CPS Technologies (CPS Technologies) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is CPS 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. CPS Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. CPS Technologies's average total debt for the quarter that ended in Dec. 2023 was $0.41 Mil. Therefore, CPS Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

CPS Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for CPS 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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CPS Technologies Effective Interest Rate on Debt % Chart

CPS Technologies Annual Data

Trend

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Effective Interest Rate on Debt %

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CPS Technologies Quarterly Data
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Competitive Comparison of CPS Technologies's Effective Interest Rate on Debt %

For the Electronic Components subindustry, CPS 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.

CPS Technologies's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CPS Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

CPS Technologies Effective Interest Rate on Debt % Calculation

CPS 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 * 0	/	( (0.565	+	0.387)	/ 2 )
=	-1 * 0	/	0.476
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.364	+	0.201
=	0.565

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.18	+	0.207
=	0.387

CPS 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	/	( (0.433	+	0.387)	/ 2 )
=	-1 * 0	/	0.41
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.217	+	0.216
=	0.433

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.18	+	0.207
=	0.387

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.

CPS Technologies (NAS:CPSH) Effective Interest Rate on Debt % Explanation

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

CPS Technologies Effective Interest Rate on Debt % Related Terms

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CPS Technologies (CPS Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPS Technologies Corp (NAS:CPSH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 South Worcester Street, Norton, MA, USA, 02766-2102

Website

https://www.cpstechnologysolutions.com

CPS Technologies Corp provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. Its primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. The company designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It also provides baseplates and housings used in radar, satellite and avionics applications. The company provides lids and heat spreaders used with integrated circuits in Internet switches and routers.

Executives

Brian T Mackey	officer: CEO	792 WEST STREET, C108, MANSFIELD MA 02048
Ralph M Norwood	officer: Chief Financial Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Peregrine Financial Corp	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Trust Company, Llc	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Holdings Llc	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Phoenix Venture Partners, Inc.	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Ard Master Lp	10 percent owner
Grant C Bennett	director, 10 percent owner, officer: President & CEO
Griffith Charles Kellogg Jr	officer: Chief Financial Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Daniel C Snow	director	5 LODGE RD., BELMONT MA 02478
Thomas M Culligan	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Michael E Mccormack	officer: Chief Operating Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Thomas E Breen	officer: SVP, Sales & Marketing	111 SOUTH WORCESTER STREET, NORTON MA 02766
Richard W Adams	officer: Senior Vice-President & CTO	111 S. WORCESTER ST., NORTON MA 02766
Charles Darosa	officer: Vice-President, Operations	111 S. WORCESTER STREET, NORTON MA 02766