Cult Food Science (FRA:LN00) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is Cult Food Science 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. Cult Food Science's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €0.00 Mil. Cult Food Science's average total debt for the quarter that ended in Sep. 2024 was €0.00 Mil. Therefore, Cult Food Science's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was N/A%.

Cult Food Science Effective Interest Rate on Debt % Historical Data

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

Cult Food Science Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

7.69

Cult Food Science Quarterly Data
	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														-	-	13.56	-	-

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

For the Packaged Foods subindustry, Cult Food Science'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.

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

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

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

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Cult Food Science Effective Interest Rate on Debt % Calculation

Cult Food Science'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	/	( (0	+	0.029)	/ 1 )
=	-1 * 0	/	0.029
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.029
=	0.029

Cult Food Science'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 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Cult Food Science (FRA:LN00) Effective Interest Rate on Debt % Explanation

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

Cult Food Science Effective Interest Rate on Debt % Related Terms

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Cult Food Science Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cult Food Science Corp (FRA:LN00) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CULTF:USA LN00:Germany CULT:Canada

Address

82 Richmond St. E, Toronto, ON, CAN, M5C 1P1

Website

https://www.cultfoodscience.com

Cult Food Science Corp is an investment issuer with an investment platform focused on clean, lab-grown food that is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the factory farming and aquaculture crisis.

Cult Food Science Headlines

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