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Sanderson Farms (Sanderson Farms) Effective Interest Rate on Debt % : 10.11% (As of Apr. 2022)


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What is Sanderson Farms 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. Sanderson Farms's annualized positive value of Interest Expense for the quarter that ended in Apr. 2022 was $2 Mil. Sanderson Farms's average total debt for the quarter that ended in Apr. 2022 was $22 Mil. Therefore, Sanderson Farms's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2022 was 10.11%.


Sanderson Farms Effective Interest Rate on Debt % Historical Data

The historical data trend for Sanderson Farms'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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Sanderson Farms Effective Interest Rate on Debt % Chart

Sanderson Farms Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 7.56 8.62 5.39

Sanderson Farms Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
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 3.11 4.22 7.78 8.79 10.11

Competitive Comparison of Sanderson Farms's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Sanderson Farms'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.


Sanderson Farms's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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



Sanderson Farms Effective Interest Rate on Debt % Calculation

Sanderson Farms's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2020 )+Total Debt  (A: Oct. 2021 ))/ count )
=-1  *  -2.534/( (65.785+28.311)/ 2 )
=-1  *  -2.534/47.048
=5.39 %

where

Total Debt  (A: Oct. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=51.804 + 13.981
=65.785

Total Debt  (A: Oct. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16.122 + 12.189
=28.311

Sanderson Farms's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2022 )+Total Debt  (Q: Apr. 2022 ))/ count )
=-1  *  -2.268/( (24.184+20.69)/ 2 )
=-1  *  -2.268/22.437
=10.11 %

where

Total Debt  (Q: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.477 + 10.707
=24.184

Total Debt  (Q: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.57 + 9.12
=20.69

* 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 (Apr. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sanderson Farms  (NAS:SAFM) Effective Interest Rate on Debt % Explanation

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


Sanderson Farms Effective Interest Rate on Debt % Related Terms

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Sanderson Farms (Sanderson Farms) Business Description

Traded in Other Exchanges
N/A
Address
127 Flynt Road, Laurel, MS, USA, 39443
Sanderson Farms Inc is a dressed-chicken processor in the United States, producing and selling a variety of fresh, frozen, and value-added chicken products to grocers, food-service operators, and distributors. Most revenue is generated in the Southeastern, Southwestern, Northeastern, and Western United States. The company's product portfolio consists of tray packs and large birds, catering to grocery and food-service customers. It sells chill-packed, ice-packed, bulk-packed, and frozen chicken in whole, cut-up, and boneless form under the brand name Sanderson Farms to retailers, distributors, and casual dining operators in the United States.
Executives
Toni D Cooley director 253 OLD JACKSON ROAD, MADISON MS 39110
Phil K Livingston director C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
John Bierbusse director 3500 NORTH LAKE SHORE DRIVE #14A CHICAGO IL 60657
Lampkin Butts director, officer: Vice President, Sales C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
Robert C Khayat director PO BOX 1848 UNIVERSITY MS 38677
Sonia Perez director 127 FLYNT ROAD, LAUREL MS 39443
Jones Gail Pittman director C/O SANDERSON FARMS INC PO BOX 988 225 N 13TH AVE LAUREL MS 39441-0988
Green Edith Kelly director 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118
John David Barksdale director 127 FLYNT ROAD, LAUREL MS 39443
Banks Fred L Jr director 111 EAST CAPITOL STREET SUITE 600 JACKSON MS 39201-2122
Dianne Mooney director 7449 ASHLAND LANE BIRMINGHAM AL 35242
Suzanne T Mestayer director 1100 POYDRAS STREET NEW ORLEANS LA 70163
D Michael Cockrell director, officer: Treasurer & CFO C/O SANDERSON FARM 225 N 13TH AVE LAUREL MS 39441-0998
Beverly W Hogan director
Baker John H Iii director C/O SANDERSON FARMS INC 225 N 13TH AVE LAUREL MS 39441