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Amergent Hospitality Group (Amergent Hospitality Group) Effective Interest Rate on Debt % : 4.60% (As of Dec. 2022)


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What is Amergent Hospitality Group 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. Amergent Hospitality Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.98 Mil. Amergent Hospitality Group's average total debt for the quarter that ended in Dec. 2022 was $21.30 Mil. Therefore, Amergent Hospitality Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 4.60%.


Amergent Hospitality Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Amergent Hospitality Group'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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Amergent Hospitality Group Effective Interest Rate on Debt % Chart

Amergent Hospitality Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
2.77 2.98 2.94 4.22

Amergent Hospitality Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 2.95 3.15 3.72 3.88 4.60

Competitive Comparison of Amergent Hospitality Group's Effective Interest Rate on Debt %

For the Restaurants subindustry, Amergent Hospitality Group'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.


Amergent Hospitality Group's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Amergent Hospitality Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Amergent Hospitality Group Effective Interest Rate on Debt % Calculation

Amergent Hospitality Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.886/( (23.1+18.927)/ 2 )
=-1  *  -0.886/21.0135
=4.22 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.237 + 7.863
=23.1

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.203 + 8.724
=18.927

Amergent Hospitality Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -0.98/( (23.682+18.927)/ 2 )
=-1  *  -0.98/21.3045
=4.60 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.984 + 7.698
=23.682

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.203 + 8.724
=18.927

* 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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Amergent Hospitality Group  (OTCPK:AMHG) Effective Interest Rate on Debt % Explanation

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


Amergent Hospitality Group Effective Interest Rate on Debt % Related Terms

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Amergent Hospitality Group (Amergent Hospitality Group) Business Description

Traded in Other Exchanges
N/A
Address
7529 Red Oak Lane, Charlotte, NC, USA, 28226
Amergent Hospitality Group Inc owns, operates, and franchises restaurant brands. It generates the majority of its revenue from Restaurant sales, followed by Gaming and Franchise income. The company operates only in the United States.
Executives
Mark Anthony Whittle officer: INTERIM PRESIDENT 1481 N HWY 113, CARROLLTON GA 30117
Michael D Pruitt director, officer: CHIEF EXECUTIVE OFFICER 11220 ELM LANE, SUITE 203, CHARLOTTE NC 28277
Frederick L Glick director, officer: PRESIDENT 7621 LITTLE AVE STE 414, CHARLOTTE NC 28226
Stephen J Hoelscher officer: CFO 515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Robert Sumner Hersch 10 percent owner 515 CONGRESS AVE, STE 1400, AUSTIN TX 78701
Mv Amanth Llc 10 percent owner 515 CONGRESS AVE, STE 1400, AUSTIN TX 78701-3516
Oz Rey Llc 10 percent owner 918 CONGRESS AVENUE, SUITE 100, AUSTIN TX 78701
Keith J Johnson director 56 REDBAY ROAD, ELGIN SC 29045
J Eric Wagoner director C/O ALLIANCE BANKSHARES CORPORATION, 14200 PARK MEADOW DRIVE, SUITE 200 SOUTH, CHANTILLY VA 20151
Neil G Kiefer director 7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Patrick Clay Harkleroad officer: CHIEF FINANCIAL OFFICER 7621 LITTLE AVE, SUITE 414, CHARLOTTE NC 28226

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