GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Butler National Corp (OTCPK:BUKS) » Definitions » Effective Interest Rate on Debt %

Butler National (Butler National) Effective Interest Rate on Debt % : 5.63% (As of Jan. 2024)


View and export this data going back to . Start your Free Trial

What is Butler National 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. Butler National's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $2.46 Mil. Butler National's average total debt for the quarter that ended in Jan. 2024 was $43.71 Mil. Therefore, Butler National's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 5.63%.


Butler National Effective Interest Rate on Debt % Historical Data

The historical data trend for Butler National'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.

* Premium members only.

Butler National Effective Interest Rate on Debt % Chart

Butler National Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.35 16.03 6.44 5.37 5.57

Butler National Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.55 5.36 5.53 5.48 5.63

Competitive Comparison of Butler National's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Butler National'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.


Butler National's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Butler National's Effective Interest Rate on Debt % distribution charts can be found below:

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



Butler National Effective Interest Rate on Debt % Calculation

Butler National's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2022 )+Total Debt  (A: Apr. 2023 ))/ count )
=-1  *  -2.743/( (51.581+46.88)/ 2 )
=-1  *  -2.743/49.2305
=5.57 %

where

Total Debt  (A: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=46.31 + 5.271
=51.581

Total Debt  (A: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.748 + 5.132
=46.88

Butler National's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -2.46/( (44.322+43.104)/ 2 )
=-1  *  -2.46/43.713
=5.63 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39.365 + 4.957
=44.322

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.141 + 4.963
=43.104

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


Butler National  (OTCPK:BUKS) Effective Interest Rate on Debt % Explanation

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


Butler National Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Butler National's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Butler National (Butler National) Business Description

Traded in Other Exchanges
N/A
Address
19920 West 161st Street, Olathe, KS, USA, 66062
Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems. The company's operating segment includes Professional Services and Aerospace Products. It generates maximum revenue from the Aerospace Products segment. The Professional Services segment provides professional management services in the gaming industry, and professional architectural, and engineering services. It has a business presence in North America, Europe, Asia, Australia and other geographical regions.
Executives
Joseph Patrick Daly 10 percent owner 497 CIRCLE FREEWAY, CINCINNATI OH 45246
Joe Aric Peters director 15125 MELROSE DRIVE, OVERLAND PARK KS 66221
Zeff Holding Company, Llc 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
Veradace Partners Lp 10 percent owner 2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
Zeff Capital, Lp 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
Daniel Zeff 10 percent owner 400 S. MCCADDEN PL., LOS ANGELES CA 90020
John M. Edgar director 2600 GRAND BOULEVARD, SUITE 440, KANSAS CITY MO 64108
David B Hayden director 15733 SHANNAN LANE, OLATHE KS 66062
Tad Mitchell Mcmahon officer: Chief Financial Officer 19920 W 161ST STREET, OLATHE KS 66062
Craig D Stewart officer: Vice President and CFO 15213 KING STREET, OVERLAND PARK KS 66221
Angela D Seba-shinabargar officer: CFO 11575 S. WATER, OLATHE KS 66061
Bradley Kyle Hoffman director 8741 ENSLEY LANE, LEAWOOD KS 66206
Michael Joseph Tamburelli director 11028 N. LAUREL AVE, KANSAS CITY MO 64157
Christopher J Reedy officer: Vice President 7411 RICHARDS DRIVE, SHAWNEE KS 66216
Clark D Stewart director, officer: President - CEO 15733 SHANNAN LANE, OLATHE KS 66062