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Vinco Ventures (Vinco Ventures) Effective Interest Rate on Debt % : 24.77% (As of Sep. 2022)


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What is Vinco Ventures 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. Vinco Ventures's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $17.24 Mil. Vinco Ventures's average total debt for the quarter that ended in Sep. 2022 was $69.62 Mil. Therefore, Vinco Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 24.77%.


Vinco Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Vinco Ventures'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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Vinco Ventures Effective Interest Rate on Debt % Chart

Vinco Ventures Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.13 12.04 21.12 44.89 263.50

Vinco Ventures Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 578.74 309.01 157.13 70.43 24.77

Competitive Comparison of Vinco Ventures's Effective Interest Rate on Debt %

For the Leisure subindustry, Vinco Ventures'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.


Vinco Ventures's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Vinco Ventures's Effective Interest Rate on Debt % distribution charts can be found below:

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



Vinco Ventures Effective Interest Rate on Debt % Calculation

Vinco Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -72.784/( (8.086+47.159)/ 2 )
=-1  *  -72.784/27.6225
=263.50 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.22 + 4.866
=8.086

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.692 + 44.467
=47.159

Vinco Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Sep. 2022 ))/ count )
=-1  *  -17.244/( (115.948+23.297)/ 2 )
=-1  *  -17.244/69.6225
=24.77 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=52.699 + 63.249
=115.948

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.009 + 20.288
=23.297

* 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.

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 four times the quarterly (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Vinco Ventures  (OTCPK:BBIG) Effective Interest Rate on Debt % Explanation

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


Vinco Ventures Effective Interest Rate on Debt % Related Terms

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Vinco Ventures (Vinco Ventures) Business Description

Traded in Other Exchanges
N/A
Address
6 North Main Street, Fairport, NY, USA, 14450
Vinco Ventures Incis a vertically-integrated, end-to-end, consumer product research and development, manufacturing, sales and fulfillment company. It offers kitchenware, small appliances, toys, pet care, baby products, health and beauty aids, entertainment venue merchandise, and housewares to retailers, mass-market retailers, and e-commerce sites; and personal protective equipment to governmental agencies, hospitals, and distributors. The company also offers Lomotif app that allows its users to create their own music videos; Cortex, a real-time analytics for marketing spend and revenue optimization; and delivers ad-campaign creation, optimalization, and monetization at scale.
Executives
James Robertson officer: Chief Executive Officer 24 ASPEN PARK BLVD, EAST SYRACUSE NY 13057
Christopher Vincent Polimeni officer: Chief Financial Officer 24 ASPEN PARK BLVD., EAST SYRACUSE NY 13057
Lisa A. King director 19 CAPSTONE RISE, ROCHESTER NY 14625
Richard Levychin director 189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201
Phillip Anthony Mcfillin other: Legal counsel 116 KINGS HIGHWAY EAST, SUITE 2A, HADDONFIELD NJ 08033
Kevin J O'donnell director 91 OAKLEIGH LANE, MAITLAND FL 32751
Christopher Ferguson director, 10 percent owner, officer: Chairman and CEO 1866 LEITHSVILLE ROAD, SUITE 223, HALLERTOWN PA 18055
Stuart J. Ferguson 10 percent owner 125 S DELAWARE DR, LOT 6, EASTON PA 18042
Thomas S. Ferguson 10 percent owner 500 FAIRBANKS AVENUE, PHILLIPSBURG NJ 08865
Kevin James Ferguson officer: President and Treasurer 20 INDUSTRIAL ROAD, ALPHA NJ 08865
Toper Taylor director C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Frank D Jennings director 1739 SAILMAKER STREET, CHARLESTON SC 29492
Louis Foreman director 520 ELLIOT STREET, CHARLOTTE NC 28202
Vroman Brett Earl James officer: Chief Financial Officer C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Lelainya D. Ferguson 10 percent owner 1758 RED HAWK WAY, BETHLEHEM PA 10015

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