Nortem Biogroup (XPAR:MLBIO) Effective Interest Rate on Debt % : 1.33% (As of Dec. 2022)

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What is Nortem Biogroup 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. Nortem Biogroup's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was €0.07 Mil. Nortem Biogroup's average total debt for the quarter that ended in Dec. 2022 was €5.11 Mil. Therefore, Nortem Biogroup's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 1.33%.

Nortem Biogroup Effective Interest Rate on Debt % Historical Data

The historical data trend for Nortem Biogroup'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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Nortem Biogroup Effective Interest Rate on Debt % Chart

Nortem Biogroup Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

2.72

1.33

Nortem Biogroup Semi-Annual Data
	Dec21	Dec22
Effective Interest Rate on Debt %	2.72	1.33

Competitive Comparison of Nortem Biogroup's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Nortem Biogroup'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.

Nortem Biogroup's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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

Nortem Biogroup Effective Interest Rate on Debt % Calculation

Nortem Biogroup's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.068	/	( (3.856	+	6.361)	/ 2 )
=	-1 * -0.068	/	5.1085
=	1.33 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.277	+	1.579
=	3.856

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.385	+	2.976
=	6.361

Nortem Biogroup's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * -0.068	/	( (3.856	+	6.361)	/ 2 )
=	-1 * -0.068	/	5.1085
=	1.33 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.277	+	1.579
=	3.856

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.385	+	2.976
=	6.361

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 one times the annual (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nortem Biogroup (XPAR:MLBIO) Effective Interest Rate on Debt % Explanation

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

Nortem Biogroup Effective Interest Rate on Debt % Related Terms

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Nortem Biogroup (XPAR:MLBIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nortem Biogroup (XPAR:MLBIO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle Alexander Humboldt 12B, Polígono Industrial Salinas de Poniente, El Puerto de Santa María, Cadiz, ESP, 11500

Website

https://www.nortembiogroup.com

Nortem Chem SA is engaged in the research, development, innovation and industrialization in the field of biochemistry and biotechnology, as well as the production and sale of products based on biochemical and/or biotechnological processes. It emerged as a biotechnological company in the field of the food and chemical industry, with maximum environmental awareness, concentrating its research and product development efforts on the development of environmentally friendly alternatives from renewable sources and obtaining its own microorganisms (Aspergillus Niger and Yarrowia lipolytica) with outstanding capabilities from adaptation and selection processes, avoiding the use of genetic modification technologies.

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