Educational Development (Educational Development) Effective Interest Rate on Debt % : 7.48% (As of Nov. 2023)

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What is Educational Development 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. Educational Development's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $2.90 Mil. Educational Development's average total debt for the quarter that ended in Nov. 2023 was $38.81 Mil. Therefore, Educational Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 7.48%.

Educational Development Effective Interest Rate on Debt % Historical Data

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

Educational Development Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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4.60

3.20

3.11

4.92

Educational Development Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.22	5.83	6.45	6.67	7.48

Competitive Comparison of Educational Development's Effective Interest Rate on Debt %

For the Publishing subindustry, Educational Development'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.

Educational Development's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Educational Development's Effective Interest Rate on Debt % distribution charts can be found below:

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

Educational Development Effective Interest Rate on Debt % Calculation

Educational Development's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -2.172	/	( (42.676	+	45.529)	/ 2 )
=	-1 * -2.172	/	44.1025
=	4.92 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.41	+	20.266
=	42.676

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	45.529
=	45.529

Educational Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -2.904	/	( (43.74	+	33.877)	/ 2 )
=	-1 * -2.904	/	38.8085
=	7.48 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.217	+	11.523
=	43.74

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.079	+	6.798
=	33.877

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

Educational Development (NAS:EDUC) Effective Interest Rate on Debt % Explanation

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

Educational Development Effective Interest Rate on Debt % Related Terms

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Educational Development (Educational Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Educational Development Corp (NAS:EDUC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5402 South 122nd East Avenue, Tulsa, OK, USA, 74146

Website

https://www.edcpub.com

Educational Development Corp is the United States trade publisher of the line of educational children's books produced in the United Kingdom. Its business activity functions with two reportable segments: Direct Sales Division segment and Publishing Division segment. The Publishing Division segment markets its products to retail accounts, which include the book, school supplies, toy and gift stores and museums, through commissioned sales representatives, trade and specialty wholesalers and an internal telesales group. The Direct Sales Division segment sells their books and products through independent brand partners direct to the customer. It derives a majority of revenue from the Direct sales division segment.

Executives

O Keefe Daniel E	officer: Chief Financial Officer	1221 E HOUSTON, BROKEN ARROW OK 74012
Heather N. Cobb	officer: Chief Sales & Marketing Offcr	5402 S. 122ND ST. EAST AVE., TULSA OK 74137
Craig M White	officer: VP, Operations	10302 E 55TH PL, TULSA OK 74146
Bradely Von Stoots	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Randall W White	director, 10 percent owner, officer: President & CEO
Joshua J Peters	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Ronald T Mcdaniel	officer: Vice President
Besty Richert	director	5402 S. 122ND EAST AVE, TULSA OK 74146
Kara Gae Neal	director	5402 S. 122ND EAST AVE, TULSA OK 74146
James F Lewis	director
G Dean Cosgrove	director
William C Fossett	officer: Controller & Corporate Secreta
John A Clerico	director	3132 S COLUMBIA CIRCLE, TULSA OK 74105
Robert D Berryhill	director	PO BOX 1120, BIXBY OK 74008
Kathy Slemp	officer: Vice President