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Utz Brands (Utz Brands) Effective Interest Rate on Debt % : 6.11% (As of Dec. 2023)


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What is Utz 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. Utz Brands's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $61 Mil. Utz Brands's average total debt for the quarter that ended in Dec. 2023 was $994 Mil. Therefore, Utz Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.11%.


Utz Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for Utz 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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Utz Brands Effective Interest Rate on Debt % Chart

Utz Brands Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 6.81 - 3.59 4.47 5.97

Utz Brands 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 4.88 5.75 5.66 5.80 6.11

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

For the Packaged Foods subindustry, Utz 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.


Utz Brands's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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



Utz Brands Effective Interest Rate on Debt % Calculation

Utz Brands'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  *  -59.034/( (992.455+985.34)/ 2 )
=-1  *  -59.034/988.8975
=5.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=949.005 + 43.45
=992.455

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=941.613 + 43.727
=985.34

Utz Brands'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  *  -60.736/( (1002.851+985.34)/ 2 )
=-1  *  -60.736/994.0955
=6.11 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=959.017 + 43.834
=1002.851

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=941.613 + 43.727
=985.34

* 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.


Utz Brands  (NYSE:UTZ) Effective Interest Rate on Debt % Explanation

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


Utz Brands Effective Interest Rate on Debt % Related Terms

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Utz Brands (Utz Brands) Business Description

Traded in Other Exchanges
N/A
Address
900 High Street, Hanover, PA, USA, 17331
Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, pretzels, cheese snacks, pork skins, pub/party mixes, and veggie snacks. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.
Executives
Theresa Robbins Shea officer: EVP and General Counsel 900 HIGH STREET, HANOVER PA 17331
Jennifer Bentz officer: EVP, Insights, Innov & Mktg 900 HIGH STREET, HANOVER PA 17331
Dylan Lissette director, officer: Chief Executive Officer 860 WESTMINSTER AVENUE, HANOVER PA 17331
Roger K Deromedi director, 10 percent owner, officer: Chairman 900 HIGH STREET, HANOVER PA 17331
Chinh Chu 10 percent owner THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Cc Collier Holdings, Llc 10 percent owner C/O CC CAPITAL, 200 PARK AVENUE, 58TH FLOOR, NEW YORK NY 10166
Howard A Friedman director, officer: CEO 900 HIGH STREET, HANOVER PA 17331
Chad Whyte officer: EVP, Supply Chain 900 HIGH STREET, HANOVER PA 17331
Pamela J Stewart director 900 HIGH STREET, HANOVER PA 17331
Shannan Redcay officer: EVP, Manufacturing 900 HIGH STREET, HANOVER PA 17331
Cary Devore officer: EVP & CFO 900 HIGH STREET, HANOVER PA 17331
Shane Chambers officer: EVP & Chief Growth Officer 900 HIGH STREET, HANOVER PA 17331
John W Altmeyer director 946 HIGHMEADOW COURT, LANCASTER PA 17601
Antonio F. Fernandez director C/O PINNACLE FOODS INC., 399 JEFFERSON ROAD, PARSIPPANY NJ 07054
Ajay Kataria officer: EVP, Finance & Accounting 900 HIGH STREET, HANOVER PA 17331