Pangea Natural Foods (XCNQ:PNGA) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Pangea Natural Foods 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. Pangea Natural Foods's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Pangea Natural Foods's average total debt for the quarter that ended in Jan. 2024 was C$0.00 Mil. Therefore, Pangea Natural Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was N/A%.

Pangea Natural Foods Effective Interest Rate on Debt % Historical Data

The historical data trend for Pangea Natural Foods'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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Pangea Natural Foods Effective Interest Rate on Debt % Chart

Pangea Natural Foods Annual Data

Trend

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

Pangea Natural Foods Quarterly Data
	Oct21	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Pangea Natural Foods's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Pangea Natural Foods'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.

Pangea Natural Foods's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Pangea Natural Foods Effective Interest Rate on Debt % Calculation

Pangea Natural Foods's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Pangea Natural Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

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

Pangea Natural Foods (XCNQ:PNGA) Effective Interest Rate on Debt % Explanation

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

Pangea Natural Foods Effective Interest Rate on Debt % Related Terms

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Pangea Natural Foods (XCNQ:PNGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (XCNQ:PNGA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

PNGAF:USA

Address

8035 - 130th Street, Surrey, BC, CAN, V3W 0H7

Website

https://www.pangeafood.com

Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.

Pangea Natural Foods (XCNQ:PNGA) Headlines

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