Smart Good Things Holding (XPAR:MLSGT) Effective Interest Rate on Debt % : 7.40% (As of Jun. 2023)

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What is Smart Good Things Holding 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. Smart Good Things Holding's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0.42 Mil. Smart Good Things Holding's average total debt for the quarter that ended in Jun. 2023 was €5.68 Mil. Therefore, Smart Good Things Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 7.40%.

Smart Good Things Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Smart Good Things Holding'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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Smart Good Things Holding Effective Interest Rate on Debt % Chart

Smart Good Things Holding Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

4.66

Smart Good Things Holding Semi-Annual Data
	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	-	2.37	7.40

Competitive Comparison of Smart Good Things Holding's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Smart Good Things Holding'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.

Smart Good Things Holding's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Smart Good Things Holding's Effective Interest Rate on Debt % falls into.

Smart Good Things Holding Effective Interest Rate on Debt % Calculation

Smart Good Things Holding'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 * -0.135	/	( (0.568	+	5.228)	/ 2 )
=	-1 * -0.135	/	2.898
=	4.66 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.353	+	0.215
=	0.568

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.486	+	4.742
=	5.228

Smart Good Things Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.42	/	( (5.228	+	6.126)	/ 2 )
=	-1 * -0.42	/	5.677
=	7.40 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.486	+	4.742
=	5.228

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.808	+	1.318
=	6.126

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Smart Good Things Holding (XPAR:MLSGT) Effective Interest Rate on Debt % Explanation

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

Smart Good Things Holding Effective Interest Rate on Debt % Related Terms

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Smart Good Things Holding (XPAR:MLSGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Smart Good Things Holding SA (XPAR:MLSGT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Rue Bernard Palissy, Puteaux-la-Defense, FRA, 92800

Website

https://smartgoodthings.com

Smart Good Things Holding SA is a holding company organized mainly around two business segments namely production of powdered preparations for nutritional instant drinks and development of a concierge service platform dedicated to the elderly: a platform offering services related to assistance in the small daily tasks, food shopping, support in the daily procedures.

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