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Cava Group (Cava Group) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Cava Group 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. Cava Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.0 Mil. Cava Group's average total debt for the quarter that ended in Dec. 2023 was $339.3 Mil. Therefore, Cava Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Cava Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Cava Group'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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Cava Group Effective Interest Rate on Debt % Chart

Cava Group Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
31.35 0.03 -

Cava Group Quarterly Data
Sep21 Dec21 Apr22 Sep22 Dec22 Apr23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - -0.27 0.03 - -

Competitive Comparison of Cava Group's Effective Interest Rate on Debt %

For the Restaurants subindustry, Cava Group'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.


Cava Group's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cava Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Cava Group Effective Interest Rate on Debt % Calculation

Cava Group'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/( (314.733+336.198)/ 2 )
=-1  *  0/325.4655
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=285.194 + 29.539
=314.733

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=303.615 + 32.583
=336.198

Cava Group'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/( (342.359+336.198)/ 2 )
=-1  *  0/339.2785
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=305.993 + 36.366
=342.359

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=303.615 + 32.583
=336.198

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


Cava Group  (NYSE:CAVA) Effective Interest Rate on Debt % Explanation

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


Cava Group Effective Interest Rate on Debt % Related Terms

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Cava Group (Cava Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
14 Ridge Square NW, Suite 500,, Washington, DC, USA, 20016
Cava Group Inc owns and operates a chain of restaurants. It is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. The company's operations are conducted as two reportable segments: CAVA and Zoes Kitchen.
Executives
Philippe Amouyal director C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Jennifer Somers officer: Chief Operations Officer C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Kenneth Robert Bertram officer: CLO & Secretary 3404 CHOCO CHASE, MECHNICSBURG NY 17055
Tricia K. Tolivar officer: Chief Financial Officer C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Todd Klein director C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Theodoros Xenohristos director C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Swan Hospitality 4 Llc 10 percent owner 108 LOUDOUN STREET SW, LEESBURG VA 20175
Act Iii Holdings Llc 10 percent owner 23 PRESCOTT STREET, BROOKLINE MA 02446
Adam David Phillips officer: Chief Accounting Officer C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Benjamin Felt director C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
David Bosserman director C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Brett Schulman director, 10 percent owner, officer: CEO and President C/O CAVA GROUP, INC., 14 RIDGE SQUARE NW, SUITE 500, WASHINGTON DC 20016
Cava Act Iii Trust, Llc 10 percent owner 23 PRESCOTT STREET, BROOKLINE MA 02446
Cava Act Iii, Llc 10 percent owner 23 PRESCOTT STREET, BROOKLINE MA 02446
Todd D Klein director 1717 RHODE ISLAND AVENUE, N.W., 10TH FLOOR, WASHINGTON DC 20036