Tuesday Morning (FRA:TDMA) Effective Interest Rate on Debt % : 3.39% (As of Sep. 2022)

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What is Tuesday Morning 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. Tuesday Morning's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was €8.2 Mil. Tuesday Morning's average total debt for the quarter that ended in Sep. 2022 was €241.9 Mil. Therefore, Tuesday Morning's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 3.39%.

Tuesday Morning Effective Interest Rate on Debt % Historical Data

The historical data trend for Tuesday Morning'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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Tuesday Morning Effective Interest Rate on Debt % Chart

Tuesday Morning Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

1.05

2.55

3.00

Tuesday Morning Quarterly Data
	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								2.77	3.13	3.11	2.61	3.39

Competitive Comparison of Tuesday Morning's Effective Interest Rate on Debt %

For the Discount Stores subindustry, Tuesday Morning'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.

Tuesday Morning's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

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

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

Tuesday Morning Effective Interest Rate on Debt % Calculation

Tuesday Morning's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -6.789	/	( (206.875	+	245.35)	/ 2 )
=	-1 * -6.789	/	226.1125
=	3.00 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	161.53	+	45.345
=	206.875

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	195.677	+	49.673
=	245.35

Tuesday Morning's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -8.188	/	( (245.35	+	238.427)	/ 2 )
=	-1 * -8.188	/	241.8885
=	3.39 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	195.677	+	49.673
=	245.35

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	191.257	+	47.17
=	238.427

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tuesday Morning (FRA:TDMA) Effective Interest Rate on Debt % Explanation

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

Tuesday Morning Effective Interest Rate on Debt % Related Terms

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Tuesday Morning (FRA:TDMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tuesday Morning Corp (FRA:TDMA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6250 LBJ Freeway, Dallas, TX, USA, 75240

Website

https://www.tuesdaymorning.com

Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.

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