NHMD (Nate's Food Co) Effective Interest Rate on Debt %: 14.03% (As of Nov. 2023)


What is Nate's Food Co Effective Interest Rate on Debt %?

Nate's Food Co NHMD -99.00% Effective Interest Rate on Debt % is 14.03% as of Nov. 2023.

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. Nate's Food Co's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $0.13 Mil. Nate's Food Co's average total debt for the quarter that ended in Nov. 2023 was $0.91 Mil. Therefore, Nate's Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 14.03%.

Nate's Food Co  (OTCPK:NHMD) Effective Interest Rate on Debt % Explanation

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

Nate's Food Co Effective Interest Rate on Debt % Related Terms

Nate's Food Co Effective Interest Rate on Debt % Historical Data

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The historical data trend for Nate's Food Co'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.

Nate's Food Co Effective Interest Rate on Debt % Chart

Nate's Food Co Annual Data
Trend Jun10 May14 May15 May16 May17 May18 May20 May21 May22 May23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.19 9.98 5.16 22.07 14.87

Nate's Food Co Quarterly Data
May17 Aug17 Nov17 Feb18 May18 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 17.28 8.91 8.80 16.31 14.03

NHMD vs MNTR, GMPW, MGHL: Effective Interest Rate on Debt % Comparison

For the Capital Markets subindustry, Nate's Food Co'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.

Nate's Food Co Effective Interest Rate on Debt % vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nate's Food Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Nate's Food Co Effective Interest Rate on Debt % Calculation

Nate's Food Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -0.109/( (0.653+0.813)/ 2 )
=-1  *  -0.109/0.733
=14.87 %

where

Total Debt  (A: May. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.653
=0.653

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.159 + 0.654
=0.813

Nate's Food Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -0.128/( (0.806+1.019)/ 2 )
=-1  *  -0.128/0.9125
=14.03 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.567 + 0.239
=0.806

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.619 + 0.4
=1.019

* 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 (Nov. 2023) 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 14.03% mean?
Nate's Food Co (NHMD) has a Effective Interest Rate on Debt % of 14.03% as of Nov. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Nate's Food Co and its competitors.
Is Nate's Food Co's Effective Interest Rate on Debt % too high?
Nate's Food Co's current Effective Interest Rate on Debt % is 14.03%.
How does Nate's Food Co's Effective Interest Rate on Debt % compare to MNTR and GMPW?
Nate's Food Co's Effective Interest Rate on Debt % of 14.03% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Effective Interest Rate on Debt % depends on the Capital Markets 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 Nate's Food Co and its competitors. Nate's Food Co's current Effective Interest Rate on Debt % is 14.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nate's Food Co stock overvalued right now?
Nate's Food Co (NHMD) has a current Effective Interest Rate on Debt % of 14.03%. The current Effective Interest Rate on Debt % is 14.03%. 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 Nate's Food Co (NHMD), the current Effective Interest Rate on Debt % is 14.03% as of Nov. 2023. 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.

Nate's Food Co Business Description

Address 15151 Springdale Street, Huntington Beach, CA, USA, 92649
Nate's Food Co is a food manufacturing and product company that manufactures, distributes, and sells ready-to-use, pre-mixed pancake and waffle batter. The Company is engaged in Bitcoin Mining which is the process by which Bitcoins are created resulting in new blocks being added to the blockchain and new Bitcoins being issued to the miners. The company sells its products across the United States to a variety of customers through its online store.