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The Dixie Group (The Dixie Group) Effective Interest Rate on Debt % : 6.03% (As of Dec. 2023)


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What is The Dixie Group 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. The Dixie Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6.9 Mil. The Dixie Group's average total debt for the quarter that ended in Dec. 2023 was $113.7 Mil. Therefore, The Dixie Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.03%.


The Dixie Group Effective Interest Rate on Debt % Historical Data

The historical data trend for The Dixie Group'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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The Dixie Group Effective Interest Rate on Debt % Chart

The Dixie Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.29 5.44 4.74 4.83 6.20

The Dixie Group 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 6.23 6.05 6.14 6.20 6.03

Competitive Comparison of The Dixie Group's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, The Dixie Group'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.


The Dixie Group's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, The Dixie Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



The Dixie Group Effective Interest Rate on Debt % Calculation

The Dixie Group'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  *  -7.217/( (120.874+112.081)/ 2 )
=-1  *  -7.217/116.4775
=6.20 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=113.527 + 7.347
=120.874

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.197 + 7.884
=112.081

The Dixie Group'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  *  -6.856/( (115.393+112.081)/ 2 )
=-1  *  -6.856/113.737
=6.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.372 + 6.021
=115.393

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.197 + 7.884
=112.081

* 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.


The Dixie Group  (NAS:DXYN) Effective Interest Rate on Debt % Explanation

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


The Dixie Group Effective Interest Rate on Debt % Related Terms

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The Dixie Group (The Dixie Group) Business Description

Traded in Other Exchanges
Address
475 Reed Road, Dalton, GA, USA, 30720
The Dixie Group Inc is carpet and rug mills company. Its businesses consist principally of marketing, manufacturing and selling finished carpet, rugs, and luxury vinyl tile in the domestic floor covering market. The company has one reportable segment, Floor covering. The company sells floor covering products in both residential and commercial applications. Additionally, the company provides manufacturing support to its carpet businesses through its separate processing operations. Its business is primarily concentrated in areas of the soft floor covering market segment. The company provides its products under the brand of Fabrica, Masland Residential, Dixie Home, Atlas Carpet Mills, Masland Contract, and Hospitality.
Executives
Lowry F Kline director PO BOX 2007, DALTON GA 30722
Allen L Danzey officer: Chief Financial Officer PO BOX 2007, DALTON GA 30722-2007
Frierson Daniel K Jr officer: President, Masland Residential PO BOX 2007, DALTON GA 30722
Jon A Faulkner officer: VP Planning & Development PO BOX 2007, DALTON GA 30722
Daniel K Frierson director, 10 percent owner, officer: Chairman of the Board & CEO PO BOX 2007, DALTON GA 30722
W Derek Davis officer: VP - Human Resources PO BOX 2007, DALTON GA 30722
Murrey John W Iii director 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Thomas Martin Nuckols officer: Executive Vice President 475 REED ROAD, DALTON GA 30720
Blue William F Jr director PO BOX 2007, DALTON GA 30722
David E Hobbs officer: VP - Pres Masland Contract 716 BILL MYLES DRIVE, SARALAND AL 36571
Paul B Comiskey officer: Vice Pres/President Dixie Home PO BOX 2007, DALTON GA 30722
D Eugene Lasater officer: Controller 2208 S. HAMILTON STREET, DALTON GA 30721
Starr T Klein officer: Secretary PO BOX 25107, CHATTANOOGA TN 37422-5107
Michael L. Owens director PO BOX 2007, DALTON GA 30722
Vinson Lee Martin officer: VP-President Masland Contract 716 BILL MYLES DRIVE, SARALAND AL 36571

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