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Radius Recycling (Radius Recycling) Effective Interest Rate on Debt % : 5.21% (As of Feb. 2024)


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What is Radius Recycling 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. Radius Recycling's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $23 Mil. Radius Recycling's average total debt for the quarter that ended in Feb. 2024 was $445 Mil. Therefore, Radius Recycling's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 5.21%.


Radius Recycling Effective Interest Rate on Debt % Historical Data

The historical data trend for Radius Recycling'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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Radius Recycling Effective Interest Rate on Debt % Chart

Radius Recycling Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.78 4.89 2.30 2.94 5.04

Radius Recycling Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 4.36 4.61 4.99 5.03 5.21

Competitive Comparison of Radius Recycling's Effective Interest Rate on Debt %

For the Steel subindustry, Radius Recycling'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.


Radius Recycling's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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



Radius Recycling Effective Interest Rate on Debt % Calculation

Radius Recycling's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -18.589/( (371.873+365.313)/ 2 )
=-1  *  -18.589/368.593
=5.04 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=344.172 + 27.701
=371.873

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=339.665 + 25.648
=365.313

Radius Recycling's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -23.212/( (399.111+491.469)/ 2 )
=-1  *  -23.212/445.29
=5.21 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=373.547 + 25.564
=399.111

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=466.078 + 25.391
=491.469

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


Radius Recycling  (NAS:RDUS) Effective Interest Rate on Debt % Explanation

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


Radius Recycling Effective Interest Rate on Debt % Related Terms

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Radius Recycling (Radius Recycling) Business Description

Industry
Traded in Other Exchanges
Address
299 SW Clay Street, Suite 350, Portland, OR, USA, 97201
Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.
Executives
Brian Souza officer: SVP, Chief Ops Mgmt Officer C/O SCHNITZER STEEL INDUSTRIES, INC., 299 SW CLAY ST., PORTLAND OR 97201
Steven Heiskell officer: SVP & Managing Director, APB 299 SW CLAY ST. SUITE 350, PORTLAND OR 97201
James Matthew Vaughn officer: SVP, GC, & Corp. Secretary ONE MEMORIAL PLAZA, 800 GESSNER ROAD, SUITE 875, HOUSTON TX 77024
Stefano R. Gaggini officer: Corporate Controller 299 SW CLAY ST. SUITE 350, PORTLAND OR 97201
Michael R Henderson officer: SVP & Pres Metal Recyling Bus P O BOX 10047, PORTLAND OR 97296
Mark Schuessler officer: VP and CAO C/O SCHNITZER STEEL INDUSTRIES, INC., 299 SW CLAY ST., PORTLAND OR 97201
Gregory R Friedman director C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Wayland R Hicks director PO BOX 330608, MIAMIA FL 33233
Peter B Saba officer: SVP & General Counsel 6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Leslie L Shoemaker director TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Richard Peach officer: Deputy CFO 299 SW CLAY STREET, SUITE 350, PORTLAND OR 97201
John D Carter director, officer: President and CEO 17575 LITTLE RIVER DRIVE, BEND OR 97707
Glenda J Minor director 17000 ROTUNDA DRIVE, DEARBORN MI 48120
Wilson D Erich officer: SVP, Chief HR Officer 299 SW CLAY ST., SUITE 350, PORTLAND OR 97201
Jeffery Dyck officer: Pres. CascadeSteelRollingMills 299 SW CLAY STREET, PORTLAND OR 97201