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LSB Industries (LSB Industries) Effective Interest Rate on Debt % : 6.56% (As of Dec. 2023)


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What is LSB Industries 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. LSB Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $39.7 Mil. LSB Industries's average total debt for the quarter that ended in Dec. 2023 was $604.8 Mil. Therefore, LSB Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.56%.


LSB Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for LSB Industries'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.

* Premium members only.

LSB Industries Effective Interest Rate on Debt % Chart

LSB Industries 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 10.15 10.24 9.16 7.19 6.07

LSB Industries 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 6.71 6.61 7.07 4.76 6.56

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

For the Chemicals subindustry, LSB Industries'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.


LSB Industries's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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



LSB Industries Effective Interest Rate on Debt % Calculation

LSB Industries'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  *  -41.136/( (743.285+611.193)/ 2 )
=-1  *  -41.136/677.239
=6.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=717.629 + 25.656
=743.285

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=591.948 + 19.245
=611.193

LSB Industries'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  *  -39.692/( (598.379+611.193)/ 2 )
=-1  *  -39.692/604.786
=6.56 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=592.886 + 5.493
=598.379

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=591.948 + 19.245
=611.193

* 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.


LSB Industries  (NYSE:LXU) Effective Interest Rate on Debt % Explanation

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


LSB Industries Effective Interest Rate on Debt % Related Terms

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LSB Industries (LSB Industries) Business Description

Industry
Traded in Other Exchanges
Address
3503 North West 63rd Street, Suite 500, Oklahoma City, OK, USA, 73116
LSB Industries Inc is engaged in the manufacturing and sale of chemical products in the United States. The company manufactures and sells chemical products for the agricultural, industrial, and mining markets. Its products include ammonia, fertilizer grade ammonium nitrate (AN and HDAN), and urea ammonia nitrate (UAN) for agricultural applications; high purity and commercial grade ammonia, sulfuric acids, concentrated, blended, and regular nitric acid, mixed nitrating acids, carbon dioxide, and diesel exhaust fluid for industrial applications; and industrial grade AN (LDAN) and AN solutions for mining applications. Its products are sold through distributors and directly to end customers throughout the United States.
Executives
Lsb Funding Llc 10 percent owner 350 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Sbt Investors Llc 10 percent owner 600 STEAMBOAT ROAD, SUITE 200, GREENWICH CT 06830
Todd L Boehly 10 percent owner 600 STEAMBOAT ROAD, GREENWICH CT 06830
Diana M Peninger director 3503 NW 63RD ST, SUITE 500, OKLAHOMA CITY OK 73116
Steven L Packebush director 3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116-2238
Damien Renwick officer: Chief Commercial Officer 3503 NW 63RD STREET, SUITE 500, OKLAHOMA CITY OK 73116
Kristy Carver officer: V Pres-Corporate Taxation 16 SOUTH PENNSYLVANIA AVENUE, OKLAHOMA CITY OK 73107
Lynn F White director C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Harold L Rieker officer: Vice President/Prin Acctg Off 16 SOUTH PENNSYLVANIA AVENUE, OKLAHOMA CITY OK 73107
John Burns officer: Executive Vice President-Mfg 3503 NW 63RD ST, SUITE 500, OKLAHOMA CITY OK 73116
Mark T Behrman officer: SR. VP-Corporate Development
Richard Roedel director 164 WEST RD, NEW CANAAN CT 06840
Cheryl Maguire officer: Sr. VP/CFO 3503 NW 63RD ST, SUITE 500, OKLAHOMA CITY OK 73116
Kanna Kitamura director 350 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Sanders Richard S Jr director 16 SOUTH PENNSYLVANIA AVENUE, OKLAHOMA CITY OK 73107