Maverick Lifestyle (Maverick Lifestyle) Effective Interest Rate on Debt % : 7.68% (As of Jun. 2023)

View and export this data going back to 2050. Start your Free Trial

What is Maverick Lifestyle 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. Maverick Lifestyle's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.62 Mil. Maverick Lifestyle's average total debt for the quarter that ended in Jun. 2023 was $8.12 Mil. Therefore, Maverick Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 7.68%.

Maverick Lifestyle Effective Interest Rate on Debt % Historical Data

The historical data trend for Maverick Lifestyle'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.

* Premium members only.

Maverick Lifestyle Effective Interest Rate on Debt % Chart

Maverick Lifestyle Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

7.45

8.99

Maverick Lifestyle Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			8.97	-	-	9.79	7.68

Competitive Comparison of Maverick Lifestyle's Effective Interest Rate on Debt %

For the Tobacco subindustry, Maverick Lifestyle'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.

Maverick Lifestyle's Effective Interest Rate on Debt % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Maverick Lifestyle's Effective Interest Rate on Debt % distribution charts can be found below:

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

Maverick Lifestyle Effective Interest Rate on Debt % Calculation

Maverick Lifestyle's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.878	/	( (9.769	+	9.753)	/ 2 )
=	-1 * -0.878	/	9.761
=	8.99 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.753	+	0.016
=	9.769

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.051	+	1.702
=	9.753

Maverick Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.624	/	( (8.147	+	8.094)	/ 2 )
=	-1 * -0.624	/	8.1205
=	7.68 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.082	+	8.065
=	8.147

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.026	+	8.068
=	8.094

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Maverick Lifestyle (NAS:MVRK) Effective Interest Rate on Debt % Explanation

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

Maverick Lifestyle Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Maverick Lifestyle's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Maverick Lifestyle (Maverick Lifestyle) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Maverick Lifestyle Inc (NAS:MVRK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883

Website

Maverick Lifestyle Inc is a Hemp Canna-Infused Products Company primarily engaged in the manufacturing, branding, marketing, distribution and sales of products infused with hemp-derived cannabinoids (including but not limited to delta-8-THC, delta-9-THC, delta-10-THC, HHC, CBD, CBG and CBN) such as pre-rolled hemp joints and hemp cigarettes, hemp cigarillos, blunts, disposable live resin vapes, gummies and unique edibles. It is also engaged in the development of high speed rolling manufacturing technology specifically designed for the hemp and cannabis industry, such as converting high speed tobacco rolling machines to roll stickier products such as delta-8-THC, HHC infused hemp, packing machines to automatically package rolled products into consumer packaging ready for the shelf.

Maverick Lifestyle (Maverick Lifestyle) Headlines

No Headlines