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Branchout Food (Branchout Food) Effective Interest Rate on Debt % : 26.45% (As of Mar. 2024)


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What is Branchout Food 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. Branchout Food's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.12 Mil. Branchout Food's average total debt for the quarter that ended in Mar. 2024 was $0.44 Mil. Therefore, Branchout Food's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 26.45%.


Branchout Food Effective Interest Rate on Debt % Historical Data

The historical data trend for Branchout Food'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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Branchout Food Effective Interest Rate on Debt % Chart

Branchout Food Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
10.54 24.26 40.65 11.15

Branchout Food Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.91 20.91 9.79 31.22 26.45

Competitive Comparison of Branchout Food's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Branchout Food'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.


Branchout Food's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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



Branchout Food Effective Interest Rate on Debt % Calculation

Branchout Food'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  *  -0.435/( (7.436+0.367)/ 2 )
=-1  *  -0.435/3.9015
=11.15 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.035 + 7.401
=7.436

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.136 + 0.231
=0.367

Branchout Food's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.116/( (0.367+0.51)/ 2 )
=-1  *  -0.116/0.4385
=26.45 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.136 + 0.231
=0.367

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.127 + 0.383
=0.51

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Branchout Food  (NAS:BOF) Effective Interest Rate on Debt % Explanation

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


Branchout Food Effective Interest Rate on Debt % Related Terms

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Branchout Food (Branchout Food) Business Description

Traded in Other Exchanges
N/A
Address
205 SE Davis Avenue, Suite C, Bend, OR, USA, 97702
Branchout Food inc is an international food-tech company delivering truly extraordinary natural snacks and real superfood ingredients enabled by Its new, licensed dehydration technology. BranchOut licensed the rights to a new dehydration technology designed for drying and processing sensitive fruits and vegetables such as avocados, bananas and others. Its products include BranchOut Snacks, BranchOut Powders and BranchOut Industrial Ingredients.
Executives
John Dalfonsi director 205 SE DAVIS AVE, SUITE C, BEND OR 97702
Eric Healy director, officer: CEO 205 SE DAVIS AVE, SUITE C, BEND OR 97702
David Richard Israel director 205 SE DAVIS AVE, SUITE C, BEND OR 97702
Greg Somerville director 205 SE DAVIS AVE, SUITE C, BEND OR 97702