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P.A.M. Transportation Services (P.A.M. Transportation Services) Effective Interest Rate on Debt % : 4.26% (As of Dec. 2023)


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What is P.A.M. Transportation Services 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. P.A.M. Transportation Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $10.4 Mil. P.A.M. Transportation Services's average total debt for the quarter that ended in Dec. 2023 was $245.1 Mil. Therefore, P.A.M. Transportation Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.26%.


P.A.M. Transportation Services Effective Interest Rate on Debt % Historical Data

The historical data trend for P.A.M. Transportation Services'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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P.A.M. Transportation Services Effective Interest Rate on Debt % Chart

P.A.M. Transportation Services 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 3.58 3.21 3.08 3.24 3.47

P.A.M. Transportation Services 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 3.65 3.60 3.58 4.26 4.32

Competitive Comparison of P.A.M. Transportation Services's Effective Interest Rate on Debt %

For the Trucking subindustry, P.A.M. Transportation Services'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.


P.A.M. Transportation Services's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, P.A.M. Transportation Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where P.A.M. Transportation Services's Effective Interest Rate on Debt % falls into.



P.A.M. Transportation Services Effective Interest Rate on Debt % Calculation

P.A.M. Transportation Services'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  *  -9.177/( (265.638+262.573)/ 2 )
=-1  *  -9.177/264.1055
=3.47 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.569 + 60.069
=265.638

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=204.814 + 57.759
=262.573

P.A.M. Transportation Services'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  *  -10.448/( (227.567+262.573)/ 2 )
=-1  *  -10.448/245.07
=4.26 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=171.418 + 56.149
=227.567

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=204.814 + 57.759
=262.573

* 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.


P.A.M. Transportation Services  (NAS:PTSI) Effective Interest Rate on Debt % Explanation

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


P.A.M. Transportation Services Effective Interest Rate on Debt % Related Terms

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P.A.M. Transportation Services (P.A.M. Transportation Services) Business Description

Traded in Other Exchanges
N/A
Address
297 West Henri De Tonti Boulevard, Tontitown, AR, USA, 72770
P.A.M. Transportation Services Inc is engaged in truckload dry van carriers transporting general commodities. Its operations are classified as motor carrier segment or brokerage and logistics services around the United States, Mexico, and Canada. The company freight consists of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units. The company generates maximum revenue from the United States.
Executives
Edwin J. Lukas director 12225 STEPHENS ROAD, WARREN MI 48089
Matthew T Moroun director, 10 percent owner 12225 STEPHENS ROAD, WARREN MI 48089
W Scott Davis director 7 SUNSET DRIVE, LITTLE ROCK AR 72207
Joseph A. Vitiritto director, officer: President and CEO P.O. BOX 188, TONTITOWN AR 72770
Matthew J. Moroun director 12225 STEPHENS ROAD, WARREN MI 48089
Michael D. Bishop director P.O. BOX 188, TONTITOWN AR 72770
Humberto Pete Montano director P.O. BOX 188, TONTITOWN AR 72770
Allen West officer: VP Finance, CFO, Secy, Treas POST OFFICE BOX 188, TONTITOWN AR 72770
Matt Herndon officer: Chief Operating Officer 4080 JENKINS ROAD, CHATTANOOGA TN 37421
Franklin Mclarty director 297 WEST HENRI DE TONTI, TONTITOWN AR 72770
Daniel H Cushman director, officer: President PO BOX 188, TONTITOWN AR 72770
Norman E Harned director 12225 STEPHENS ROAD, WARREN MI 48089
Frederick P Calderone director C/O CENTRAL TRANSPORT INTL, 12225 STEPHENS RD, WARREN MI 48089
Larry J Goddard officer: EXECUTIVE VICE PRESIDENT PAM TRANSPORTATION SVC INC, 297 W HENRI DETONTI BLVD, TONTITOWN AR 72712
Lance Stewart officer: VP Fin, CFO, Sec. and Treas. POST OFFICE BOX 188, TONTITOWN AR 72770