iFIT Health & Fitness (iFIT Health & Fitness) Effective Interest Rate on Debt % : 0.00% (As of May. 2020)

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What is iFIT Health & Fitness 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. iFIT Health & Fitness's annualized positive value of Interest Expense for the quarter that ended in May. 2020 was $0 Mil. iFIT Health & Fitness's average total debt for the quarter that ended in May. 2020 was $140 Mil. Therefore, iFIT Health & Fitness's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 was 0.00%.

iFIT Health & Fitness Effective Interest Rate on Debt % Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Effective Interest Rate on Debt % Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Effective Interest Rate on Debt %

11.08

20.89

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Effective Interest Rate on Debt %	-	-	-

Competitive Comparison of iFIT Health & Fitness's Effective Interest Rate on Debt %

For the Leisure subindustry, iFIT Health & Fitness'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.

iFIT Health & Fitness's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, iFIT Health & Fitness's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where iFIT Health & Fitness's Effective Interest Rate on Debt % falls into.

iFIT Health & Fitness Effective Interest Rate on Debt % Calculation

iFIT Health & Fitness's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2020 )	+	Total Debt (A: May. 2021 ))	/ count )
=	-1 * -31.016	/	( (139.842	+	157.133)	/ 2 )
=	-1 * -31.016	/	148.4875
=	20.89 %

where

	Total Debt (A: May. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	139.842	+	0
=	139.842

	Total Debt (A: May. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	157.133	+	0
=	157.133

iFIT Health & Fitness's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2019 )	+	Total Debt (Q: May. 2020 ))	/ count )
=	-1 * 0	/	( (0	+	139.842)	/ 1 )
=	-1 * 0	/	139.842
=	0.00 %

where

	Total Debt (Q: May. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: May. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	139.842	+	0
=	139.842

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 (May. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

iFIT Health & Fitness (NAS:IFIT) Effective Interest Rate on Debt % Explanation

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

iFIT Health & Fitness Effective Interest Rate on Debt % Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.