AXIL Brands (AXIL Brands) Effective Interest Rate on Debt % : 1.90% (As of Feb. 2024)

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What is AXIL Brands 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. AXIL Brands's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.00 Mil. AXIL Brands's average total debt for the quarter that ended in Feb. 2024 was $0.21 Mil. Therefore, AXIL Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 1.90%.

AXIL Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for AXIL 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.

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AXIL Brands Effective Interest Rate on Debt % Chart

AXIL Brands Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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1.02

1.78

2.77

1.23

AXIL Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.12	-2.75	3.07	3.45	1.90

Competitive Comparison of AXIL Brands's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, AXIL 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.

AXIL Brands's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AXIL Brands's Effective Interest Rate on Debt % distribution charts can be found below:

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

AXIL Brands Effective Interest Rate on Debt % Calculation

AXIL Brands's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -0.003	/	( (0.209	+	0.278)	/ 2 )
=	-1 * -0.003	/	0.2435
=	1.23 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.002	+	0.207
=	0.209

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.037	+	0.241
=	0.278

AXIL Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.22	+	0.202)	/ 2 )
=	-1 * -0.004	/	0.211
=	1.90 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.145	+	0.075
=	0.22

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.144	+	0.058
=	0.202

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

AXIL Brands (AMEX:AXIL) Effective Interest Rate on Debt % Explanation

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

AXIL Brands Effective Interest Rate on Debt % Related Terms

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AXIL Brands (AXIL Brands) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

901 S Fremont Avenue, Unit 158, Alhambra, CA, USA, 91803

Website

https://www.reviveprocare.com

Reviv3 Procare Co is engaged in manufacturing, marketing, sale and distribution of professional quality hair and skin care products under various trademarks and brands. It distributes its trademark products throughout the United States, Canada, Europe and Asia. The company sells hair and skincare products under its brand which includes seven distinct products. The hair care products consist of PREP shampoo, PRIME conditioner, and TREAT maintenance care. BOOST is designed to deliver nutrients and increase circulation to the scalp, MEND Deep Hair Repair Mask for added moisture and PROTECT, a heat protectant product to prevent damage from irons and dryers. The company is engaged in expanding its business-to-business salon sales through its network of domestic and international distributors.

Executives

Nancy Hundt	director	C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON STREET, CITY OF INDUSTRY CA 91748
Jeff Toghraie	director, 10 percent owner, officer: Chairman, CEO	C/O CUMETRIX DATA SYSTEMS CORP, 957 LAWSON ST, INDUSTRY CA 91748
Monica Diaz Brickell	officer: Chief Financial Officer	901 FREMONT AVE., UNIT 158 AND 168, ALHAMBRA CA 92024
Jeffrey B. Brown	officer: Chief Operating Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Meenu Jain	officer: Chief Financial Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Christopher Go	officer: Chief Financial Officer	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Donald Starace	officer: President	C/O REVIV3 PROCARE COMPANY, 9480 TELSTAR AVE., SUITE 5, EL MONTE CA 91731
Intrepid Global Advisors, Inc.	10 percent owner	325 N. MAPLE DRIVE, #5114, BEVERLY HILLS CA 90210
Shircoo, Inc.	10 percent owner	2350 ALLVIEW TERRACE EAST, LOS ANGELES CA 90068