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Agrify (Agrify) Effective Interest Rate on Debt % : 5.05% (As of Dec. 2023)


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What is Agrify 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. Agrify's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.16 Mil. Agrify's average total debt for the quarter that ended in Dec. 2023 was $23.05 Mil. Therefore, Agrify's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.05%.


Agrify Effective Interest Rate on Debt % Historical Data

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

Agrify Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 3.57 - 50.74 6.74

Agrify Quarterly Data
Dec18 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 16.49 10.81 6.31 6.29 5.05

Competitive Comparison of Agrify's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Agrify'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.


Agrify's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Agrify's Effective Interest Rate on Debt % distribution charts can be found below:

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



Agrify Effective Interest Rate on Debt % Calculation

Agrify'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  *  -1.853/( (31.713+23.25)/ 2 )
=-1  *  -1.853/27.4815
=6.74 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.994 + 29.719
=31.713

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.441 + 5.809
=23.25

Agrify'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  *  -1.164/( (22.857+23.25)/ 2 )
=-1  *  -1.164/23.0535
=5.05 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.548 + 2.309
=22.857

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.441 + 5.809
=23.25

* 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.


Agrify  (NAS:AGFY) Effective Interest Rate on Debt % Explanation

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


Agrify Effective Interest Rate on Debt % Related Terms

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Agrify (Agrify) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2468 Industrial Row Drive, Troy, MI, USA, 48084
Agrify Corp provides hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for cultivation, extraction, post-processing, and testing for the cannabis and hemp industry. The products offered by the company include Integrated Grow Racks, LED Grow Lights, Hydroponics, and Vertical Farming Units.
Executives
Brian Towns officer: EVP - Extraction Division 76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Raymond Nobu Chang director, 10 percent owner, officer: CEO & Chairman of the BOD C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Guichao Hua director C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Timothy John Hayden officer: Chief Revenue Officer 76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Christopher J Benyo officer: Chief Revenue Officer 76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Max Holtzman director 76 TREBLE COVE ROAD BUILDING 3, BILLERICA MA 01862
Steve Drucker officer: Chief Information Officer 76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
David Aaron Kessler officer: Chief Scientific Officer 76 TREBLE COVE RD., BUILDING 3, BILLERICA MA 01862
Leonard J Sokolow director REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Stuart Anthony Wilcox director 1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 10178
Timothy Mahoney director
Niv Krikov officer: Chief Financial Officer 15 YOSEF KRONENBERG ST., REHOVOT L3 76662
Timothy Oakes director 20 HARVARD MILL SQUARE, WAKEFIELD MA 01880
Robert Reed Harrison officer: Chief Operating Officer C/O AGRIFY CORPORATION, 101 MIDDLESEX TURNPIKE, SUITE 6, PMB 326, BURLINGTON MA 01803
Thomas L Massie director 130 NEW BOSTON STREET, WOBURN MA 01801