DNMR (Danimer Scientific) Effective Interest Rate on Debt %: 9.26% (As of Sep. 2024)


DNMR Danimer Scientific Inc DNMR
12 GF Score
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What is Danimer Scientific Effective Interest Rate on Debt %?

Danimer Scientific DNMR 12 Effective Interest Rate on Debt % is 9.26% as of Sep. 2024. GuruFocus rates DNMR with a GF Score™ of 12/100.

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. Danimer Scientific's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $38.52 Mil. Danimer Scientific's average total debt for the quarter that ended in Sep. 2024 was $416.05 Mil. Therefore, Danimer Scientific's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 9.26%.


Danimer Scientific  (OTCPK:DNMR) Effective Interest Rate on Debt % Explanation

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


Danimer Scientific Effective Interest Rate on Debt % Related Terms


Danimer Scientific Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Danimer Scientific'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.

Danimer Scientific Effective Interest Rate on Debt % Chart

Danimer Scientific Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
3.04 1.53 0.41 0.57 8.21

Danimer Scientific Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.50 8.37 8.64 8.75 9.26

DNMR vs HGAS, BON, CNEY: Effective Interest Rate on Debt % Comparison

For the Specialty Chemicals subindustry, Danimer Scientific'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.


Danimer Scientific Effective Interest Rate on Debt % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Danimer Scientific's Effective Interest Rate on Debt % distribution charts can be found below:

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


DNMR
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Danimer Scientific Inc DNMR
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Danimer Scientific Effective Interest Rate on Debt % Calculation

Danimer Scientific'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  *  -29.641/( (313.821+408.068)/ 2 )
=-1  *  -29.641/360.9445
=8.21 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=308.512 + 5.309
=313.821

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=403.363 + 4.705
=408.068

Danimer Scientific's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -38.524/( (419.07+413.037)/ 2 )
=-1  *  -38.524/416.0535
=9.26 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=408.371 + 10.699
=419.07

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=403.292 + 9.745
=413.037

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

What does a Effective Interest Rate on Debt % of 9.26% mean?
Danimer Scientific (DNMR) has a Effective Interest Rate on Debt % of 9.26% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Danimer Scientific and its competitors.
Is Danimer Scientific's Effective Interest Rate on Debt % too high?
Danimer Scientific's current Effective Interest Rate on Debt % is 9.26%. Overall, Danimer Scientific has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Danimer Scientific's Effective Interest Rate on Debt % compare to HGAS and BON?
Danimer Scientific's Effective Interest Rate on Debt % of 9.26% can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Chemicals company?
A good Effective Interest Rate on Debt % depends on the Chemicals industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Danimer Scientific and its competitors. Danimer Scientific's current Effective Interest Rate on Debt % is 9.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danimer Scientific stock overvalued right now?
Danimer Scientific (DNMR) has a current Effective Interest Rate on Debt % of 9.26%. The current Effective Interest Rate on Debt % is 9.26%. Danimer Scientific's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Danimer Scientific (DNMR), the current Effective Interest Rate on Debt % is 9.26% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Danimer Scientific Business Description

Address 140 Industrial Boulevard, Bainbridge, GA, USA, 39817
Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. Geographically, the company generates a majority of its revenue from the United States and the rest from Germany, Poland, Belgium, and other regions.
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