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Empire Co (Empire Co) Effective Interest Rate on Debt % : 4.22% (As of Jan. 2024)


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What is Empire Co 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. Empire Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $225 Mil. Empire Co's average total debt for the quarter that ended in Jan. 2024 was $5,332 Mil. Therefore, Empire Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 4.22%.

Empire Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Empire Co'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.

* Premium members only.

Empire Co Effective Interest Rate on Debt % Chart

Empire Co Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 6.70 4.40 4.12 3.75

Empire Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 4.02 4.12 4.17 4.11 4.22

Competitive Comparison of Empire Co's Effective Interest Rate on Debt %

For the Grocery Stores subindustry, Empire Co'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.

Empire Co's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Empire Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Empire Co Effective Interest Rate on Debt % Calculation

Empire Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2022 )+Total Debt  (A: Apr. 2023 ))/ count )
=-1  *  -210.62/( (5909.17+5337.363)/ 2 )
=-1  *  -210.62/5623.2665
=3.75 %

where

Total Debt  (A: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5045.613 + 863.557
=5909.17

Total Debt  (A: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4844.408 + 492.955
=5337.363

Empire Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -225.284/( (5237.529+5427.252)/ 2 )
=-1  *  -225.284/5332.3905
=4.22 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4733.299 + 504.23
=5237.529

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4902.928 + 524.324
=5427.252

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

Empire Co  (OTCPK:EMLAF) Effective Interest Rate on Debt % Explanation

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

Empire Co Effective Interest Rate on Debt % Related Terms

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Empire Co (Empire Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Empire Co Ltd (OTCPK:EMLAF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TSX:NWC TSX:MRU TSX:WN KR TSX:L TSE:3382 XAMS:AD LSE:TSCO ASX:WOW ASX:COL BKK:CPALL XPAR:CA ACI WAR:DNP TPE:2912 LSE:SBRY ISX:AMRT CHDRAUIB IST:BIMAS OHEL:KESKOA
Traded in Other Exchanges
C15:Germany EMP.A:Canada
Address
115 King Street, Stellarton, NS, CAN, B0K 1S0
Website
https://www.empireco.ca
Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire's subsidiary Sobeys and represents nearly all of the company's income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton's Drug Stores, and multiple retail fuel locations. The company's investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.

Empire Co (Empire Co) Headlines

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