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NEPTF (Neptune Wellness Solutions) Effective Interest Rate on Debt % : 22.40% (As of Dec. 2023)


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What is Neptune Wellness Solutions 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. Neptune Wellness Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6.41 Mil. Neptune Wellness Solutions's average total debt for the quarter that ended in Dec. 2023 was $28.63 Mil. Therefore, Neptune Wellness Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 22.40%.


Neptune Wellness Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Neptune Wellness Solutions'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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Neptune Wellness Solutions Effective Interest Rate on Debt % Chart

Neptune Wellness Solutions Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.99 13.82 10.30 10.70 11.11

Neptune Wellness Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 30.06 -8.30 27.16 44.86 22.40

Competitive Comparison of Neptune Wellness Solutions's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Neptune Wellness Solutions'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.


Neptune Wellness Solutions's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Neptune Wellness Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Neptune Wellness Solutions's Effective Interest Rate on Debt % falls into.



Neptune Wellness Solutions Effective Interest Rate on Debt % Calculation

Neptune Wellness Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -2.203/( (14.354+25.309)/ 2 )
=-1  *  -2.203/19.8315
=11.11 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.712 + 0.642
=14.354

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17.431 + 7.878
=25.309

Neptune Wellness Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -6.412/( (29.121+28.14)/ 2 )
=-1  *  -6.412/28.6305
=22.40 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.572 + 10.549
=29.121

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.816 + 26.324
=28.14

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


Neptune Wellness Solutions  (OTCPK:NEPTF) Effective Interest Rate on Debt % Explanation

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


Neptune Wellness Solutions Effective Interest Rate on Debt % Related Terms

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Neptune Wellness Solutions Business Description

Traded in Other Exchanges
N/A
Address
545 Promenade du Centropolis, Suite 100, Laval, QC, CAN, H7T 0A3
Neptune Wellness Solutions Inc is a consumer-packaged goods company that aims to innovate health and wellness products. It focuses on developing a portfolio of high-quality, affordable consumer products that align with the latest market trends for natural, sustainable, plant-based and purpose-driven lifestyle brands. The company's products are available in more than 27,000 retail locations and include well-known organic food and beverage brands such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies. With its efficient and adaptable manufacturing and supply chain infrastructure, the company can quickly respond to consumer demand, and introduce new products through retail partners and e-commerce channels.
Executives
Neptune Securities Settlement Fund 10 percent owner C/O POMERANTZ LLP, 10 S. LASALLE ST., SUITE 3505, CHICAGO IL 60603
Raymond Silcock officer: Chief Financial Officer 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Philip H Sanford director C/O CHATTEM INC, 1715 WEST 38TH STREET, CHATTANOOGA TN 37409
John Wirt officer: See Remarks 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Michael Cammarata director, officer: See Remarks 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Randy Weaver officer: Chief Financial Officer 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Jessica Adkins officer: See Remarks 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Cecil Demorris Brown officer: See Remarks 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Joseph Buaron director 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Julie Phillips director 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Ronald Denis director 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Emily Fletty officer: See Remarks 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Geus Michael De director 100-545 PROMENADE DU CENTROPOLIS, LAVAL A8 H7T0A3
Blumont Capital Corp 10 percent owner 70 UNIVERSITY AVENUE, SUITE 1200, TORONTO A6 M5J 2M4