Giga-Tronics (Giga-Tronics) Effective Interest Rate on Debt % : 2.85% (As of Dec. 2023)

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What is Giga-Tronics 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. Giga-Tronics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.58 Mil. Giga-Tronics's average total debt for the quarter that ended in Dec. 2023 was $20.32 Mil. Therefore, Giga-Tronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.85%.

Giga-Tronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Giga-Tronics'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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Giga-Tronics Effective Interest Rate on Debt % Chart

Giga-Tronics Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

12.15

11.34

4.62

Giga-Tronics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					16.71	5.16	9.04	3.36	2.85

Competitive Comparison of Giga-Tronics's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Giga-Tronics'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.

Giga-Tronics's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Giga-Tronics Effective Interest Rate on Debt % Calculation

Giga-Tronics'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 * -0.868	/	( (16.208	+	21.334)	/ 2 )
=	-1 * -0.868	/	18.771
=	4.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.344	+	2.864
=	16.208

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.535	+	7.799
=	21.334

Giga-Tronics'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 * -0.58	/	( (19.302	+	21.334)	/ 2 )
=	-1 * -0.58	/	20.318
=	2.85 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.75	+	6.552
=	19.302

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.535	+	7.799
=	21.334

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.

Giga-Tronics (OTCPK:GIGA) Effective Interest Rate on Debt % Explanation

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

Giga-Tronics Effective Interest Rate on Debt % Related Terms

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Giga-Tronics (Giga-Tronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Giga-Tronics Inc (OTCPK:GIGA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7272 E. Indian School Road, Suite 540, Scottsdale, AZ, USA, 85251

Website

https://www.gigatronics.com

Giga-tronics Inc design, manufacture, and distribute specialized precision electronic solutions, automated test solutions, power electronics, supply and distribution solutions, display solutions and radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry for military airborne, sea and ground applications. The company has three segments namely Precision Electronic Solutions; Power Electronics and Display and RF Solutions. It generates maximum revenue from the Precision Electronic Solutions segment.

Executives

William B. Horne	director	C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626
Timothy Long	officer: Chief Operating Officer	7272 E. INDIAN SCHOOL ROAD, SUITE 540, SCOTTSDALE AZ 85251
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jonathan R Read	director, officer: Chief Executive Officer	6711 E. CAMELBACK RD, #32, SCOTTSDALE AZ 85251
Robert O Smith	director	DIGITAL POWER CORPORATION, 41920 CHRISTY STREET, FREMONT CA 94538
Jeffrey Allen Bentz	director	107 E BONITA WAY, TEMPE AZ 85281
Thomas E Vickers	director	2101 WEST COMMERCIAL BLVD, SUITE 3500, FORT LAUDERDALE FL 33309
Wit Cornelis F	10 percent owner	2101 WEST COMMERCIAL BLVD., SUITE 3500, FORT LAUDERDALE FL 33309
Smc Private Equity Holdings Gp, Llc	10 percent owner	650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Private Equity Holdings, Lp	10 percent owner	650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Spring Mountain Capital G.p., Llc	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Spring Mountain Capital, Llc	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Select Co-investment I Gp, Llc	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Gregory P. Ho	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
John Steffens	10 percent owner	C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487

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