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Clearfield (Clearfield) Effective Interest Rate on Debt % : 2.38% (As of Dec. 2023)


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What is Clearfield 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. Clearfield's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.5 Mil. Clearfield's average total debt for the quarter that ended in Dec. 2023 was $21.1 Mil. Therefore, Clearfield's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.38%.


Clearfield Effective Interest Rate on Debt % Historical Data

The historical data trend for Clearfield'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.

* Premium members only.

Clearfield Effective Interest Rate on Debt % Chart

Clearfield Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 27.58 18.78 1.58 2.96

Clearfield 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 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 3.45 2.10 3.16 5.39 2.38

Competitive Comparison of Clearfield's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Clearfield'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.


Clearfield's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Clearfield's Effective Interest Rate on Debt % distribution charts can be found below:

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



Clearfield Effective Interest Rate on Debt % Calculation

Clearfield's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.881/( (36.854+22.767)/ 2 )
=-1  *  -0.881/29.8105
=2.96 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.078 + 7.776
=36.854

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.629 + 12.138
=22.767

Clearfield'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  *  -0.504/( (22.767+19.53)/ 2 )
=-1  *  -0.504/21.1485
=2.38 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.629 + 12.138
=22.767

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.973 + 9.557
=19.53

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Clearfield  (NAS:CLFD) Effective Interest Rate on Debt % Explanation

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


Clearfield Effective Interest Rate on Debt % Related Terms

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Clearfield (Clearfield) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Clearfield Inc (NAS:CLFD) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
7050 Winnetka Avenue North, Suite 100, Brooklyn Park, MN, USA, 55428
Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.
Executives
Carol Ann Wirsbinski director 7050 WINNETKA AVE. N., STE. 100, BROOKLYN PARK MN 55428
Ronald G Roth director 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Jones Walter Louis Jr director 7050 WINNETKA AVE N,, SUITE 100, BROOKLYN PARK MN 55428
Roger G Harding director 7050 WINNETKA AVE. N. SUITE 100, BROOKLYN PARK MN 55428
Donald R. Hayward director 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Daniel R Herzog other: Comptroller 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Cheri B Podzimek other: President of Subsidiary 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
John P Hill officer: Chief Operating Officer 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Charles N Hayssen director 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Patrick Goepel director 7050 WINNETKA AVE N, SUITE 100, BROOKLYN PARK MN 55428
Clearfield, Inc. director, officer: Chief Executive Officer 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Zucherman Stephen L Md director 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Reddan John G Jr director 7050 WINNETKA AVE. N., SUITE 100, BROOKLYN PARK MN 55428
Bruce G. Blackey officer: Chief Financial Officer 5480 NATHAN LANE #120, PLYMOUTH MN 55442
Anil K Jain director 4 WEST BAY LANE, NORTH OAKS MN 55127