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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. Air Industries Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.79 Mil. Air Industries Group's average total debt for the quarter that ended in Dec. 2023 was $24.83 Mil. Therefore, Air Industries Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.22%.
The historical data trend for Air Industries Group'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.
Air Industries Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 12.73 | 4.75 | 4.27 | 4.80 | 7.07 |
Air Industries Group 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 | 5.66 | 6.66 | 6.61 | 7.75 | 7.22 |
For the Aerospace & Defense subindustry, Air Industries Group'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.
For the Aerospace & Defense industry and Industrials sector, Air Industries Group's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Air Industries Group's Effective Interest Rate on Debt % falls into.
Air Industries Group'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 * -1.92 | / | ( (28.509 | + | 25.772) | / 2 ) |
= | -1 * -1.92 | / | 27.1405 | |||
= | 7.07 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 13.254 | + | 15.255 |
= | 28.509 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 8.856 | + | 16.916 |
= | 25.772 |
Air Industries Group'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 * -1.792 | / | ( (23.89 | + | 25.772) | / 2 ) |
= | -1 * -1.792 | / | 24.831 | |||
= | 7.22 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 9.133 | + | 14.757 |
= | 23.89 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 8.856 | + | 16.916 |
= | 25.772 |
* 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.
Air Industries Group (AMEX:AIRI) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Air Industries Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Glassman | officer: CHIEF FINANCIAL OFFICER | 1479 NORTH CLINTON AVENUE, BAY SHORE NY 11706 |
Luciano M Melluzzo | officer: President | 93 FOXON PLACE, NEW BRITAIN CT 06053 |
Michael N Taglich | director | TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791 |
Michael Porcelain | director | 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747 |
Peter Rettaliata | director | C/O AIR INDUSTRIES, 1479 CLINTON AVENUE, BAY SHORE NY 11706 |
Robert Taglich | director, 10 percent owner | 700 NEW YORK AVENUE, HUNTINGTON NY 11743 |
Michael Brand | director | 4196 MAJESTIC CIRCLE, MEDINA OH 44256 |
David S. Richmond | 10 percent owner, other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Rbi Private Investment Iii, Llc | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Matthew J. Curfman | 10 percent owner, other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Rbi Pi Manager, Llc | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Richmond Brothers 401(k) Profit Sharing Plan | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Rbi Private Investment Ii, Llc | other: See Footnote 1 | 3568 WILDWOOD AVENUE, JACKSON MI 49202 |
Richmond Brothers, Inc. | 10 percent owner, other: See Footnotes 1 and 2 | 7415 FOXWORTH COURT, JACKSON MI 49201 |
Michael E Recca | officer: Chief Financial Officer |
From GuruFocus
By Dividend Dividend • 09-22-2013
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