Biome Australia (ASX:BIO) Effective Interest Rate on Debt % : 11.50% (As of Jun. 2024)

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What is Biome Australia 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. Biome Australia's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$0.16 Mil. Biome Australia's average total debt for the quarter that ended in Jun. 2024 was A$1.37 Mil. Therefore, Biome Australia's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 11.50%.

Biome Australia Effective Interest Rate on Debt % Historical Data

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

Biome Australia Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

12.41

11.66

12.28

Biome Australia Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.92	6.74	20.14	10.78	11.50

Competitive Comparison of Biome Australia's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Biome Australia'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.

Biome Australia's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Biome Australia Effective Interest Rate on Debt % Calculation

Biome Australia's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -0.15	/	( (1.146	+	1.297)	/ 2 )
=	-1 * -0.15	/	1.2215
=	12.28 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.921	+	0.225
=	1.146

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.168	+	1.129
=	1.297

Biome Australia's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.158	/	( (1.451	+	1.297)	/ 2 )
=	-1 * -0.158	/	1.374
=	11.50 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.3	+	1.151
=	1.451

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.168	+	1.129
=	1.297

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Biome Australia (ASX:BIO) Effective Interest Rate on Debt % Explanation

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

Biome Australia Effective Interest Rate on Debt % Related Terms

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Biome Australia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Biome Australia Ltd (ASX:BIO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-194 Johnston Street, Collingwood, VIC, AUS, 3066

Website

https://www.biomeaustralia.com

Biome Australia Ltd licences, develops, and markets evidence-based, complementary medicines, including nutraceuticals food-based vitamins and weight management products and live biotherapeutics. The firm owns brands namely; Activated Nutrients: a range of completely organic, plant-based, all-in-one nutritional products; Activated Probiotics: a first-of-its-kind range of clinically-backed precision probiotics. The company has one operating segment: researching, developing, manufacturing and distributing innovative evidence-based products linking the gut and human health. Domestically it caters to Australia and In international markets, the Group distributes and markets its Activated Probiotics range in the United Kingdom and New Zealand through independent health practitioners.