MCRAA (McRae Industries) Effective Interest Rate on Debt %: 0.00% (As of Jul. 2023)

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MCRAA McRae Industries Inc MCRAA
12 GF Score
Price $50.83
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What is McRae Industries Effective Interest Rate on Debt %?

McRae Industries MCRAA 12 Effective Interest Rate on Debt % is 0.00% as of Jul. 2023. GuruFocus rates MCRAA with a GF Score™ of 12/100.

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. McRae Industries's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was $0.0 Mil. McRae Industries's average total debt for the quarter that ended in Jul. 2023 was $2.4 Mil. Therefore, McRae Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 0.00%.


McRae Industries  (OTCPK:MCRAA) Effective Interest Rate on Debt % Explanation

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


McRae Industries Effective Interest Rate on Debt % Related Terms


McRae Industries Effective Interest Rate on Debt % Historical Data

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The historical data trend for McRae Industries'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.

McRae Industries Effective Interest Rate on Debt % Chart

McRae Industries Annual Data
Trend Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

McRae Industries Semi-Annual Data
Jul89 Jul90 Jul91 Jul92 Jul93 Jul94 Jul95 Jul96 Jul97 Jul98 Jul99 Jul00 Jul01 Jul02 Jul03 Jul04 Jul05 Jul21 Jul22 Jul23
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 0.00 0.00 0.00 0.00 0.00

MCRAA vs RCKY, DBI, VRA: Effective Interest Rate on Debt % Comparison

For the Footwear & Accessories subindustry, McRae Industries'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.


McRae Industries Effective Interest Rate on Debt % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, McRae Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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


MCRAA
12GF Score
McRae Industries Inc MCRAA
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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McRae Industries Effective Interest Rate on Debt % Calculation

McRae Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2022 )+Total Debt  (A: Jul. 2023 ))/ count )
=-1  *  0/( (0+2.362)/ 1 )
=-1  *  0/2.362
=0.00 %

where

Total Debt  (A: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.933 + 0.429
=2.362

McRae Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2022 )+Total Debt  (Q: Jul. 2023 ))/ count )
=-1  *  0/( (0+2.362)/ 1 )
=-1  *  0/2.362
=0.00 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.933 + 0.429
=2.362

* 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 one times the annual (Jul. 2023) 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 0.00% mean?
McRae Industries (MCRAA) has a Effective Interest Rate on Debt % of 0.00% as of Jul. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on McRae Industries and its competitors.
Is McRae Industries' Effective Interest Rate on Debt % too high?
McRae Industries' current Effective Interest Rate on Debt % is 0.00%. Overall, McRae Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does McRae Industries' Effective Interest Rate on Debt % compare to RCKY and DBI?
McRae Industries' Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Effective Interest Rate on Debt % depends on the Manufacturing - Apparel & Accessories 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 McRae Industries and its competitors. McRae Industries's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McRae Industries stock overvalued right now?
McRae Industries (MCRAA) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. McRae Industries' overall GF Score™ is 12/100. 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 McRae Industries (MCRAA), the current Effective Interest Rate on Debt % is 0.00% as of Jul. 2023. 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.

McRae Industries Business Description

Address 400 North Main Street, P.O. Box 1239, Mount Gilead, NC, USA, 27306
McRae Industries Inc operates in the footwear industry. It is engaged in the manufacturing, sales, and distribution of boot products targeted to the western lifestyle and work boot markets. The company also manufactures military combat boots for the U.S. Government and operates other smaller businesses. It has a wholly owned subsidiary that designs, markets, and distributes men's, women's, and children's footwear under the following brands: Dan Post, Laredo Western Boots, Dingo, and McRae Footwear.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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