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Iconic Brands (Iconic Brands) Effective Interest Rate on Debt % : 6.25% (As of Mar. 2023)


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What is Iconic 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. Iconic Brands's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.68 Mil. Iconic Brands's average total debt for the quarter that ended in Mar. 2023 was $10.94 Mil. Therefore, Iconic Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 6.25%.


Iconic Brands Effective Interest Rate on Debt % Historical Data

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

Iconic Brands Annual Data
Trend Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.29 - - 6.40 8.27

Iconic Brands Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 7.55 8.96 7.14 6.49 6.25

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

For the Beverages - Wineries & Distilleries subindustry, Iconic 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.


Iconic Brands's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Iconic Brands's Effective Interest Rate on Debt % distribution charts can be found below:

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



Iconic Brands Effective Interest Rate on Debt % Calculation

Iconic Brands'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  *  -0.793/( (8.409+10.758)/ 2 )
=-1  *  -0.793/9.5835
=8.27 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.983 + 5.426
=8.409

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.019 + 5.739
=10.758

Iconic Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -0.684/( (10.758+11.12)/ 2 )
=-1  *  -0.684/10.939
=6.25 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.019 + 5.739
=10.758

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.822 + 6.298
=11.12

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


Iconic Brands  (OTCPK:ICNB) Effective Interest Rate on Debt % Explanation

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


Iconic Brands Effective Interest Rate on Debt % Related Terms

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Iconic Brands (Iconic Brands) Business Description

Traded in Other Exchanges
N/A
Address
44 Seabro Avenue, Amityville, NY, USA, 11701
Iconic Brands Inc is engaged in the development and sale of alcohol and non-alcohol brands that are Better-for-You (BFY) and Better-for-the-Planet. The company's brands include Bellissima by Christie Brinkley, a premium BFY collection of Prosecco, Sparkling Wines, and Still Wines, all certified vegan and made with organic grapes. The Company has two reportable segments: the sale of branded alcoholic beverages segment includes the development and sale of alcohol and non-alcohol brands that are BFY and better-for-the-planet and the specialty packaging segment includes the packaging of low-calorie, ready-to-go products, RTF products, and RTD products in sustainable, flexible and stand-up pouch packaging.
Executives
David R Allen officer: Chief Financial Officer C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Larry Romer officer: Chief Executive Officer 44 SEABRO AVENUE, AMITYVILLE NY 11701
Roseann Faltings director, officer: Vice President and Director 44 SEABRO AVENUE, AMITYVILLE NY 11701
Innoaccel Investments Llc 10 percent owner 247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
John Cosenza officer: Chief Operating Officer 44 SEABRO AVENUE, AMITYVILLE NY 11701
Thomas A. Belton 10 percent owner 247 E. DARK HOLLOW RD., PIPERSVILLE PA 18947
Richard J Decicco director, 10 percent owner, officer: CEO, Director 44 SEABRO AVENUE, AMITYVILLE NY 11701
William S. Blacker officer: Chief Financial Officer, other: V.P of Finance & Adminstration C/O HARBREW IMPORTS LTD. CORP., 102 BUFFALO AVENUE, FREEPORT NY 11520
Edd Cockerill director, officer: President, CEO & CFO 1921 DENVER WEST COURT, #2022, GOLDEN CO 80401