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Ascent Industries Co (Ascent Industries Co) Effective Interest Rate on Debt % : 6.85% (As of Dec. 2023)


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What is Ascent Industries Co 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. Ascent Industries Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.1 Mil. Ascent Industries Co's average total debt for the quarter that ended in Dec. 2023 was $59.7 Mil. Therefore, Ascent Industries Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.85%.


Ascent Industries Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Ascent Industries Co'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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Ascent Industries Co Effective Interest Rate on Debt % Chart

Ascent Industries Co 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 4.02 2.02 1.48 2.60 6.13

Ascent Industries Co 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 4.16 4.49 4.64 4.86 6.85

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

For the Steel subindustry, Ascent Industries Co'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.


Ascent Industries Co's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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



Ascent Industries Co Effective Interest Rate on Debt % Calculation

Ascent Industries Co'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  *  -4.238/( (105.342+32.828)/ 2 )
=-1  *  -4.238/69.085
=6.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=101.196 + 4.146
=105.342

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.036 + 1.792
=32.828

Ascent Industries Co'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  *  -4.084/( (86.494+32.828)/ 2 )
=-1  *  -4.084/59.661
=6.85 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=81.972 + 4.522
=86.494

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.036 + 1.792
=32.828

* 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.


Ascent Industries Co  (NAS:ACNT) Effective Interest Rate on Debt % Explanation

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


Ascent Industries Co Effective Interest Rate on Debt % Related Terms

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Ascent Industries Co (Ascent Industries Co) Business Description

Industry
Traded in Other Exchanges
Address
1400 16th Street, Suite 270, Oak Brook, IL, USA, 60523
Ascent Industries Co is engaged in the chemical and metal industry. The group operates into two reportable segments namely the Ascent Tubular Products and the Specialty Chemicals Segment. The Tubular Products segment serves markets through pipe and tube and customers in the appliance, architectural, automotive and commercial transportation, brewery, chemical, petrochemical and other industries. The Specialty Chemicals segment produces specialty products for the pulp and paper, coatings, adhesives, sealants and elastomers (CASE), textile, automotive, household and other industries. It manufactures welded pipe and tube, majorly from stainless steel, duplex, and nickel alloys. The company also produces specialty chemicals and dyes used in various end markets.
Executives
Zuppo John Robert Iii other: Exec VP - Synalloy Chemicals 6095 OLD BRICK STORE RD, GREENSBORO NC 27455
William Steckel officer: Chief Financial Officer 2972 STENDER WAY, SANTA CLARA CA 95054
Benjamin L Rosenzweig director 50 OLD IVY ROAD SUITE 230, ATLANTA GA 30342
Mazzaferro Aldo John Jr director 15 MIDWOOD ROAD, STONY BROOK NY 11790
Christopher Gerald Hutter director 1400 16TH STREET, SUITE 250, OAK BROOK IL 60523
Privet Fund Lp 10 percent owner, other: See Explanation of Responses 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Henry L Guy director 89 SUMMIT AVENUE, SECOND FLOOR, SUMMIT NJ 07901
Aaron M Tam officer: Chief Financial Officer 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
John Schauerman director 26000 COMMERCENTRE DR., LAKE FOREST CA 92630
Tackett Glenn Douglas Jr officer: Chief Legal Officer 4510 COX ROAD, SUITE 201, GLEN ALLEN VA 23060
David James Kuzy other: EVP - Synalloy Chemicals 639 S. MAIN STREET, NAPERVILLE IL 60540
Timothy J Lynch other: Exec VP - Synalloy Metals 13601 PERDIDO KEY DRIVE, UNIT 12 C, PENSACOLA FL 32507
Sarah M Cunningham officer: VP Corporate Adinistration 14519 AUGUSTA LANE, ASHLAND X1 23005
Maria Haughton Roberson other: President, ASTI 129 HONEYCUTT ROAD, TROUTMAN NC 28166
Anthony A Callander director PO BOX 5627, SPARTANBURG SC 29304