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SHOT (Safety Shot) Effective Interest Rate on Debt % : 17.09% (As of Sep. 2024)


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What is Safety Shot 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. Safety Shot's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.27 Mil. Safety Shot's average total debt for the quarter that ended in Sep. 2024 was $1.57 Mil. Therefore, Safety Shot's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 17.09%.


Safety Shot Effective Interest Rate on Debt % Historical Data

The historical data trend for Safety Shot'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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Safety Shot Effective Interest Rate on Debt % Chart

Safety Shot Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.99 13.91 158.32 71.56 7.12

Safety Shot Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.34 0.51 11.92 20.49 17.09

Competitive Comparison of Safety Shot's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, Safety Shot'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.


Safety Shot's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Safety Shot's Effective Interest Rate on Debt % distribution charts can be found below:

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



Safety Shot Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.171/( (2.732+2.069)/ 2 )
=-1  *  -0.171/2.4005
=7.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.52 + 2.212
=2.732

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.305 + 1.764
=2.069

Safety Shot's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.268/( (2.71+0.426)/ 2 )
=-1  *  -0.268/1.568
=17.09 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.854 + 1.856
=2.71

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.17 + 0.256
=0.426

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


Safety Shot  (NAS:SHOT) Effective Interest Rate on Debt % Explanation

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


Safety Shot Effective Interest Rate on Debt % Related Terms

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Safety Shot Business Description

Traded in Other Exchanges
N/A
Address
1061 East Indiantown Road, Suite 110, Jupiter, FL, USA, 33477
Safety Shot Inc is a wellness and functional beverage company. It is set to launch Safety Shot, the patented beverage that helps people feel faster by reducing blood alcohol content and boosting clarity.
Executives
John Gulyas director 2505 PROVENCE CIRCLE, WESTON FL 33327
Jarrett Adam Boon officer: COO 2434 E DESERT WILLOW DR, PHOENIX AZ 85048
Skender Fani director
Kaufman Nancy Torres director 725 N. HWY A1A, SUITE C-106, JUPITER FL 33477
Brian John director, 10 percent owner, officer: Chief Executive Officer 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Douglas O Mckinnon officer: Chief Financial Officer 2104 RIDGE PLAZA DR, CASTLE ROCK CO 80108
Glynn Wilson director, officer: Chairman - Board of Directors 2483 NE JULEP STREET, ISSAQUAH WA 98029
Ryan T Allison officer: VP of Business Development 725 N. HWY A1A, SUITE C-106, JUPITER FL 33477
Richard A Miller director, 10 percent owner, officer: Chief Operating Officer 1500 GATEWAY BLVD, SUITE 220, BOYNTON BEACH FL 33426
Christopher Melton director C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Byron Young director 112 EAST SEMINARY DRVE, UNIT B, FORT WORTH TX 76115
Hector W Alila director C/O PROTALEX INC, 145 UNION SQUARE DRIVE, NEW HOPE PA 18938
Timothy Glynn director 725 N HWY, SUITE C-106, JUPITER FL 33477