Calavo Growers (FRA:XGW) Effective Interest Rate on Debt % : 3.81% (As of Jan. 2024)

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What is Calavo Growers 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. Calavo Growers's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was €3.0 Mil. Calavo Growers's average total debt for the quarter that ended in Jan. 2024 was €79.4 Mil. Therefore, Calavo Growers's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.81%.

Calavo Growers Effective Interest Rate on Debt % Historical Data

The historical data trend for Calavo Growers'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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Calavo Growers Effective Interest Rate on Debt % Chart

Calavo Growers Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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9.02

1.77

0.80

2.12

2.94

Calavo Growers 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															1.97	1.31	3.40	4.14	3.81

Competitive Comparison of Calavo Growers's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Calavo Growers'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.

Calavo Growers's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

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

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

Calavo Growers Effective Interest Rate on Debt % Calculation

Calavo Growers's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -2.363	/	( (67.28	+	93.557)	/ 2 )
=	-1 * -2.363	/	80.4185
=	2.94 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.654	+	8.626
=	67.28

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.738	+	8.819
=	93.557

Calavo Growers'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 * -3.024	/	( (93.557	+	65.24)	/ 2 )
=	-1 * -3.024	/	79.3985
=	3.81 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.738	+	8.819
=	93.557

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.456	+	4.784
=	65.24

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.

Calavo Growers (FRA:XGW) Effective Interest Rate on Debt % Explanation

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

Calavo Growers Effective Interest Rate on Debt % Related Terms

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Calavo Growers (FRA:XGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Calavo Growers Inc (FRA:XGW) » Definitions » Effective Interest Rate on Debt %

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CVGW:USA

Address

1141-A Cummings Road, Santa Paula, CA, USA, 93060

Website

http://www.calavo.com

Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. It sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under brand labels, as well as private labels. The company procures avocados from California, Mexico and other growing regions around the world. Calavo is segmented into three segments namely, Fresh products; Calavo Foods; and RFG. The company derives its revenue from its Fresh products segment.

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