Wide Open Agriculture (ASX:WOA) Effective Interest Rate on Debt % : 8.20% (As of Dec. 2023)

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What is Wide Open Agriculture 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. Wide Open Agriculture's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.25 Mil. Wide Open Agriculture's average total debt for the quarter that ended in Dec. 2023 was A$3.02 Mil. Therefore, Wide Open Agriculture's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.20%.

Wide Open Agriculture Effective Interest Rate on Debt % Historical Data

The historical data trend for Wide Open Agriculture'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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Wide Open Agriculture Effective Interest Rate on Debt % Chart

Wide Open Agriculture Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

0.98

4.26

1.91

Wide Open Agriculture Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							-	8.73	4.97	-1.36	8.20

Competitive Comparison of Wide Open Agriculture's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Wide Open Agriculture'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.

Wide Open Agriculture's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Wide Open Agriculture's Effective Interest Rate on Debt % falls into.

Wide Open Agriculture Effective Interest Rate on Debt % Calculation

Wide Open Agriculture'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 * -0.056	/	( (3.159	+	2.712)	/ 2 )
=	-1 * -0.056	/	2.9355
=	1.91 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.581	+	0.578
=	3.159

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.082	+	0.63
=	2.712

Wide Open Agriculture'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 * -0.248	/	( (2.712	+	3.336)	/ 2 )
=	-1 * -0.248	/	3.024
=	8.20 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.082	+	0.63
=	2.712

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.563	+	0.773
=	3.336

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.

Wide Open Agriculture (ASX:WOA) Effective Interest Rate on Debt % Explanation

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

Wide Open Agriculture Effective Interest Rate on Debt % Related Terms

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Wide Open Agriculture (ASX:WOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wide Open Agriculture Ltd (ASX:WOA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2WO:Germany

Address

1 Winton Street, Kewdale, WA, AUS, 6105

Website

https://www.wideopenagriculture.com.au

Wide Open Agriculture Ltd is an Australia-based regenerative food and agriculture company. The company is into the development of its farmland portfolio and its food brand, Dirty Clean Food, Buntine Protein, and Dirty Clean Food Oat Milk. The company generates the majority of its revenues from sales of Dirty Clean Food products.

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