Ascent Industries Co (FRA:SY4) Effective Interest Rate on Debt % : 1.57% (As of Mar. 2024)

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What is Ascent Industries Co 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. Ascent Industries Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.5 Mil. Ascent Industries Co's average total debt for the quarter that ended in Mar. 2024 was €29.9 Mil. Therefore, Ascent Industries Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.57%.

Ascent Industries Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ascent Industries Co'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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Ascent Industries Co Effective Interest Rate on Debt % Chart

Ascent Industries Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.05

1.92

1.54

2.69

6.00

Ascent Industries Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.46	4.61	4.90	6.74	1.57

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

For the Steel subindustry, Ascent Industries Co'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.

Ascent Industries Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ascent Industries Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ascent Industries Co Effective Interest Rate on Debt % Calculation

Ascent Industries Co'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 * -3.886	/	( (99.443	+	30.103)	/ 2 )
=	-1 * -3.886	/	64.773
=	6.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.529	+	3.914
=	99.443

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.46	+	1.643
=	30.103

Ascent Industries Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.468	/	( (30.103	+	29.625)	/ 2 )
=	-1 * -0.468	/	29.864
=	1.57 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.46	+	1.643
=	30.103

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.203	+	1.422
=	29.625

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

Ascent Industries Co (FRA:SY4) Effective Interest Rate on Debt % Explanation

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

Ascent Industries Co Effective Interest Rate on Debt % Related Terms

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Ascent Industries Co (FRA:SY4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ascent Industries Co (FRA:SY4) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ACNT:USA

Address

1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523

Website

https://www.ascentco.com

Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.

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