Radiant Logistics (Radiant Logistics) Effective Interest Rate on Debt % : 1.88% (As of Dec. 2023)

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What is Radiant Logistics 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. Radiant Logistics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.2 Mil. Radiant Logistics's average total debt for the quarter that ended in Dec. 2023 was $61.9 Mil. Therefore, Radiant Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.88%.

Radiant Logistics Effective Interest Rate on Debt % Historical Data

The historical data trend for Radiant Logistics'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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Radiant Logistics Effective Interest Rate on Debt % Chart

Radiant Logistics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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7.15

5.45

3.61

3.36

3.49

Radiant Logistics 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															2.76	2.50	4.89	1.81	1.88

Competitive Comparison of Radiant Logistics's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Radiant Logistics'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.

Radiant Logistics's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Radiant Logistics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Radiant Logistics Effective Interest Rate on Debt % Calculation

Radiant Logistics'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 * -3.273	/	( (118.511	+	69.241)	/ 2 )
=	-1 * -3.273	/	93.876
=	3.49 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	105.718	+	12.793
=	118.511

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.241	+	16
=	69.241

Radiant Logistics'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 * -1.164	/	( (63.963	+	59.767)	/ 2 )
=	-1 * -1.164	/	61.865
=	1.88 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.507	+	14.456
=	63.963

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.823	+	12.944
=	59.767

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.

Radiant Logistics (AMEX:RLGT) Effective Interest Rate on Debt % Explanation

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

Radiant Logistics Effective Interest Rate on Debt % Related Terms

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Radiant Logistics (Radiant Logistics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Radiant Logistics Inc (AMEX:RLGT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

3GT:Germany

Address

Triton Tower Two, 700 S Renton Village Place, Seventh Floor, Renton, WA, USA, 98057

Website

https://www.radiantdelivers.com

Radiant Logistics Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services to customers based in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less-than-truckload (LTL) services, and intermodal services. The company has two geographic operating segments: the United States and Canada. Maximum revenue is generated in the United States.

Executives

Arnold Goldstein	officer: Chief Commercial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Smith Kristin Elisabeth Toth	director	700 S. RENTON VILLAGE PLACE, TRITON TOWERS TWO, SEVENTH FLOOR, RENTON WA 98057
Todd Macomber	officer: Chief Accounting Officer	4313 107TH PLACE NE, KIRKLAND WA 98033
E Joseph Bento	officer: COO, Radiant Global Logistics	15350 VICKERY DR, HOUSTON TX 77032
John Sobba	officer: General Counsel	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Bohn H Crain	director, 10 percent owner, officer: Chief Executive Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Michael E Gould	director	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen P Harrington	director	111 PRESIDENTIAL BOULEVARD, SUITE 158 A, BALA CYNWYD PA 19004
Hines Robert L. Jr.	officer: SVP/General Counsel/Secretary	C/O RADIANT LOGISTICS, INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Richard P Palmieri	director	C/O RADIANT LOGISTICS INC., 405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Peter C Jamieson	officer: SVP Country Manager Canada	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE NJ 98004
Tim Boyce	officer: COO Rail and Truck Brokerage	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Jack P Edwards	director	24624 SE OLD BLACK NUGGET ROAD, ISSAQUAH WA 98029
Alesia Lee Pinney	officer: General Counsel/Secretary	AVALARA, INC., 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Douglas Tabor	10 percent owner	401 N. CARROLL #194, SOUTHLAKE TX 76092