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Lakeland Industries (Lakeland Industries) Effective Interest Rate on Debt %

: 1.04% (As of Jan. 2024)
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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. Lakeland Industries's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.1 Mil. Lakeland Industries's average total debt for the quarter that ended in Jan. 2024 was $11.5 Mil. Therefore, Lakeland Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.04%.


Lakeland Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Lakeland Industries'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.

* Premium members only.

Lakeland Industries Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.91 0.80 0.41 0.73 0.59

Lakeland Industries Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.03 0.64 0.06 0.54 1.04

Competitive Comparison

For the Apparel Manufacturing subindustry, Lakeland Industries'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.


Lakeland Industries Effective Interest Rate on Debt % Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lakeland Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lakeland Industries Effective Interest Rate on Debt % Calculation

Lakeland Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2023 )+Total Debt  (A: Jan. 2024 ))/ count )
=-1  *  -0.052/( (5.238+12.314)/ 2 )
=-1  *  -0.052/8.776
=0.59 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.58 + 1.658
=5.238

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.852 + 2.462
=12.314

Lakeland Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -0.12/( (10.741+12.314)/ 2 )
=-1  *  -0.12/11.5275
=1.04 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.203 + 1.538
=10.741

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.852 + 2.462
=12.314

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Lakeland Industries  (NAS:LAKE) Effective Interest Rate on Debt % Explanation

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


Lakeland Industries Effective Interest Rate on Debt % Related Terms

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Lakeland Industries (Lakeland Industries) Business Description

Traded in Other Exchanges
Address
1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806
Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.
Executives
Joshua J Sletten officer: VP Corp Development & Strategy 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Melissa Kidd director 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Herring Ronald N Jr director
Roger D Shannon officer: Chief Financial Officer 15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245
An Hui officer: VP of Procurement & Asia Mfg. 1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806
Christopher James Ryan director 3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779
Allen E Dillard officer: COO & CFO 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Charles D Roberson director, officer: CEO, President and Secretary 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Steven L Harvey officer: Exec. VP, Sales and Marketing 1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Thomas J Mcateer director 54 CEDAR POINT DRIVE, WEST ISLIP NY 11795
Jeffrey T Schlarbaum director 105 NORTON STREET, NEWARK NY 14513
Nikki Hamblin director 2 RED OAK LANE, PITTSFORD NY 14534
Alfred John Kreft director 3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019
Daniel L. Edwards officer: Sr. VP Sales for North America 6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358
Stephen M Bachelder director, officer: Chief Operating Officer 3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779