Transact Technologies (Transact Technologies) Effective Interest Rate on Debt % : 4.78% (As of Dec. 2023)

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What is Transact Technologies 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. Transact Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.19 Mil. Transact Technologies's average total debt for the quarter that ended in Dec. 2023 was $4.01 Mil. Therefore, Transact Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.78%.

Transact Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Transact Technologies'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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Transact Technologies Effective Interest Rate on Debt % Chart

Transact Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.92

2.91

3.72

5.64

7.12

Transact Technologies 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															5.15	5.62	6.08	6.88	4.78

Competitive Comparison of Transact Technologies's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Transact Technologies'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.

Transact Technologies's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Transact Technologies Effective Interest Rate on Debt % Calculation

Transact Technologies'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 * -0.31	/	( (4.808	+	3.899)	/ 2 )
=	-1 * -0.31	/	4.3535
=	7.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.683	+	3.125
=	4.808

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.72	+	3.179
=	3.899

Transact Technologies'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 * -0.192	/	( (4.13	+	3.899)	/ 2 )
=	-1 * -0.192	/	4.0145
=	4.78 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.965	+	3.165
=	4.13

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.72	+	3.179
=	3.899

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.

Transact Technologies (NAS:TACT) Effective Interest Rate on Debt % Explanation

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

Transact Technologies Effective Interest Rate on Debt % Related Terms

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Transact Technologies (Transact Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Transact Technologies Inc (NAS:TACT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2319 Whitney Avenue, One Hamden Center, Suite 3B, Hamden, CT, USA, 06518

Website

https://www.transact-tech.com

Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas markets. Most of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Executives

B. Riley Financial, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Audrey Dunning	director	242 MEADOWBROOK DRIVE, CRANBERRY TOWNSHIP PA 16066
325 Master Fund Lp	director, 10 percent owner	757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
325 Capital Gp, Llc	director, 10 percent owner	757 THIRD AVENUE, 20TH FLOOR, NEW YORK NY 10017
Gaurav Bahri	officer: Chief Revenue Officer	12586 MISTY CREEK LANE, FAIRFAX VA 22033
William Defrances	officer: Chief Accounting Officer
Bryant R Riley	10 percent owner	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
B. Riley Securities, Inc.	10 percent owner	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Bart C Shuldman	director, officer: Chairman and CEO	6700 PARADISE ROAD, SUITE D, LAS VEGAS NV 89119
Raymond J Harbert	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Kenan Lucas	10 percent owner	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Fund Advisors, Inc.	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Discovery Fund, Lp	10 percent owner	HARBERT DISCOVERY FUND GP, LLC, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
John F. Bryant	10 percent owner	C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Management Corp	10 percent owner	2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203