MTYFF (MTY Food Group) Effective Interest Rate on Debt % : 3.88% (As of Feb. 2025)

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What is MTY Food Group 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. MTY Food Group's annualized positive value of Interest Expense for the quarter that ended in Feb. 2025 was $33.5 Mil. MTY Food Group's average total debt for the quarter that ended in Feb. 2025 was $863.7 Mil. Therefore, MTY Food Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 was 3.88%.

MTY Food Group Effective Interest Rate on Debt % Historical Data

The historical data trend for MTY Food Group'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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MTY Food Group Effective Interest Rate on Debt % Chart

MTY Food Group Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Effective Interest Rate on Debt %

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2.48

1.37

1.59

5.30

4.53

MTY Food Group Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.67	-	5.00	4.34	3.88

Competitive Comparison of MTY Food Group's Effective Interest Rate on Debt %

For the Restaurants subindustry, MTY Food Group'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.

MTY Food Group's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

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

* The bar in red indicates where MTY Food Group's Effective Interest Rate on Debt % falls into.

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MTY Food Group Effective Interest Rate on Debt % Calculation

MTY Food Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2023 )	+	Total Debt (A: Nov. 2024 ))	/ count )
=	-1 * -41.308	/	( (950.289	+	874.36)	/ 2 )
=	-1 * -41.308	/	912.3245
=	4.53 %

where

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	860.646	+	89.643
=	950.289

	Total Debt (A: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	793.222	+	81.138
=	874.36

MTY Food Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2024 )	+	Total Debt (Q: Feb. 2025 ))	/ count )
=	-1 * -33.476	/	( (874.36	+	852.941)	/ 2 )
=	-1 * -33.476	/	863.6505
=	3.88 %

where

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	793.222	+	81.138
=	874.36

	Total Debt (Q: Feb. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	773.448	+	79.493
=	852.941

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 (Feb. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

MTY Food Group (OTCPK:MTYFF) Effective Interest Rate on Debt % Explanation

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

MTY Food Group Effective Interest Rate on Debt % Related Terms

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MTY Food Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » MTY Food Group Inc (OTCPK:MTYFF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

9MF:Germany MTY:Canada

Address

8150 autoroute Transcanadienne, Suite 200, Saint-Laurent, QC, CAN, H4S 1M5

Website

https://www.mtygroup.com

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company's operating segment is based on geographical regions namely Canada; and US & International, which earns maximum revenue. The company brands include Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.