Candy Club Holdings (ASX:CLB) Effective Interest Rate on Debt % : -16.87% (As of Dec. 2023)

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What is Candy Club Holdings 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. Candy Club Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$-0.01 Mil. Candy Club Holdings's average total debt for the quarter that ended in Dec. 2023 was A$0.08 Mil. Therefore, Candy Club Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -16.87%.

Candy Club Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Candy Club Holdings'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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Candy Club Holdings Effective Interest Rate on Debt % Chart

Candy Club Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

20.61

22.91

25.43

2.36

1.83

Candy Club Holdings Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							17.85	-27.09	2.99	-16.87	-

Competitive Comparison of Candy Club Holdings's Effective Interest Rate on Debt %

For the Confectioners subindustry, Candy Club Holdings'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.

Candy Club Holdings's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Candy Club Holdings Effective Interest Rate on Debt % Calculation

Candy Club Holdings'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 * -0.013	/	( (1.34	+	0.083)	/ 2 )
=	-1 * -0.013	/	0.7115
=	1.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.34
=	1.34

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.083
=	0.083

Candy Club Holdings'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0.014	/	( (0	+	0.083)	/ 1 )
=	-1 * 0.014	/	0.083
=	-16.87 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.083
=	0.083

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Candy Club Holdings (ASX:CLB) Effective Interest Rate on Debt % Explanation

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

Candy Club Holdings Effective Interest Rate on Debt % Related Terms

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Candy Club Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Candy Club Holdings Ltd (ASX:CLB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Kent Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.candyclub.com

Candy Club Holdings Ltd is an Australia-based company. The company has been assessing new project opportunities that would meet ASX re-quotation requirements. The company is organized into one operating segment, being administration services in Australia.