executive Officer 10275 WAYZATA BOULEVARD, SUITE 310, MINNETONKA MN 55305
Neil I Sell 10 percent owner 3300 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Michael Eisele officer: Chief Operating Officer 10275 WAYZATA BOULEVARD, MINNETONKA MN 55305