East 33 (ASX:E33) Effective Interest Rate on Debt % : 9.22% (As of Dec. 2023)

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What is East 33 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. East 33's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$1.38 Mil. East 33's average total debt for the quarter that ended in Dec. 2023 was A$15.00 Mil. Therefore, East 33's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.22%.

East 33 Effective Interest Rate on Debt % Historical Data

The historical data trend for East 33'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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East 33 Effective Interest Rate on Debt % Chart

East 33 Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

7.36

7.56

East 33 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			4.27	8.18	7.16	8.30	9.22

Competitive Comparison of East 33's Effective Interest Rate on Debt %

For the Farm Products subindustry, East 33'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.

East 33's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, East 33's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where East 33's Effective Interest Rate on Debt % falls into.

East 33 Effective Interest Rate on Debt % Calculation

East 33's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.885	/	( (11.344	+	12.057)	/ 2 )
=	-1 * -0.885	/	11.7005
=	7.56 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.528	+	0.816
=	11.344

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.632	+	10.425
=	12.057

East 33'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 * -1.384	/	( (12.057	+	17.949)	/ 2 )
=	-1 * -1.384	/	15.003
=	9.22 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.632	+	10.425
=	12.057

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.102	+	6.847
=	17.949

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.

East 33 (ASX:E33) Effective Interest Rate on Debt % Explanation

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

East 33 Effective Interest Rate on Debt % Related Terms

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East 33 (ASX:E33) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » East 33 Ltd (ASX:E33) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Point Road, Tuncurry, NSW, AUS, 2428

Website

https://www.east33.sydney

East 33 Ltd operates in the aquaculture and seafood industry. The company produces and supplies rock oysters. The oysters are supplied mainly to restaurants, retailers, food service companies, and wholesalers. It operates into three reportable segments Oyster farming involves the growing and wholesaling of live oysters in Australia; Distribution comprises the wholesale and retail distribution of oysters in Australia; and Sundry units involved in selling liquor to retail customers, provision restaurant services, online sales of oysters and complimentary products in Australia.

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