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Surge Components (Surge Components) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)


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What is Surge Components 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. Surge Components's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.00 Mil. Surge Components's average total debt for the quarter that ended in Feb. 2024 was $1.45 Mil. Therefore, Surge Components's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.00%.


Surge Components Effective Interest Rate on Debt % Historical Data

The historical data trend for Surge Components'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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Surge Components Effective Interest Rate on Debt % Chart

Surge Components Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.34 0.19 0.05 - -

Surge Components Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - - - -

Competitive Comparison of Surge Components's Effective Interest Rate on Debt %

For the Electronics & Computer Distribution subindustry, Surge Components'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.


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

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

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



Surge Components Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  0/( (1.474+1.489)/ 2 )
=-1  *  0/1.4815
=0.00 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.165 + 0.309
=1.474

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.137 + 0.352
=1.489

Surge Components's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  0/( (1.489+1.42)/ 2 )
=-1  *  0/1.4545
=0.00 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.137 + 0.352
=1.489

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.112 + 0.308
=1.42

* 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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Surge Components  (OTCPK:SPRS) Effective Interest Rate on Debt % Explanation

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


Surge Components Effective Interest Rate on Debt % Related Terms

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Surge Components (Surge Components) Business Description

Industry
Traded in Other Exchanges
N/A
Address
95 East Jefryn Boulevard, Deer Park, New York, NY, USA, 11729
Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.
Executives
Peter Levy director C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Michael D Tofias 10 percent owner 325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282
Steven J Lubman director, officer: VP, Secretary, Director 1016 GRAND BLVD, DEER PARK NY 11729
Martin Novick director
Alan Plafker director 24 SYLVIA ROAD, PLAINVIEW NY 11803
Gary Mark Jacobs director 15 HOOVER STREET, INWOOD NY 11096
Lawrence Chariton director 30 ROCKAWAY PLACE, MASSAPEQUA NY 11758
Ira Levy director, officer: Chief Executive Officer
David Siegel director 95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729

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