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Noble Roman's (Noble Roman's) Effective Interest Rate on Debt % : 18.95% (As of Dec. 2023)


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What is Noble Roman's 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. Noble Roman's's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.49 Mil. Noble Roman's's average total debt for the quarter that ended in Dec. 2023 was $13.15 Mil. Therefore, Noble Roman's's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.95%.


Noble Roman's Effective Interest Rate on Debt % Historical Data

The historical data trend for Noble Roman's'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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Noble Roman's Effective Interest Rate on Debt % Chart

Noble Roman's Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.67 15.92 9.38 12.74 12.57

Noble Roman's 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 21.95 10.37 10.45 10.35 18.95

Competitive Comparison of Noble Roman's's Effective Interest Rate on Debt %

For the Restaurants subindustry, Noble Roman's'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.


Noble Roman's's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

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

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



Noble Roman's Effective Interest Rate on Debt % Calculation

Noble Roman's'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  *  -1.744/( (14.863+12.887)/ 2 )
=-1  *  -1.744/13.875
=12.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.197 + 1.666
=14.863

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.088 + 1.799
=12.887

Noble Roman's'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  *  -2.492/( (13.416+12.887)/ 2 )
=-1  *  -2.492/13.1515
=18.95 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.617 + 1.799
=13.416

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.088 + 1.799
=12.887

* 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.


Noble Roman's  (OTCPK:NROM) Effective Interest Rate on Debt % Explanation

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


Noble Roman's Effective Interest Rate on Debt % Related Terms

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Noble Roman's (Noble Roman's) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6612 E. 75th Street, Suite 450, Indianapolis, IN, USA, 46250
Noble Roman's Inc is a restaurant operator. It sells and services franchises and licenses for non-traditional foodservice operations and stand-alone locations under the trade names Noble Roman's Pizza, Noble Roman's Take-N-Bake, Noble Roman's Craft Pizza and Pub, and Tuscano's Italian Style Subs. It is known for pizza and sub sandwiches, along with other related menu items, simple operating systems, fast service times, labor-minimizing operations, attractive food costs, and overall affordability.
Executives
Bt Brands, Inc. other: 5% owner 405 MAIN AVENUE WEST, SUITE 2D, WEST FARGO ND 58078
Robert P Stiller 10 percent owner 515 N. FLAGLER DR., SUITE 1702, WEST PALM BEACH FL 33401
Marcel Herbst director 834 W. ROSCOE ST., UNIT 2, CHICAGO X1 60657
William Wildman director 101 WEST OHIO STREET, SUITE 2000, INDIANAPOLIS IN 46204
Alan Scott Mobley director, officer: President ONE VIRGINIA AVE, SUITE 800, INDIANAPOLIS IN 46204
Douglas Harold Coape-arnold director 1000 POST ROAD, SCARSDALE NY 10583
Privet Fund Lp 10 percent owner, other: See Explanation of Responses 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Mitchell Grunat officer: VP of Franchise Services 2 OAK PARK CT, NOVATO CA 94945
Privet Fund Management Llc 10 percent owner, other: See Explanation of Responses 3280 PEACHTREE ROAD NE, SUITE 2670, ATLANTA GA 30305
Paul W Mobley director, 10 percent owner, officer: CEO, CFO
Ryan Levenson 10 percent owner, other: See Explanation of Responses 2396 DELLWOOD DRIVE, ATLANTA GA 30305
James Douglas Bales officer: Vice President of Operations 15727 GATESHEAD DRIVE, WESTFIELD IN 46074
Geovest Capital Partners, Lp 10 percent owner 1000 POST ROAD, SCARSDALE NY 10583
Jeffrey R Gaither director 111 MONUMENT CIRCLE, SUITE 2700, INDIANAPOLIS IN 46204
James F Basili director 536 GRAND STREET, SUITE 505, HOBOKEN NJ 07030