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Hammond Power Solutions (Hammond Power Solutions) Effective Interest Rate on Debt % : 2.21% (As of Mar. 2024)


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What is Hammond Power 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. Hammond Power Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.6 Mil. Hammond Power Solutions's average total debt for the quarter that ended in Mar. 2024 was $29.0 Mil. Therefore, Hammond Power Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.21%.


Hammond Power Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Hammond Power 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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Hammond Power Solutions Effective Interest Rate on Debt % Chart

Hammond Power 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 4.57 3.65 4.80 6.64 4.85

Hammond Power Solutions 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 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 3.66 7.05 3.21 4.03 2.21

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

For the Electrical Equipment & Parts subindustry, Hammond Power 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.


Hammond Power Solutions's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hammond Power Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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



Hammond Power Solutions Effective Interest Rate on Debt % Calculation

Hammond Power 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  *  -0.984/( (12.95+27.601)/ 2 )
=-1  *  -0.984/20.2755
=4.85 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.156 + 7.794
=12.95

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.072 + 18.529
=27.601

Hammond Power Solutions'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  *  -0.64/( (27.601+30.447)/ 2 )
=-1  *  -0.64/29.024
=2.21 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.072 + 18.529
=27.601

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.412 + 22.035
=30.447

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


Hammond Power Solutions  (OTCPK:HMDPF) Effective Interest Rate on Debt % Explanation

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


Hammond Power Solutions Effective Interest Rate on Debt % Related Terms

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Hammond Power Solutions (Hammond Power Solutions) Business Description

Traded in Other Exchanges
Address
595 Southgate Drive, Guelph, ON, CAN, N1G 3W6
Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.

Hammond Power Solutions (Hammond Power Solutions) Headlines

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