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Next Meats Holdings (Next Meats Holdings) Effective Interest Rate on Debt % : 1.12% (As of Jan. 2024)


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What is Next Meats Holdings 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. Next Meats Holdings's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.01 Mil. Next Meats Holdings's average total debt for the quarter that ended in Jan. 2024 was $0.71 Mil. Therefore, Next Meats Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.12%.


Next Meats Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Next Meats Holdings'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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Next Meats Holdings Effective Interest Rate on Debt % Chart

Next Meats Holdings Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Effective Interest Rate on Debt %
- - 1.47 2.65

Next Meats Holdings Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.53 5.49 1.58 1.41 1.12

Competitive Comparison of Next Meats Holdings's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Next Meats Holdings'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.


Next Meats Holdings's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Next Meats Holdings's Effective Interest Rate on Debt % falls into.



Next Meats Holdings Effective Interest Rate on Debt % Calculation

Next Meats Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2022 )+Total Debt  (A: Apr. 2023 ))/ count )
=-1  *  -0.009/( (0.272+0.406)/ 2 )
=-1  *  -0.009/0.339
=2.65 %

where

Total Debt  (A: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.359 + 0.047
=0.406

Next Meats Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -0.008/( (0.523+0.906)/ 2 )
=-1  *  -0.008/0.7145
=1.12 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.185 + 0.338
=0.523

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.469 + 0.437
=0.906

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Next Meats Holdings  (OTCPK:NXMH) Effective Interest Rate on Debt % Explanation

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


Next Meats Holdings Effective Interest Rate on Debt % Related Terms

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Next Meats Holdings (Next Meats Holdings) Business Description

Traded in Other Exchanges
N/A
Address
3F 1-16-13 Ebisu Minami Shibuya-ku, Tokyo, JPN, 150-0022
Next Meats Holdings Inc. is a Japanese Company that operates in the alternative meat industry. It currently offers, and plans to continue to offer, amongst other things, artificial chicken and beef products made from meat substitutes. As will be described later on, Next Meats Co., Ltd. is now a wholly-owned subsidiary of the Company.
Executives
Koichi Ishizuka director, 10 percent owner, officer: CEO, CFO 3-1-21, CHUO, NAKANO-KU, TOKYO M0 164-0011
White Knight Co., Ltd. 10 percent owner 3F K MINAMIAOYAMA, 6-6-20 MINAMIAOYAMA, MINATO-KU, TOKYO M0 107-0062
Hideyuki Sasaki director, 10 percent owner, officer: Chief Operating Officer 5-2-4 NISHI, HANYU-SHI, SAITAMA M0 348-0054
Ryo Shirai director, 10 percent owner, other: Chairman of the Board 4-380-4- NAKAZAWA, NAGAOKA-SHI, NIIGATA M0 940-0853
Next Meats Co., Ltd 10 percent owner 3F 1-16-13 EBISU MINAMI, SHIBUYA-KU, TOKYO M0 150-0022
Flint Consulting Services, Llc 10 percent owner 780 RESERVOIR AVE #123, CRANSTON RI 029910

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