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CompoSecure (CompoSecure) Effective Interest Rate on Debt % : 12.05% (As of Dec. 2023)


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What is CompoSecure 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. CompoSecure's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $41.8 Mil. CompoSecure's average total debt for the quarter that ended in Dec. 2023 was $347.1 Mil. Therefore, CompoSecure's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.05%.


CompoSecure Effective Interest Rate on Debt % Historical Data

The historical data trend for CompoSecure'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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CompoSecure Effective Interest Rate on Debt % Chart

CompoSecure Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 4.15 3.17 3.15 5.62 7.73

CompoSecure Quarterly Data
Dec18 Dec19 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 7.35 6.45 5.96 6.40 12.05

Competitive Comparison of CompoSecure's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, CompoSecure'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.


CompoSecure's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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



CompoSecure Effective Interest Rate on Debt % Calculation

CompoSecure'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  *  -27.525/( (367.608+344.644)/ 2 )
=-1  *  -27.525/356.126
=7.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=351.39 + 16.218
=367.608

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=332.383 + 12.261
=344.644

CompoSecure'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  *  -41.832/( (349.541+344.644)/ 2 )
=-1  *  -41.832/347.0925
=12.05 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=337.298 + 12.243
=349.541

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=332.383 + 12.261
=344.644

* 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.


CompoSecure  (NAS:CMPO) Effective Interest Rate on Debt % Explanation

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


CompoSecure Effective Interest Rate on Debt % Related Terms

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CompoSecure (CompoSecure) Business Description

Industry
Traded in Other Exchanges
N/A
Address
309 Pierce Street, Somerset, NJ, USA, 08873
CompoSecure Inc is engaged in designing and manufacturing premium financial cards. The Company's innovative metal payment card technology and Arculus security and authentication capabilities deliver unique, premium branded experiences which enable people to access and use their assets, and ensure trust at the point of a transaction. Its products include Metal Cards and Arculus, a digital security platform.
Executives
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Timothy Walter Fitzsimmons officer: Chief Financial Officer C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Roman Dbdr Tech Sponsor Llc 10 percent owner 2877 PARADISE ROAD, #702, LAS VEGAS NV 89109
Doll Dixon R Jr. 10 percent owner, officer: Co-Chief Executive Officer 4555 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Donald G Basile director, 10 percent owner, officer: See Remarks 4555 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Tikvah Management Llc 10 percent owner 5970 FAIRVIEW ROAD, SUITE 705, CHARLOTTE NC 28210
Paul Galant director 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Dixon Doll director 2420 SAND HILL RD, STE 200, MENLO PARK CA 94025
Amanda Mandy Gourbault officer: Chief Revenue Officer C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Jonathan Wilk director, officer: Chief Executive Officer C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Steven J. Mclaughlin 10 percent owner 277 PARK AVENUE 29TH FLOOR, SUITE B, NEW YORK NY 10172
Gregoire Maes officer: Chief Operating Officer C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Ezrah Charitable Trust 10 percent owner 831 E. MOOREHEAD STREET, SUITE 940, CHARLOTTE NC 28202
Adam Joseph Lowe officer: Chief Innovation Officer C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873
Michele Logan director, 10 percent owner C/O COMPOSECURE, INC., 309 PIERCE STREET, SOMERSET NJ 08873

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