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KITL (Kisses From Italy) Effective Interest Rate on Debt % : 13.85% (As of Sep. 2024)


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What is Kisses From Italy 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. Kisses From Italy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.10 Mil. Kisses From Italy's average total debt for the quarter that ended in Sep. 2024 was $0.75 Mil. Therefore, Kisses From Italy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 13.85%.


Kisses From Italy Effective Interest Rate on Debt % Historical Data

The historical data trend for Kisses From Italy'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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Kisses From Italy Effective Interest Rate on Debt % Chart

Kisses From Italy Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 226.00 2,621.05 3,631.82 51.85 145.43

Kisses From Italy Quarterly Data
Dec19 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 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 310.86 31.62 14.05 8.95 13.85

Competitive Comparison of Kisses From Italy's Effective Interest Rate on Debt %

For the Restaurants subindustry, Kisses From Italy'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.


Kisses From Italy's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Kisses From Italy's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kisses From Italy's Effective Interest Rate on Debt % falls into.


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Kisses From Italy Effective Interest Rate on Debt % Calculation

Kisses From Italy'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  *  -1.455/( (1.224+0.777)/ 2 )
=-1  *  -1.455/1.0005
=145.43 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.428 + 0.796
=1.224

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.102 + 0.675
=0.777

Kisses From Italy'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  *  -0.104/( (0.76+0.742)/ 2 )
=-1  *  -0.104/0.751
=13.85 %

where

* 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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Kisses From Italy  (OTCPK:KITL) Effective Interest Rate on Debt % Explanation

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


Kisses From Italy Effective Interest Rate on Debt % Related Terms

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Kisses From Italy Business Description

Traded in Other Exchanges
N/A
Address
80 SW 8th Street, Suite 2000, Miami, FL, USA, 33130
Kisses From Italy Inc in Florida is engaged in developing a fast-casual food dining chain restaurant business. It offers deli paninis including fresh cheese Panini, prosciutto, salami, calicollo, bresaola, and turkey paninis. The company also offers espresso, cappuccino, and other coffee drinks, soft drinks, bottled water, and juices, as well as various flavors of granite. In addition to its company operated restaurants, it is engaged in franchising restaurant concept so that it can build market share and brand awareness.
Executives
Denis Senecal director 866 DU RIVAGE, SAINT-ANTOINE-SUR-RICHELIEU A8 JOL 1RO
Turi Michele Di director, officer: CO-CEO/President 3100 BOUL. DES GOUVERNEURS, LAVAL A8 H7E 5J3
Claudio Ferri director, officer: CO-CEO/CFO 12280 53RD AVENUE, MONTREAL A8 H1E 0A5
Leonardo Fraccalvieri director, officer: Chief Operating Officer VIA DEPRETIS 9, SANNICANDRO DI BARI L6 70028