Beyond Meat (STU:0Q3) Effective Interest Rate on Debt % : 0.32% (As of Dec. 2023)

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What is Beyond Meat 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. Beyond Meat's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €3.6 Mil. Beyond Meat's average total debt for the quarter that ended in Dec. 2023 was €1,127.9 Mil. Therefore, Beyond Meat's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.32%.

Beyond Meat Effective Interest Rate on Debt % Historical Data

The historical data trend for Beyond Meat'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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Beyond Meat Effective Interest Rate on Debt % Chart

Beyond Meat Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.02

6.93

0.61

0.35

0.32

Beyond Meat 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															0.26	0.33	0.33	0.33	0.32

Competitive Comparison of Beyond Meat's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Beyond Meat'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.

Beyond Meat's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Beyond Meat Effective Interest Rate on Debt % Calculation

Beyond Meat'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 * -3.627	/	( (1126.894	+	1116.118)	/ 2 )
=	-1 * -3.627	/	1121.506
=	0.32 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1123.295	+	3.599
=	1126.894

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1112.746	+	3.372
=	1116.118

Beyond Meat'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 * -3.624	/	( (1139.71	+	1116.118)	/ 2 )
=	-1 * -3.624	/	1127.914
=	0.32 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1136.821	+	2.889
=	1139.71

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1112.746	+	3.372
=	1116.118

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.

Beyond Meat (STU:0Q3) Effective Interest Rate on Debt % Explanation

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

Beyond Meat Effective Interest Rate on Debt % Related Terms

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Beyond Meat (STU:0Q3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Meat Inc (STU:0Q3) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BYND:USA BYND:Mexico 1BYND:Italy 0Q3:Germany B2YN34:Brazil BYND:Austria

Address

119 Standard Street, El Segundo, CA, USA, 90245

Website

https://www.beyondmeat.com

Beyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.

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