Zoglos Food (XCNQ:ZOG) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Zoglos Food 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. Zoglos Food's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. Zoglos Food's average total debt for the quarter that ended in Dec. 2023 was C$0.04 Mil. Therefore, Zoglos Food's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Zoglos Food Effective Interest Rate on Debt % Historical Data

The historical data trend for Zoglos Food'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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Zoglos Food Effective Interest Rate on Debt % Chart

Zoglos Food Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.41

Zoglos Food Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-81.06	-	-	-	-

Competitive Comparison of Zoglos Food's Effective Interest Rate on Debt %

For the Food Distribution subindustry, Zoglos Food'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.

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

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

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

Zoglos Food Effective Interest Rate on Debt % Calculation

Zoglos Food's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0.003	+	0.04)	/ 2 )
=	-1 * 0	/	0.0215
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.003
=	0.003

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

Zoglos Food's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0.04)	/ 1 )
=	-1 * 0	/	0.04
=	0.00 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Zoglos Food (XCNQ:ZOG) Effective Interest Rate on Debt % Explanation

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

Zoglos Food Effective Interest Rate on Debt % Related Terms

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Zoglos Food (XCNQ:ZOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Zoglos Food Corp (XCNQ:ZOG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8953 Woodbine Avenue, Markham, ON, CAN, L3R0J9

Website

https://www.zoglos.com

Zoglos Food Corp is a plant-based protein foods company that is in the business of designing, developing, producing, distributing, and selling plant-based meat alternative products. Its products fall into three main categories: plant-based meats; appetizers; and veggies. It generates revenues through the wholesale of plant-based meat alternative products.

Executives

Hari Varshney	Director
Peeyush Kumar Varshney	Director, Senior Officer
Varshney Capital Corp.	10% Security Holder

Zoglos Food (XCNQ:ZOG) Headlines

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