Ampco-Pittsburgh (Ampco-Pittsburgh) Effective Interest Rate on Debt % : 7.71% (As of Dec. 2023)

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What is Ampco-Pittsburgh 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. Ampco-Pittsburgh's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $10.3 Mil. Ampco-Pittsburgh's average total debt for the quarter that ended in Dec. 2023 was $133.0 Mil. Therefore, Ampco-Pittsburgh's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.71%.

Ampco-Pittsburgh Effective Interest Rate on Debt % Historical Data

The historical data trend for Ampco-Pittsburgh'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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Ampco-Pittsburgh Effective Interest Rate on Debt % Chart

Ampco-Pittsburgh Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.00

7.05

6.75

6.25

7.71

Ampco-Pittsburgh 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															6.64	7.42	7.45	7.60	7.71

Competitive Comparison of Ampco-Pittsburgh's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Ampco-Pittsburgh'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.

Ampco-Pittsburgh's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ampco-Pittsburgh's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ampco-Pittsburgh's Effective Interest Rate on Debt % falls into.

Ampco-Pittsburgh Effective Interest Rate on Debt % Calculation

Ampco-Pittsburgh'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 * -9.347	/	( (108.992	+	133.421)	/ 2 )
=	-1 * -9.347	/	121.2065
=	7.71 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.947	+	13.045
=	108.992

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.204	+	13.217
=	133.421

Ampco-Pittsburgh'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 * -10.252	/	( (132.658	+	133.421)	/ 2 )
=	-1 * -10.252	/	133.0395
=	7.71 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	118.104	+	14.554
=	132.658

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.204	+	13.217
=	133.421

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.

Ampco-Pittsburgh (NYSE:AP) Effective Interest Rate on Debt % Explanation

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

Ampco-Pittsburgh Effective Interest Rate on Debt % Related Terms

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Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ampco-Pittsburgh Corp (NYSE:AP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

726 Bell Avenue, Suite 301, Carnegie, PA, USA, 15106

Website

http://www.ampcopgh.com

Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.

Executives

Darrell L Mcnair	director	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Frederick D. Disanto	director	6060 PARKLAND, SUITE 200, CLEVELAND OH 44124
David George Anderson	officer: President,Air&Liq. Proc. Group	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Robert Demichiei	director	726 BELL AVE., SUITE 301, PO BOX 457, CARNEGIE PA 15106
Michael G Mcauley	officer: CFO & Treasurer	1550 CORAOPOLIS HEIGHTS ROAD, SUITE 500, PITTSBURGH PA 15108
Louis Berkman Investment Co	10 percent owner	330 N. SEVENTH STREET, STEUBENVILLE OH 43952
Brett Mcbrayer	director, officer: Chief Executive Officer	726 BELL AVENUE, SUITE 301, CARNEGIE PA 15106
Pforzheimer Carl H Ii	director	CARL H PFORZHEIMER & CO, 650 MADISON 23 FLOOR, NEW YORK NY 10022
Samuel Lyon	officer: President of Union Electric	C/O UNION ELECTRIC STEEL CORPORATION, 726 BELL AVENUE, CARNEGIE PA 15106
Elizabeth Anne Fessenden	director	1137 WEST AVENUE, RICHMOND VA 23220
Crawford United Corp	other: Member of 10% owner group	10514 DUPONT AVE, CLEVELAND OH 44108
Edward F Crawford	other: Member of 10% owner group
2006 Irrevocable Trust Of Laura W. Van Loan For The Benefit Of Mary M. Crawford	other: Member of 10% owner group	6065 PARKLAND BOULEVARD, CLEVELAND OH 44124
Altor Ii Aggregator Topco Ltd	10 percent owner	11-15 SEATON PLACE, ST. HELIER Y9 JE4 0QH
Terry L Dunlap	director	1000 SIX PPG PLACE, PITTSBURGH PA 15222