BrewBilt MFG (BrewBilt MFG) Effective Interest Rate on Debt % : 32.28% (As of Sep. 2023)

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What is BrewBilt MFG 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. BrewBilt MFG's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.39 Mil. BrewBilt MFG's average total debt for the quarter that ended in Sep. 2023 was $1.20 Mil. Therefore, BrewBilt MFG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 32.28%.

BrewBilt MFG Effective Interest Rate on Debt % Historical Data

The historical data trend for BrewBilt MFG'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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BrewBilt MFG Effective Interest Rate on Debt % Chart

BrewBilt MFG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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396.51

7.73

104.81

148.02

88.60

BrewBilt MFG Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															87.63	53.76	107.22	53.64	32.28

Competitive Comparison of BrewBilt MFG's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, BrewBilt MFG'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.

BrewBilt MFG's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, BrewBilt MFG's Effective Interest Rate on Debt % distribution charts can be found below:

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

BrewBilt MFG Effective Interest Rate on Debt % Calculation

BrewBilt MFG'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 * -1.333	/	( (1.472	+	1.537)	/ 2 )
=	-1 * -1.333	/	1.5045
=	88.60 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.31	+	1.162
=	1.472

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.109	+	1.428
=	1.537

BrewBilt MFG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.388	/	( (1.237	+	1.167)	/ 2 )
=	-1 * -0.388	/	1.202
=	32.28 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.083	+	1.154
=	1.237

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.07	+	1.097
=	1.167

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

BrewBilt MFG (OTCPK:BBRW) Effective Interest Rate on Debt % Explanation

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

BrewBilt MFG Effective Interest Rate on Debt % Related Terms

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BrewBilt MFG (BrewBilt MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BrewBilt MFG Inc (OTCPK:BBRW) » Definitions » Effective Interest Rate on Debt %

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Address

110 Spring Hill Road, Suite 10, Grass Valley, CA, USA, 95945

Website

https://www.brewbilt.com

BrewBilt MFG Inc is engaged in designing and manufacturing custom brewing and fermentation equipment for craft brewers dedicated to making specialty craft beer. BrewBilt brewhouses and tanks are fabricated by skilled local welders using American stainless steel. All BrewBilt products are designed and fabricated as "food grade" quality which enables the company to build vessels for food and beverage processing. BrewBilt buys materials and components mostly from suppliers which enables BrewBilt to closely monitor quality, while the company's revenues are generated from sales to customers throughout the world a great deal of specific interest in coming from Mexico, Japan, Europe, and Australia.