My Food Bag Group (NZSE:MFB) Effective Interest Rate on Debt % : 7.95% (As of Sep. 2023)

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What is My Food Bag Group 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. My Food Bag Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was NZ$2.1 Mil. My Food Bag Group's average total debt for the quarter that ended in Sep. 2023 was NZ$26.0 Mil. Therefore, My Food Bag Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.95%.

My Food Bag Group Effective Interest Rate on Debt % Historical Data

The historical data trend for My Food Bag Group'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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My Food Bag Group Effective Interest Rate on Debt % Chart

My Food Bag Group Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

6.53

5.85

7.80

My Food Bag Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			8.37	3.62	15.24	10.15	7.95

Competitive Comparison of My Food Bag Group's Effective Interest Rate on Debt %

For the Internet Retail subindustry, My Food Bag Group'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.

My Food Bag Group's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, My Food Bag Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where My Food Bag Group's Effective Interest Rate on Debt % falls into.

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My Food Bag Group Effective Interest Rate on Debt % Calculation

My Food Bag Group'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 * -1.493	/	( (11.009	+	27.294)	/ 2 )
=	-1 * -1.493	/	19.1515
=	7.80 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.987	+	2.022
=	11.009

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.764	+	6.53
=	27.294

My Food Bag Group'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 * -2.066	/	( (27.294	+	24.675)	/ 2 )
=	-1 * -2.066	/	25.9845
=	7.95 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.764	+	6.53
=	27.294

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.69	+	3.985
=	24.675

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.

My Food Bag Group (NZSE:MFB) Effective Interest Rate on Debt % Explanation

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

My Food Bag Group Effective Interest Rate on Debt % Related Terms

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My Food Bag Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » My Food Bag Group Ltd (NZSE:MFB) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

56 Parnell Road, Level 3, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.myfoodbag.co.nz

My Food Bag Group Ltd operates in the fast-growing online food delivery market in New Zealand. It delivers bags full of fresh and locally sourced ingredients along with easy-to-follow recipes direct to families across New Zealand. The company drives revenue primarily by the volume of bags delivered to customers and the average order value of bags delivered.

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