Flexsteel Industries (Flexsteel Industries) Effective Interest Rate on Debt % : 2.05% (As of Dec. 2023)

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What is Flexsteel Industries 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. Flexsteel Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.0 Mil. Flexsteel Industries's average total debt for the quarter that ended in Dec. 2023 was $95.3 Mil. Therefore, Flexsteel Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.05%.

Flexsteel Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Flexsteel Industries'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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Flexsteel Industries Effective Interest Rate on Debt % Chart

Flexsteel Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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0.68

0.04

1.49

1.50

Flexsteel Industries 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															1.29	1.15	1.88	2.24	2.05

Competitive Comparison of Flexsteel Industries's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries'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.

Flexsteel Industries's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Flexsteel Industries Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -1.341	/	( (78.092	+	100.426)	/ 2 )
=	-1 * -1.341	/	89.259
=	1.50 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.731	+	6.361
=	78.092

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	93.247	+	7.179
=	100.426

Flexsteel Industries'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 * -1.956	/	( (103.403	+	87.276)	/ 2 )
=	-1 * -1.956	/	95.3395
=	2.05 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96.076	+	7.327
=	103.403

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79.711	+	7.565
=	87.276

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.

Flexsteel Industries (NAS:FLXS) Effective Interest Rate on Debt % Explanation

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

Flexsteel Industries Effective Interest Rate on Debt % Related Terms

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Flexsteel Industries (Flexsteel Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Flexsteel Industries Inc (NAS:FLXS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 Bell Street, Dubuque, IA, USA, 52001-0877

Website

https://www.flexsteel.com

Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.

Executives

Timothy Patrick Newlin	officer: VP - Home Furnishings	P.O. BOX 877, DUBUQUE IA 52004-0877
Derek P Schmidt	officer: CFO & COO	385 BELL STREET, DUBUQUE IA 52001
Jeanne Mcgovern	director	10003 WOODLOCH FOREST DRIVE, THE WOODLANDS TX 77380
Gilbert Alejandro Huerta	officer: CFO	P.O. BOX 877, DUBUQUE IA 52004
Thomas M Levine	director	P. O. BOX 877, DUBUQUE IA 52004
Kathryn P Dickson	director	1245 CEDAR LAKE ROAD S., MINNEAPOLIS MN 55416
Michael Scott Culbreth	director	3102 SHAWNEE DRIVE, WINCHESTER VA 22601
William S. Creekmuir	director	SIX CONCOURSE PARKWAY, SUITE 3300-A, ATLANTA GA 30328
Matthew Kaness	director	P.O. BOX 877, DUBUQUE IA 52004
Michael Joseph Mcclaflin	officer: Chief Information Officer	P.O. BOX 877, DUBUQUE IA 52004-0877
Jerald K Dittmer	officer: President & CEO	P.O. BOX 877, DUBUQUE IA 52004
Mary C Bottie	director	P. O. BOX 877, DUBUQUE IA 52004
Terrence Heath Willis	officer: VP - Direct Commerce	P.O. BOX 877, DUBUQUE IA 52004-0877
Hayden Carl Anthony Jr.	officer: VP - Manufacturing	P.O. BOX 877, DUBUQUE IA 52004-0877
Marcus D Hamilton	officer: Chief Financial Officer	P. O. BOX 877, DUBUQUE IA 52004