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Nufarm (Nufarm) Effective Interest Rate on Debt % : 7.57% (As of Sep. 2023)


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What is Nufarm 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. Nufarm's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $66 Mil. Nufarm's average total debt for the quarter that ended in Sep. 2023 was $868 Mil. Therefore, Nufarm's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.57%.

Nufarm Effective Interest Rate on Debt % Historical Data

The historical data trend for Nufarm'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.

Nufarm Effective Interest Rate on Debt % Chart

Nufarm Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.53 6.41 5.22 7.24 7.31

Nufarm Semi-Annual Data
Jul13 Jan14 Jul14 Jan15 Jul15 Jan16 Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 5.59 10.30 4.82 5.23 7.57

Competitive Comparison of Nufarm's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Nufarm'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.

Nufarm's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Nufarm's Effective Interest Rate on Debt % distribution charts can be found below:

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


Nufarm Effective Interest Rate on Debt % Calculation

Nufarm's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -52.334/( (621.661+810.282)/ 2 )
=-1  *  -52.334/715.9715
=7.31 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=442.095 + 179.566
=621.661

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=779.586 + 30.696
=810.282

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -65.706/( (926.434+810.282)/ 2 )
=-1  *  -65.706/868.358
=7.57 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=863.602 + 62.832
=926.434

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=779.586 + 30.696
=810.282

* 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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nufarm  (OTCPK:NUFMF) Effective Interest Rate on Debt % Explanation

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

Nufarm Effective Interest Rate on Debt % Related Terms

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Nufarm (Nufarm) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Nufarm Ltd (OTCPK:NUFMF) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
NUF:Australia
Address
103-105 Pipe Road, Laverton North, Melbourne, VIC, AUS, 3026
Website
https://www.nufarm.com
Nufarm Limited is a global crop-protection company that develops, manufactures, and sells a range of crop-protection products, including herbicides, insecticides, and fungicides. Nufarm sells its products in most of the world's major agricultural regions, and operates primarily in the off-patent segment of the crop-protection market. Nufarm operates along two business lines: crop protection and seed technologies.