SIFCO Industries (SIFCO Industries) Effective Interest Rate on Debt % : 4.53% (As of Sep. 2023)

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What is SIFCO 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. SIFCO Industries's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $1.72 Mil. SIFCO Industries's average total debt for the quarter that ended in Sep. 2023 was $37.92 Mil. Therefore, SIFCO Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.53%.

SIFCO Industries Effective Interest Rate on Debt % Historical Data

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

SIFCO Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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3.98

2.72

1.61

1.79

3.74

SIFCO Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.28	3.15	3.81	3.28	4.53

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

For the Aerospace & Defense subindustry, SIFCO 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.

SIFCO Industries's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, SIFCO Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

SIFCO Industries Effective Interest Rate on Debt % Calculation

SIFCO Industries'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 * -1.348	/	( (34.628	+	37.455)	/ 2 )
=	-1 * -1.348	/	36.0415
=	3.74 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.294	+	16.334
=	34.628

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.477	+	20.978
=	37.455

SIFCO Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.716	/	( (38.386	+	37.455)	/ 2 )
=	-1 * -1.716	/	37.9205
=	4.53 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.197	+	21.189
=	38.386

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.477	+	20.978
=	37.455

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

SIFCO Industries (AMEX:SIF) Effective Interest Rate on Debt % Explanation

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

SIFCO Industries Effective Interest Rate on Debt % Related Terms

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SIFCO Industries (SIFCO Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » SIFCO Industries Inc (AMEX:SIF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

970 East 64th Street, Cleveland, OH, USA, 44103

Website

https://www.sifco.com

SIFCO Industries Inc is engaged in the production of forgings and machined components for the Aerospace and Energy, Defense and Commercial Space markets. Its processes and services include forging, heat-treating and machining. It serves original equipment manufacturers (OEM) as well as aftermarket customers. Its products are made of steel, stainless steel, titanium and aluminium and include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters and industrial products. Substantial revenue is derived from North America as well as operates in Europe.

Executives

Wells Norman E Jr.	director	PO BOX 609, AURORA OH 44202
Alayne L Reitman	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Peter William Knapper	director, officer: President & CEO	5924 MEDALLION DRIVE, WESTERVILLE OH 43082
Molten Donald C Jr.	director	970 EAST 64TH STREET, CLEVELAND OH 44103
Mark J Silk	director, 10 percent owner	4946 AZUSA CANYON ROAD, IRWINDALE CA 91706
Hudson Smith	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Thomas Robert Kubera	officer: Corporate Controller	1327 SPRUCEDALE ROAD, BROADVIEW HEIGHTS OH 44147
Jeffrey P Gotschall	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Salvatore Incanno	officer: VP of Finance & CFO	970 E. 64TH ST, CLEVELAND OH 44103
John Sr Chapman	director	970 EAST 64TH STREET, CLEVELAND OH 44103
Dennis Paul Hido	officer: Corporate Controller	21 EMERALD COURT, CANFIELD OH 44406
Catherine Marie Kramer	officer: Vice President-Finance & CFO	14388 CASTLEREAGH LANE, STRONSVILLE OH 44136
Frank N Nichols	director	8646 CARDINAL DRIVE, KIRTLAND OH 44094
Frank A Cappello	officer: Vice President Finance and CFO	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Miller P Charles Jr	director	SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103