Wellnex Life (ASX:WNX) Effective Interest Rate on Debt % : 18.66% (As of Dec. 2023)

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What is Wellnex Life 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. Wellnex Life's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$1.40 Mil. Wellnex Life's average total debt for the quarter that ended in Dec. 2023 was A$7.48 Mil. Therefore, Wellnex Life's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.66%.

Wellnex Life Effective Interest Rate on Debt % Historical Data

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

Wellnex Life Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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1.65

21.89

21.53

11.14

22.72

Wellnex Life Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									8.16	22.27	15.03	32.89	18.66

Competitive Comparison of Wellnex Life's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Wellnex Life'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.

Wellnex Life's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Wellnex Life Effective Interest Rate on Debt % Calculation

Wellnex Life'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 * -1.682	/	( (7.858	+	6.95)	/ 2 )
=	-1 * -1.682	/	7.404
=	22.72 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.386	+	2.472
=	7.858

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.052	+	6.898
=	6.95

Wellnex Life'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 * -1.396	/	( (6.95	+	8.012)	/ 2 )
=	-1 * -1.396	/	7.481
=	18.66 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.052	+	6.898
=	6.95

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.723	+	2.289
=	8.012

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.

Wellnex Life (ASX:WNX) Effective Interest Rate on Debt % Explanation

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

Wellnex Life Effective Interest Rate on Debt % Related Terms

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Wellnex Life (ASX:WNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellnex Life Ltd (ASX:WNX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

22W0:Germany

Address

574 Plummer Street, Building 2, Level 3, Suite 69, Port Melbourne, Melbourne, VIC, AUS, 3207

Website

https://www.wattlehealth.com.au

Wellnex Life Ltd is a health and wellness company which is engaged in developing health and wellness products. It offers products including nutritional food products, natural baby skincare range, and nutritional health supplement range. The company offers its products through brands such as The Iron Company, Mr Bright, Nighty Night and others.

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