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Sypris Solutions (Sypris Solutions) Effective Interest Rate on Debt % : 6.70% (As of Dec. 2023)


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What is Sypris Solutions 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. Sypris Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.0 Mil. Sypris Solutions's average total debt for the quarter that ended in Dec. 2023 was $14.7 Mil. Therefore, Sypris Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.70%.


Sypris Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Sypris Solutions'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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Sypris Solutions Effective Interest Rate on Debt % Chart

Sypris Solutions 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 6.67 4.59 4.65 6.49 4.86

Sypris Solutions 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 7.97 5.87 5.08 3.77 6.70

Competitive Comparison of Sypris Solutions's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Sypris Solutions'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.


Sypris Solutions's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sypris Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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



Sypris Solutions Effective Interest Rate on Debt % Calculation

Sypris Solutions'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  *  -0.777/( (16.141+15.824)/ 2 )
=-1  *  -0.777/15.9825
=4.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.973 + 5.168
=16.141

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.311 + 3.513
=15.824

Sypris Solutions'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  *  -0.984/( (13.558+15.824)/ 2 )
=-1  *  -0.984/14.691
=6.70 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.146 + 3.412
=13.558

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.311 + 3.513
=15.824

* 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.


Sypris Solutions  (NAS:SYPR) Effective Interest Rate on Debt % Explanation

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


Sypris Solutions Effective Interest Rate on Debt % Related Terms

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Sypris Solutions (Sypris Solutions) Business Description

Traded in Other Exchanges
N/A
Address
101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222
Sypris Solutions Inc is a us based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.
Executives
Richard L Davis officer: Senior Vice President 101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Rebecca R Eckert officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Anthony C Allen officer: VP of Finance & IT/Asst. Sec. 101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Jeffrey T Gill director, 10 percent owner, officer: President & CEO 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Gary L Convis director 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
William G Ferko director 7419 CEDAR BLUFF CT, PROSPECT KY 40059
Stephen W Straub officer: Vice President Operations 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert E Gill director, 10 percent owner, officer: Chairman 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert F Lentz director 1311 VIA TOSCANA WAY, SUN CITY CENTER FL 33573
Paul G Larochelle other: VP and Pres. of Subsidiary 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Brian A. Lutes officer: VP & CFO 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
John James Walsh other: President of Subsidiary 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
French Mitchel Glen Jr officer: Principal Accounting Officer, other: Controller 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
De Carvalho Sergio L other: VP and Pres. of Subsidiary 101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Petersen Sidney R/ca director 150 N. ORANGE GROVE BLVD, PASADENA CA 91103