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Core Molding Technologies (Core Molding Technologies) Effective Interest Rate on Debt % : 3.03% (As of Dec. 2023)


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What is Core Molding Technologies 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. Core Molding Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.7 Mil. Core Molding Technologies's average total debt for the quarter that ended in Dec. 2023 was $23.1 Mil. Therefore, Core Molding Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.03%.


Core Molding Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Core Molding Technologies'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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Core Molding Technologies Effective Interest Rate on Debt % Chart

Core Molding Technologies 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 7.47 14.67 8.00 7.04 4.12

Core Molding Technologies 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 6.58 5.70 4.94 3.19 3.03

Competitive Comparison of Core Molding Technologies's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Core Molding Technologies'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.


Core Molding Technologies's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Core Molding Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Core Molding Technologies Effective Interest Rate on Debt % Calculation

Core Molding Technologies'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  *  -1.011/( (26.058+22.987)/ 2 )
=-1  *  -1.011/24.5225
=4.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.986 + 3.072
=26.058

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.519 + 1.468
=22.987

Core Molding Technologies'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  *  -0.7/( (23.292+22.987)/ 2 )
=-1  *  -0.7/23.1395
=3.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.982 + 1.31
=23.292

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.519 + 1.468
=22.987

* 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.


Core Molding Technologies  (AMEX:CMT) Effective Interest Rate on Debt % Explanation

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


Core Molding Technologies Effective Interest Rate on Debt % Related Terms

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Core Molding Technologies (Core Molding Technologies) Business Description

Traded in Other Exchanges
Address
800 Manor Park Drive, Columbus, OH, USA, 43228-0183
Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates in Columbus, Ohio, Columbus, and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and others.
Executives
John P Zimmer officer: VP, Treasurer, Secretary & CFO 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Renee R Anderson officer: EVP, Human Resources 800 MANOR PARK DR, COLUMBUS OH 43228
Eric Palomaki officer: Vice President of Operations 800 MANOR PARK DRIVE, COLUMBUS OH 43228
David L. Duvall director, officer: Chief Executive Officer 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Thomas R Cellitti director 493 S KENILWORTH AVENUE, ELMHURST IL 60126
Ralph O Hellmold director
Matthew Jauchius director 800 MANOR PARK DRIVE, COLUMBUS OH 43228
James C Highfield officer: EVP, Sales and Marketing 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Andrew O Smith director 800 MANOR PARK DRIVE, COLUMBUS OH 43228
James F Crowley director
Sandra Lee Kowaleski director 800 MANOR PARK DRIVE, COLUMBUS OH 43228
James L Simonton director
Robert P Price officer: Vice President of Operations 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Terrence James O'donovan officer: VP, Marketing and Sales 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Kevin L Barnett director, officer: President and CEO

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