FIFG (First Foods Group) Effective Interest Rate on Debt %: 7.08% (As of Sep. 2023)


What is First Foods Group Effective Interest Rate on Debt %?

First Foods Group FIFG -99.50% Effective Interest Rate on Debt % is 7.08% as of Sep. 2023.

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. First Foods Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.19 Mil. First Foods Group's average total debt for the quarter that ended in Sep. 2023 was $2.65 Mil. Therefore, First Foods Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.08%.

First Foods Group  (OTCPK:FIFG) Effective Interest Rate on Debt % Explanation

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

First Foods Group Effective Interest Rate on Debt % Related Terms

First Foods Group Effective Interest Rate on Debt % Historical Data

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The historical data trend for First Foods Group'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.

First Foods Group Effective Interest Rate on Debt % Chart

First Foods Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 10.43 23.29 41.62 31.36 13.12

First Foods Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 8.68 8.13 8.06 4.60 7.08

FIFG vs BLIS, JFIL, FRTG: Effective Interest Rate on Debt % Comparison

For the Specialty Business Services subindustry, First Foods Group'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.

First Foods Group Effective Interest Rate on Debt % vs Business Services Industry

For the Business Services industry and Industrials sector, First Foods Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where First Foods Group's Effective Interest Rate on Debt % falls into.


First Foods Group Effective Interest Rate on Debt % Calculation

First Foods Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.301/( (2.089+2.498)/ 2 )
=-1  *  -0.301/2.2935
=13.12 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.26 + 1.829
=2.089

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.179 + 2.319
=2.498

First Foods Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.188/( (2.652+2.657)/ 2 )
=-1  *  -0.188/2.6545
=7.08 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.15 + 2.502
=2.652

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.15 + 2.507
=2.657

* 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. 2023) 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 7.08% mean?
First Foods Group (FIFG) has a Effective Interest Rate on Debt % of 7.08% as of Sep. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on First Foods Group and its competitors.
Is First Foods Group's Effective Interest Rate on Debt % too high?
First Foods Group's current Effective Interest Rate on Debt % is 7.08%.
How does First Foods Group's Effective Interest Rate on Debt % compare to BLIS and JFIL?
First Foods Group's Effective Interest Rate on Debt % of 7.08% can be compared against companies in the Business Services 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 Business Services company?
A good Effective Interest Rate on Debt % depends on the Business Services 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 First Foods Group and its competitors. First Foods Group's current Effective Interest Rate on Debt % is 7.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Foods Group stock overvalued right now?
First Foods Group (FIFG) has a current Effective Interest Rate on Debt % of 7.08%. The current Effective Interest Rate on Debt % is 7.08%. 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 First Foods Group (FIFG), the current Effective Interest Rate on Debt % is 7.08% as of Sep. 2023. 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.

First Foods Group Business Description

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014
First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.