MLMN (Millennium Prime) Effective Interest Rate on Debt %: 80.76% (As of Jun. 2010)


What is Millennium Prime Effective Interest Rate on Debt %?

Millennium Prime MLMN Effective Interest Rate on Debt % is 80.76% as of Jun. 2010.

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. Millennium Prime's annualized positive value of Interest Expense for the quarter that ended in Jun. 2010 was $0.80 Mil. Millennium Prime's average total debt for the quarter that ended in Jun. 2010 was $1.00 Mil. Therefore, Millennium Prime's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2010 was 80.76%.

Millennium Prime  (OTCPK:MLMN) Effective Interest Rate on Debt % Explanation

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

Millennium Prime Effective Interest Rate on Debt % Related Terms

Millennium Prime Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Millennium Prime'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.

Millennium Prime Effective Interest Rate on Debt % Chart

Millennium Prime Annual Data
Trend Sep00 Sep01 Sep02 Sep03 Sep04 Sep05 Sep06 Sep07 Sep08 Sep09
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 10.48 9.62

Millennium Prime Quarterly Data
Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10
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 10.57 9.63 13.92 14.27 80.76

MLMN vs MLFB, BTDG, GBBT: Effective Interest Rate on Debt % Comparison

For the Beverages - Wineries & Distilleries subindustry, Millennium Prime'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.

Millennium Prime Effective Interest Rate on Debt % vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Millennium Prime's Effective Interest Rate on Debt % distribution charts can be found below:

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


Millennium Prime Effective Interest Rate on Debt % Calculation

Millennium Prime's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2009 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2008 )+Total Debt  (A: Sep. 2009 ))/ count )
=-1  *  -0.299/( (2.832+3.381)/ 2 )
=-1  *  -0.299/3.1065
=9.62 %

where

Total Debt  (A: Sep. 2008 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.832
=2.832

Total Debt  (A: Sep. 2009 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 3.381
=3.381

Millennium Prime's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2010 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2010 )+Total Debt  (Q: Jun. 2010 ))/ count )
=-1  *  -0.804/( (1.135+0.856)/ 2 )
=-1  *  -0.804/0.9955
=80.76 %

where

Total Debt  (Q: Mar. 2010 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.135
=1.135

Total Debt  (Q: Jun. 2010 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.856
=0.856

* 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 (Jun. 2010) 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 80.76% mean?
Millennium Prime (MLMN) has a Effective Interest Rate on Debt % of 80.76% as of Jun. 2010. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Millennium Prime and its competitors.
Is Millennium Prime's Effective Interest Rate on Debt % too high?
Millennium Prime's current Effective Interest Rate on Debt % is 80.76%.
How does Millennium Prime's Effective Interest Rate on Debt % compare to MLFB and BTDG?
Millennium Prime's Effective Interest Rate on Debt % of 80.76% can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Effective Interest Rate on Debt % depends on the Beverages - Alcoholic 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 Millennium Prime and its competitors. Millennium Prime's current Effective Interest Rate on Debt % is 80.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Prime stock overvalued right now?
Millennium Prime (MLMN) has a current Effective Interest Rate on Debt % of 80.76%. The current Effective Interest Rate on Debt % is 80.76%. 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 Millennium Prime (MLMN), the current Effective Interest Rate on Debt % is 80.76% as of Jun. 2010. 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.

Millennium Prime Business Description

Address 6538 Collins Avenue, Suite 382, Miami Beach, FL, USA, 33141
Millennium Prime Inc develops superior lifestyle innovations for the millennial generation. The company's focus is on marketing products for the beverage, apparel, and entertainment categories, where it can achieve a clear and authentic market position by targeting consumers who live a lifestyle filled with high style, artistic edge, and a demand for the products. Through its subsidiary, the company functions as an importer and distributor of alcohol products, including Bong Spirit's Super Premium Vodka, which has an exclusive bong-shaped bottle.