JOEY (Joey New York) Effective Interest Rate on Debt %: 122.29% (As of May. 2017)


What is Joey New York Effective Interest Rate on Debt %?

Joey New York JOEY Effective Interest Rate on Debt % is 122.29% as of May. 2017.

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. Joey New York's annualized positive value of Interest Expense for the quarter that ended in May. 2017 was $3.91 Mil. Joey New York's average total debt for the quarter that ended in May. 2017 was $3.20 Mil. Therefore, Joey New York's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2017 was 122.29%.

Joey New York  (OTCPK:JOEY) Effective Interest Rate on Debt % Explanation

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

Joey New York Effective Interest Rate on Debt % Related Terms

Joey New York Effective Interest Rate on Debt % Historical Data

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The historical data trend for Joey New York'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.

Joey New York Effective Interest Rate on Debt % Chart

Joey New York Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 0.00 5.47 5.75 0.00

Joey New York Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17
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 5.87 6.13 5.55 0.00 122.29

JOEY vs DEVV, SKVI, TISUQ: Effective Interest Rate on Debt % Comparison

For the Household & Personal Products subindustry, Joey New York'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.

Joey New York Effective Interest Rate on Debt % vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Joey New York's Effective Interest Rate on Debt % falls into.


Joey New York Effective Interest Rate on Debt % Calculation

Joey New York's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2016 )+Total Debt  (A: Feb. 2017 ))/ count )
=-1  *  0/( (3+3.137)/ 2 )
=-1  *  0/3.0685
=0.00 %

where

Total Debt  (A: Feb. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 3
=3

Total Debt  (A: Feb. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.137 + 3
=3.137

Joey New York's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2017 )+Total Debt  (Q: May. 2017 ))/ count )
=-1  *  -3.912/( (3.137+3.261)/ 2 )
=-1  *  -3.912/3.199
=122.29 %

where

Total Debt  (Q: Feb. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.137 + 3
=3.137

Total Debt  (Q: May. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.011 + 3.25
=3.261

* 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 (May. 2017) 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 122.29% mean?
Joey New York (JOEY) has a Effective Interest Rate on Debt % of 122.29% as of May. 2017. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Joey New York and its competitors.
Is Joey New York's Effective Interest Rate on Debt % too high?
Joey New York's current Effective Interest Rate on Debt % is 122.29%.
How does Joey New York's Effective Interest Rate on Debt % compare to DEVV and SKVI?
Joey New York's Effective Interest Rate on Debt % of 122.29% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Effective Interest Rate on Debt % depends on the Consumer Packaged Goods 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 Joey New York and its competitors. Joey New York's current Effective Interest Rate on Debt % is 122.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joey New York stock overvalued right now?
Joey New York (JOEY) has a current Effective Interest Rate on Debt % of 122.29%. The current Effective Interest Rate on Debt % is 122.29%. 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 Joey New York (JOEY), the current Effective Interest Rate on Debt % is 122.29% as of May. 2017. 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.

Joey New York Business Description

Address 16001 Collins Avenue Number 3202, Trump Tower I, Sunny Isles Beach, FL, USA, 33160
Joey New York Inc through its wholly-owned subsidiary distributes natural skincare and beauty products on wholesale and retail levels. It offers skincare treatments and beauty enhancements that are health conscious, effective and affordable under the Joey New York brand name. Geographically, it operates through the United States and its business is amplifying internationally due to the Increasing demand for organic and natural cosmetic products.