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Nathan's Famous (Nathan's Famous) Effective Interest Rate on Debt % : 6.79% (As of Dec. 2023)


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What is Nathan's Famous 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. Nathan's Famous's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $5.2 Mil. Nathan's Famous's average total debt for the quarter that ended in Dec. 2023 was $76.5 Mil. Therefore, Nathan's Famous's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.79%.


Nathan's Famous Effective Interest Rate on Debt % Historical Data

The historical data trend for Nathan's Famous'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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Nathan's Famous Effective Interest Rate on Debt % Chart

Nathan's Famous Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.44 7.03 6.79 7.43 7.64

Nathan's Famous Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.27 9.07 6.57 6.13 6.79

Competitive Comparison of Nathan's Famous's Effective Interest Rate on Debt %

For the Restaurants subindustry, Nathan's Famous'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.


Nathan's Famous's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

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

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



Nathan's Famous Effective Interest Rate on Debt % Calculation

Nathan's Famous's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -7.742/( (116.519+86.236)/ 2 )
=-1  *  -7.742/101.3775
=7.64 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=114.67 + 1.849
=116.519

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.454 + 1.782
=86.236

Nathan's Famous'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  *  -5.2/( (86.515+66.542)/ 2 )
=-1  *  -5.2/76.5285
=6.79 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.64 + 1.875
=86.515

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.662 + 1.88
=66.542

* 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.


Nathan's Famous  (NAS:NATH) Effective Interest Rate on Debt % Explanation

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


Nathan's Famous Effective Interest Rate on Debt % Related Terms

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Nathan's Famous (Nathan's Famous) Business Description

Industry
Traded in Other Exchanges
Address
One Jericho Plaza, Second Floor - Wing A, Jericho, NY, USA, 11753
Nathan's Famous Inc is an owner of fast food franchises in the United States. The company's reportable segment includes the Branded Product Program, Product licensing, Restaurant operations and Corporate. Branded Product Program derives revenue principally from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors who resell the products to foodservice operators. It generates maximum revenue from the Branded Product Program segment. Geographically, it derives a majority of revenue from the United States.
Executives
Brian S Genson director
Joanne Podell director ONE JERICHO PLAZA, JERICHO NY 11753
Robert E Steinberg officer: VP Finance, CFO, Treasurer NATHAN'S FAMOUS INC., ONE JERICHO PLAZA, JERICHO NY 11753
Andrew M Levine director C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Ronald G Devos officer: VP-Fin, CFO and Secy
James Robert Walker officer: SVP, Restaurants C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Robert J Eide director 70 EAST SUNRISE HIGHWAY STE 415, VALLEY STREAM NY 11581
Randy Watts officer: VP - Franchise Operations 1400 OLD COUNTRY ROAD, SUITE 400, WESTBURY NY 11590
Leigh Platte officer: Vice President, Food Service C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Scott F. Harvey officer: Executive Vice President ONE JERICHO PLAZA, SECOND FLOOR - WING A, JERICHO NY 11753
Donald P Schedler officer: Vice President
Barry Leistner director
Wayne Norbitz director, officer: President
Donald L Perlyn director, officer: Executive Vice President
Howard M Lorber director, 10 percent owner, officer: Executive Chairman 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137

Nathan's Famous (Nathan's Famous) Headlines