MVRK (Maverick Lifestyle) Effective Interest Rate on Debt %: 8.99% (As of Sep. 2024)


What is Maverick Lifestyle Effective Interest Rate on Debt %?

Maverick Lifestyle MVRK Effective Interest Rate on Debt % is 8.99% as of Sep. 2024.

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 Sep. 2024 was $0.72 Mil. Maverick Lifestyle's average total debt for the quarter that ended in Sep. 2024 was $8.05 Mil. Therefore, Maverick Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.99%.

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

Maverick Lifestyle Effective Interest Rate on Debt % Historical Data

* Premium members only.

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.

Maverick Lifestyle Effective Interest Rate on Debt % Chart

Maverick Lifestyle Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.00 7.45 8.99 8.27

Maverick Lifestyle Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 7.68 10.93 6.89 0.00 8.99

MVRK vs : Effective Interest Rate on Debt % Comparison

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 Effective Interest Rate on Debt % vs 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. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.736/( (9.753+8.051)/ 2 )
=-1  *  -0.736/8.902
=8.27 %

where

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

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.051 + 0
=8.051

Maverick Lifestyle'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  *  -0.724/( (8.051+8.051)/ 2 )
=-1  *  -0.724/8.051
=8.99 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.051 + 0
=8.051

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.051 + 0
=8.051

* 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.

What does a Effective Interest Rate on Debt % of 8.99% mean?
Maverick Lifestyle (MVRK) has a Effective Interest Rate on Debt % of 8.99% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Maverick Lifestyle and its competitors.
Is Maverick Lifestyle's Effective Interest Rate on Debt % too high?
Maverick Lifestyle's current Effective Interest Rate on Debt % is 8.99%.
How does Maverick Lifestyle's Effective Interest Rate on Debt % compare to ?
Maverick Lifestyle's Effective Interest Rate on Debt % of 8.99% can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Effective Interest Rate on Debt % depends on the Tobacco Products 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 Maverick Lifestyle and its competitors. Maverick Lifestyle's current Effective Interest Rate on Debt % is 8.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maverick Lifestyle stock overvalued right now?
Maverick Lifestyle (MVRK) has a current Effective Interest Rate on Debt % of 8.99%. The current Effective Interest Rate on Debt % is 8.99%. 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 Maverick Lifestyle (MVRK), the current Effective Interest Rate on Debt % is 8.99% as of Sep. 2024. 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.

Maverick Lifestyle Business Description

Comparable Companies
Address 7427 NC Highway 58 South, Stantonsburg, NC, USA, 27883
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.