Fred's (STU:FR1A) Effective Interest Rate on Debt % : 13.19% (As of Apr. 2019)

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What is Fred's 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. Fred's's annualized positive value of Interest Expense for the quarter that ended in Apr. 2019 was €10 Mil. Fred's's average total debt for the quarter that ended in Apr. 2019 was €74 Mil. Therefore, Fred's's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2019 was 13.19%.

Fred's Effective Interest Rate on Debt % Historical Data

The historical data trend for Fred's'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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Fred's Effective Interest Rate on Debt % Chart

Fred's Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Effective Interest Rate on Debt %

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9.13

4.83

2.57

4.01

6.60

Fred's Quarterly Data
	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Apr20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.17	4.86	5.69	13.19	-

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

For the Discount Stores subindustry, Fred's'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.

Fred's's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Fred's's Effective Interest Rate on Debt % distribution charts can be found below:

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

Fred's Effective Interest Rate on Debt % Calculation

Fred's's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2018 )	+	Total Debt (A: Jan. 2019 ))	/ count )
=	-1 * -6.641	/	( (137.075	+	64.025)	/ 2 )
=	-1 * -6.641	/	100.55
=	6.60 %

where

	Total Debt (A: Jan. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	137.022	+	0.053
=	137.075

	Total Debt (A: Jan. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.655	+	51.37
=	64.025

Fred's's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2019 )	+	Total Debt (Q: Apr. 2019 ))	/ count )
=	-1 * -9.804	/	( (64.025	+	84.604)	/ 2 )
=	-1 * -9.804	/	74.3145
=	13.19 %

where

	Total Debt (Q: Jan. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.655	+	51.37
=	64.025

	Total Debt (Q: Apr. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.842	+	71.762
=	84.604

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 (Apr. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Fred's (STU:FR1A) Effective Interest Rate on Debt % Explanation

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

Fred's Effective Interest Rate on Debt % Related Terms

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Fred's (STU:FR1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Fred's Inc (STU:FR1A) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

4300 New Getwell Road, Memphis, TN, USA, 38118

Website

http://www.fredsinc.com

Fred's Inc is a U.S.-based company that is principally engaged in operating retail stores. Most of the company's stores are self-owned stores, with a few franchised stores. The company's sales mix consists of pharmaceuticals, consumables, household goods and softlines, and franchise, with pharmaceuticals contributing a material portion of total revenue. The company owns 100% of the equity stake in Reeves-Sain Drug Store. The company generates revenue from merchandise sales and franchise fee from franchisees. It also sells gift cards. The company conducts operation primarily in the southeast of the United States.

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