NextGen Food Robotics (NEOE:NGRB) Effective Interest Rate on Debt % : 16.72% (As of Jan. 2024)

View and export this data going back to 2022. Start your Free Trial

What is NextGen Food Robotics 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. NextGen Food Robotics's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.17 Mil. NextGen Food Robotics's average total debt for the quarter that ended in Jan. 2024 was C$1.00 Mil. Therefore, NextGen Food Robotics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 16.72%.

NextGen Food Robotics Effective Interest Rate on Debt % Historical Data

The historical data trend for NextGen Food Robotics'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.

NextGen Food Robotics Effective Interest Rate on Debt % Chart

NextGen Food Robotics Annual Data

Trend

Apr22

Apr23

Effective Interest Rate on Debt %

10.04

12.80

NextGen Food Robotics Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						9.91	13.31	13.11	25.53	16.72

Competitive Comparison of NextGen Food Robotics's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, NextGen Food Robotics'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.

NextGen Food Robotics's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NextGen Food Robotics's Effective Interest Rate on Debt % distribution charts can be found below:

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

NextGen Food Robotics Effective Interest Rate on Debt % Calculation

NextGen Food Robotics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -0.069	/	( (0.857	+	0.221)	/ 2 )
=	-1 * -0.069	/	0.539
=	12.80 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.722	+	0.135
=	0.857

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.158	+	0.063
=	0.221

NextGen Food Robotics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.168	/	( (0.828	+	1.181)	/ 2 )
=	-1 * -0.168	/	1.0045
=	16.72 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.77	+	0.058
=	0.828

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.023	+	0.158
=	1.181

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NextGen Food Robotics (NEOE:NGRB) Effective Interest Rate on Debt % Explanation

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

NextGen Food Robotics Effective Interest Rate on Debt % Related Terms

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

NextGen Food Robotics (NEOE:NGRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » NextGen Food Robotics Corp (NEOE:NGRB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NGRBF:USA O83:Germany

Address

855 Terminal Avenue, Vancouver, BC, CAN, V6A 2M9

Website

https://www.nextgenai.ca

NextGen Food Robotics Corp is a multi-division food manufacturing operation that offers commissary and ghost kitchens, co-pack and private label contract manufacturing, and in-house production of the Company's plant-based brand. Additionally, Nextgen is developing the Lily app, which is an AI-powered food application. The Company has two operating segments: co-packing and manufacturing operations and commissary kitchen operations in Canada.

NextGen Food Robotics (NEOE:NGRB) Headlines

No Headlines