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Trident BrandsTDNT Effective Interest Rate on Debt % is 4.20% as of May. 2022.
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. Trident Brands's annualized positive value of Interest Expense for the quarter that ended in May. 2022 was $0.94 Mil. Trident Brands's average total debt for the quarter that ended in May. 2022 was $22.30 Mil. Therefore, Trident Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2022 was 4.20%.
Trident Brands (OTCPK:TDNT) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Trident Brands Effective Interest Rate on Debt % Related Terms
Trident Brands Effective Interest Rate on Debt % Historical Data
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The historical data trend for Trident Brands'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.
Trident Brands Effective Interest Rate on Debt % Chart
TDNT vs SKVI, QNTA, SNBH: Effective Interest Rate on Debt % Comparison
For the Packaged Foods subindustry, Trident Brands'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.
Trident Brands Effective Interest Rate on Debt % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Trident Brands's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Trident Brands's Effective Interest Rate on Debt % falls into.
* 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 (May. 2022) 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 4.20% mean?
Trident Brands (TDNT) has a Effective Interest Rate on Debt % of 4.20% as of May. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Trident Brands and its competitors.
Is Trident Brands' Effective Interest Rate on Debt % too high?
Trident Brands' current Effective Interest Rate on Debt % is 4.20%.
How does Trident Brands' Effective Interest Rate on Debt % compare to SKVI and QNTA?
Trident Brands' Effective Interest Rate on Debt % of 4.20% 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 Trident Brands and its competitors. Trident Brands's current Effective Interest Rate on Debt % is 4.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Brands stock overvalued right now?
Trident Brands (TDNT) has a current Effective Interest Rate on Debt % of 4.20%. The current Effective Interest Rate on Debt % is 4.20%. 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 Trident Brands (TDNT), the current Effective Interest Rate on Debt % is 4.20% as of May. 2022. 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.
Trident Brands Inc is a consumer product company. It is focused on developing high growth branded and private label consumer products and ingredients within the nutritional supplement, life sciences, and food and beverage categories. It offers consumer products, including nutritional products and supplements under the Everlast and Brain Armor brands. The company's brands focus on supplements, nutritional products, and heart and brain health categories. In addition, the firm also offers various banking facilities. Geographically business activity functions through the region of the United States and derives a majority of its revenue from the sale of products.
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