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Stryve Foods (Stryve Foods) Effective Interest Rate on Debt % : 9.74% (As of Mar. 2024)


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What is Stryve Foods 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. Stryve Foods's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.33 Mil. Stryve Foods's average total debt for the quarter that ended in Mar. 2024 was $23.95 Mil. Therefore, Stryve Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.74%.


Stryve Foods Effective Interest Rate on Debt % Historical Data

The historical data trend for Stryve Foods'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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Stryve Foods Effective Interest Rate on Debt % Chart

Stryve Foods Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
11.00 13.35 5.33 17.19

Stryve Foods Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 8.20 17.97 19.85 19.58 9.74

Competitive Comparison of Stryve Foods's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Stryve Foods'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.


Stryve Foods's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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



Stryve Foods Effective Interest Rate on Debt % Calculation

Stryve Foods'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  *  -3.632/( (18.274+23.973)/ 2 )
=-1  *  -3.632/21.1235
=17.19 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.931 + 2.343
=18.274

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.348 + 8.625
=23.973

Stryve Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -2.332/( (23.973+23.931)/ 2 )
=-1  *  -2.332/23.952
=9.74 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.348 + 8.625
=23.973

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.191 + 8.74
=23.931

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


Stryve Foods  (NAS:SNAX) Effective Interest Rate on Debt % Explanation

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


Stryve Foods Effective Interest Rate on Debt % Related Terms

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Stryve Foods (Stryve Foods) Business Description

Traded in Other Exchanges
N/A
Address
5801 Tennyson Parkway, Suite 275, Plano, TX, USA, 75024
Stryve Foods Inc is focused on manufacturing and marketing highly differentiated healthy snacks that disrupt traditional snacking categories. It offers convenient snacks that are lower in sugar and carbohydrates and higher in protein than other snacks. Stryve offers all-natural, delicious snacks which it believes are a nutritious and conveniently healthy snacking option for on-the-go lives.
Executives
Christopher J. Boever director, officer: CEO C/O THE HAIN CELESTIAL GROUP, INC., 1111 MARCUS AVENUE, LAKE SUCCESS NY 11042
B. Luke Weil director CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX
Kevin Vivian director 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Mauricio Orellana director 250 WEST 57TH ST., NEW YORK NY 10107
Alex Hawkins officer: CFO 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Chris Whitehair director 7301 OHMS LANE SUITE 600, EDINA MN 55439
Ramsey Robert D. Iii director 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Ted Casey director 5801 TENNYSON PKWY SUITE 275, PLANO TX 75024
Gregory Stephen Christenson director 500 WEST 5TH STREET, AUSTIN TX 78701
Joe A Oblas director, officer: Co-Chief Executive Officer 65 INVERNESS DRIVE EAST, SUITE 105, ENGLEWOOD CO 80112
Charles D Vogt director TEKELEC, 26580 WEST AGOURA ROAD, CALABASAS CA 91302
Efrem Kamen 10 percent owner C/O PURA VIDA INVESTMENTS, LLC, 512 W 22ND STREET, 7TH FLOOR, NEW YORK NY 10011
Pura Vida Investments, Llc 10 percent owner 512 W 22ND STREET, 7TH FLOOR, NEW YORK NY 10011
Jaxie S. Alt director, officer: Co-CEO & CMO 5301 LEGACY DRIVE, PLANO TX 75024
Stryve Foods Holdings, Llc 10 percent owner 5801 TENNYSON PARKWAY, SUITE 275, PLANO TX 75024