SSMTF (Sensible Meats) Effective Interest Rate on Debt %: -19.67% (As of Aug. 2024)


What is Sensible Meats Effective Interest Rate on Debt %?

Sensible Meats SSMTF Effective Interest Rate on Debt % is -19.67% as of Aug. 2024.

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. Sensible Meats's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was $-0.01 Mil. Sensible Meats's average total debt for the quarter that ended in Aug. 2024 was $0.06 Mil. Therefore, Sensible Meats's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was -19.67%.

Sensible Meats  (OTCPK:SSMTF) Effective Interest Rate on Debt % Explanation

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

Sensible Meats Effective Interest Rate on Debt % Related Terms

Sensible Meats Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Sensible Meats'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.

Sensible Meats Effective Interest Rate on Debt % Chart

Sensible Meats Annual Data
Trend Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
0.00 9.42 8.94

Sensible Meats Quarterly Data
Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.13 5.33 0.00 24.06 -19.67

SSMTF vs TLCC, AJYG, RIBT: Effective Interest Rate on Debt % Comparison

For the Packaged Foods subindustry, Sensible Meats'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.

Sensible Meats Effective Interest Rate on Debt % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sensible Meats's Effective Interest Rate on Debt % distribution charts can be found below:

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


Sensible Meats Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -0.008/( (0.108+0.071)/ 2 )
=-1  *  -0.008/0.0895
=8.94 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.049 + 0.059
=0.108

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.071
=0.071

Sensible Meats's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2024 )+Total Debt  (Q: Aug. 2024 ))/ count )
=-1  *  0.012/( (0.061+0)/ 1 )
=-1  *  0.012/0.061
=-19.67 %

where

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.061
=0.061

Total Debt  (Q: Aug. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

* 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 (Aug. 2024) 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 -19.67% mean?
Sensible Meats (SSMTF) has a Effective Interest Rate on Debt % of -19.67% as of Aug. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Sensible Meats and its competitors.
Is Sensible Meats' Effective Interest Rate on Debt % too high?
Sensible Meats' current Effective Interest Rate on Debt % is -19.67%.
How does Sensible Meats' Effective Interest Rate on Debt % compare to TLCC and AJYG?
Sensible Meats' Effective Interest Rate on Debt % of -19.67% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Effective Interest Rate on Debt % depends on the Consumer Packaged Goods 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 Sensible Meats and its competitors. Sensible Meats's current Effective Interest Rate on Debt % is -19.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sensible Meats stock overvalued right now?
Sensible Meats (SSMTF) has a current Effective Interest Rate on Debt % of -19.67%. The current Effective Interest Rate on Debt % is -19.67%. 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 Sensible Meats (SSMTF), the current Effective Interest Rate on Debt % is -19.67% as of Aug. 2024. 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.

Sensible Meats Business Description

Address 1450, 789 West Pender Street, Calgary, BC, CAN, V6C 1H2
Sensible Meats Inc is a plant-based food company that has designed and developed plant-based meat food alternatives and intends to distribute and sell its line of plant-based hot dogs. The company's first and primary product is a line of plant-based hotdogs.