Atlas Engineered Products (Atlas Engineered Products) Effective Interest Rate on Debt % : 5.82% (As of Sep. 2023)

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What is Atlas Engineered Products 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. Atlas Engineered Products's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $1.24 Mil. Atlas Engineered Products's average total debt for the quarter that ended in Sep. 2023 was $21.22 Mil. Therefore, Atlas Engineered Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.82%.

Atlas Engineered Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Atlas Engineered Products'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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Atlas Engineered Products Effective Interest Rate on Debt % Chart

Atlas Engineered Products Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

May18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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6.99

9.71

5.66

4.55

5.35

Atlas Engineered Products Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.50	5.21	5.64	6.08	5.82

Competitive Comparison of Atlas Engineered Products's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Atlas Engineered Products'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.

Atlas Engineered Products's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Atlas Engineered Products's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Atlas Engineered Products's Effective Interest Rate on Debt % falls into.

Atlas Engineered Products Effective Interest Rate on Debt % Calculation

Atlas Engineered Products's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.496	/	( (7.336	+	11.222)	/ 2 )
=	-1 * -0.496	/	9.279
=	5.35 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.82	+	1.516
=	7.336

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.207	+	2.015
=	11.222

Atlas Engineered Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.236	/	( (13.332	+	29.115)	/ 2 )
=	-1 * -1.236	/	21.2235
=	5.82 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.121	+	2.211
=	13.332

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.985	+	3.13
=	29.115

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Atlas Engineered Products (OTCPK:APEUF) Effective Interest Rate on Debt % Explanation

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

Atlas Engineered Products Effective Interest Rate on Debt % Related Terms

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Atlas Engineered Products (Atlas Engineered Products) Business Description

Industry

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AEP:Canada

Address

2005 Boxwood Road, Nanaimo, BC, CAN, V9S 5X9

Website

https://www.atlasengineeredproducts.com

Atlas Engineered Products Ltd is a Canada-based supplier of trusses and engineered wood products. It is engaged in the principal activities of manufacturing trusses for commercial and residential buildings and delivering them to its customers on Vancouver Island. The group generates revenue from the sale of Trusses, Wall panels, Engineered wood products, and Windows. Its products and services include project management and site assembly services, design, engineering and permitting services, floor joists, floor trusses, floor panels, roof trusses, wall panels, and windows. It operates manufacturing and distribution facilities in British Columbia, Manitoba, and Ontario.

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