TUEMQ (Tuesday Morning) Effective Interest Rate on Debt %: 3.27% (As of Sep. 2022)

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What is Tuesday Morning Effective Interest Rate on Debt %?

Tuesday Morning TUEMQ -99.00% Effective Interest Rate on Debt % is 3.27% as of Sep. 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. Tuesday Morning's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $8.1 Mil. Tuesday Morning's average total debt for the quarter that ended in Sep. 2022 was $247.7 Mil. Therefore, Tuesday Morning's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 3.27%.

Tuesday Morning  (OTCPK:TUEMQ) Effective Interest Rate on Debt % Explanation

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

Tuesday Morning Effective Interest Rate on Debt % Related Terms

Tuesday Morning Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Tuesday Morning'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.

Tuesday Morning Effective Interest Rate on Debt % Chart

Tuesday Morning Annual Data
Trend Jun19 Jun20 Jun21 Jun22
Effective Interest Rate on Debt %
0.00 1.05 2.66 2.82

Tuesday Morning Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.74 3.06 3.08 2.56 3.27

TUEMQ vs WMT, COST, TGT: Effective Interest Rate on Debt % Comparison

For the Discount Stores subindustry, Tuesday Morning'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.

Tuesday Morning Effective Interest Rate on Debt % vs Retail - Defensive Industry

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

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


Tuesday Morning Effective Interest Rate on Debt % Calculation

Tuesday Morning's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2021 )+Total Debt  (A: Jun. 2022 ))/ count )
=-1  *  -7.177/( (249.246+259.355)/ 2 )
=-1  *  -7.177/254.3005
=2.82 %

where

Total Debt  (A: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=194.614 + 54.632
=249.246

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=206.847 + 52.508
=259.355

Tuesday Morning's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Sep. 2022 ))/ count )
=-1  *  -8.108/( (259.355+236.066)/ 2 )
=-1  *  -8.108/247.7105
=3.27 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=206.847 + 52.508
=259.355

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=189.363 + 46.703
=236.066

* 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. 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 3.27% mean?
Tuesday Morning (TUEMQ) has a Effective Interest Rate on Debt % of 3.27% as of Sep. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Tuesday Morning and its competitors.
Is Tuesday Morning's Effective Interest Rate on Debt % too high?
Tuesday Morning's current Effective Interest Rate on Debt % is 3.27%.
How does Tuesday Morning's Effective Interest Rate on Debt % compare to WMT and COST?
Tuesday Morning's Effective Interest Rate on Debt % of 3.27% can be compared against companies in the Retail - Defensive 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 Retail - Defensive company?
A good Effective Interest Rate on Debt % depends on the Retail - Defensive 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 Tuesday Morning and its competitors. Tuesday Morning's current Effective Interest Rate on Debt % is 3.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tuesday Morning stock overvalued right now?
Tuesday Morning (TUEMQ) has a current Effective Interest Rate on Debt % of 3.27%. The current Effective Interest Rate on Debt % is 3.27%. 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 Tuesday Morning (TUEMQ), the current Effective Interest Rate on Debt % is 3.27% as of Sep. 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.

Tuesday Morning Business Description

Address 6250 LBJ Freeway, Dallas, TX, USA, 75240
Tuesday Morning Corp is a retail chain company. It specializes in both domestic and international closeouts of medium to high-end name brand gifts, luxury home textiles, home furnishings, housewares and seasonal decor.