Tile Shop Holdings (Tile Shop Holdings) Effective Interest Rate on Debt % : 0.47% (As of Mar. 2024)

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What is Tile Shop Holdings 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. Tile Shop Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.7 Mil. Tile Shop Holdings's average total debt for the quarter that ended in Mar. 2024 was $140.0 Mil. Therefore, Tile Shop Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.47%.

Tile Shop Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Tile Shop Holdings'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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Tile Shop Holdings Effective Interest Rate on Debt % Chart

Tile Shop Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.76

1.01

0.45

0.99

1.37

Tile Shop Holdings 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															1.92	1.77	1.26	0.69	0.47

Competitive Comparison of Tile Shop Holdings's Effective Interest Rate on Debt %

For the Home Improvement Retail subindustry, Tile Shop Holdings'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.

Tile Shop Holdings's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Tile Shop Holdings's Effective Interest Rate on Debt % falls into.

Tile Shop Holdings Effective Interest Rate on Debt % Calculation

Tile Shop Holdings'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 * -2.164	/	( (176.619	+	139.962)	/ 2 )
=	-1 * -2.164	/	158.2905
=	1.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	148.753	+	27.866
=	176.619

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	112.697	+	27.265
=	139.962

Tile Shop Holdings'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 * -0.664	/	( (139.962	+	139.995)	/ 2 )
=	-1 * -0.664	/	139.9785
=	0.47 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	112.697	+	27.265
=	139.962

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.911	+	28.084
=	139.995

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.

Tile Shop Holdings (NAS:TTSH) Effective Interest Rate on Debt % Explanation

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

Tile Shop Holdings Effective Interest Rate on Debt % Related Terms

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Tile Shop Holdings (Tile Shop Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tile Shop Holdings Inc (NAS:TTSH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2TS:Germany

Address

14000 Carlson Parkway, Plymouth, MN, USA, 55441

Website

https://www.tileshop.com

Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It manufactures its setting and maintenance materials, such as thinset, grout, and sealers. The company's primary market is retail sales to consumers, contractors, designers, and home builders. The company's distribution centers are in Michigan, New Jersey, Oklahoma, Virginia, and Wisconsin.

Executives

Fund 1 Investments, Llc	10 percent owner	100 CARR 115, UNIT 1900, RINCON PR 00677
Mark Burton Davis	officer: VP Inv. Relations & CAO	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Pleasant Lake Partners Llc	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Karla Lunan	officer: Chief Financial Officer	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PKWY., PLYMOUTH MN 55441
Deborah K Glasser	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Linda Solheid	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Robert A Rucker	director, 10 percent owner, officer: Chief Executive Officer	14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
Brc Partners Opportunity Fund, Lp	other: See Remarks	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Financial, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
272 Capital Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS TX 75219
Bryant R Riley	other: See Remarks	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Wes Cummins	10 percent owner	4505 LORRAINE AVE, DALLAS TX 75205
B. Riley Securities, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	other: See Remarks	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025