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Tandy Leather Factory (Tandy Leather Factory) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Tandy Leather Factory 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. Tandy Leather Factory's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Tandy Leather Factory's average total debt for the quarter that ended in Dec. 2023 was $9.65 Mil. Therefore, Tandy Leather Factory's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Tandy Leather Factory Effective Interest Rate on Debt % Historical Data

The historical data trend for Tandy Leather Factory'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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Tandy Leather Factory Effective Interest Rate on Debt % Chart

Tandy Leather Factory 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 0.31 0.05 0.13 - -

Tandy Leather Factory 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 - - - - -

Competitive Comparison of Tandy Leather Factory's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Tandy Leather Factory'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.


Tandy Leather Factory's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tandy Leather Factory's Effective Interest Rate on Debt % falls into.



Tandy Leather Factory Effective Interest Rate on Debt % Calculation

Tandy Leather Factory'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/( (10.366+9.426)/ 2 )
=-1  *  0/9.896
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.47 + 2.896
=10.366

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.254 + 3.172
=9.426

Tandy Leather Factory'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  *  0/( (9.865+9.426)/ 2 )
=-1  *  0/9.6455
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.614 + 3.251
=9.865

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.254 + 3.172
=9.426

* 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.


Tandy Leather Factory  (NAS:TLF) Effective Interest Rate on Debt % Explanation

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


Tandy Leather Factory Effective Interest Rate on Debt % Related Terms

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Tandy Leather Factory (Tandy Leather Factory) Business Description

Traded in Other Exchanges
N/A
Address
1900 Southeast Loop 820, Fort Worth, TX, USA, 76140
Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. Geographically the company operates within United States, Canada and others and generates the highest revenue from the United States.
Executives
Jcp Investment Management, Llc 10 percent owner 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp 10 percent owner, other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp 10 percent owner, other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Holdings, Llc 10 percent owner, other: See Footnote 1 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Janet A Carr director, officer: CEO 116 S PORTLAND AVENUE, BROOKLYN NY 11217
Jefferson Gramm 10 percent owner C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Shannon L Greene director, officer: CFO/TREASURER 3800 FALCON LAKE DRIVE, ARLINGTON TX 76016
Mark J Angus officer: SR VICE PRESIDENT 1900 SE LOOP 820, FORTH WORTH TX 76140
James C Pappas director 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
T Field Lange director 6300 RIDGLEA PLACE, #500, FORT WORTH TX 76116
Victoria Marie Cantrell director 2 BERRY LANE, RANDOLPH NJ 07869
Sejal Vinu Patel director 400 PARK AVENUE, 21ST FL, NEW YORK NY 10022
Beshore Brent Cornell director 315 N TENTH ST, COLUMBIA MO 65201
Sharon M Leite director 100 PIER 1 PLACE, FT. WORTH TX 76102
Joseph R Mannes director 4016 MCFARLIN BLVD, DALLAS TX 75205

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