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LightPath Technologies (LightPath Technologies) Effective Interest Rate on Debt % : 1.70% (As of Dec. 2023)


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What is LightPath 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. LightPath Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.22 Mil. LightPath Technologies's average total debt for the quarter that ended in Dec. 2023 was $12.69 Mil. Therefore, LightPath Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.70%.


LightPath Technologies Effective Interest Rate on Debt % Historical Data

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

LightPath Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.91 4.76 1.97 1.58 2.09

LightPath 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 2.32 2.36 1.78 1.85 1.70

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

For the Electronic Components subindustry, LightPath 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.


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

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

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



LightPath Technologies Effective Interest Rate on Debt % Calculation

LightPath Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.283/( (14.728+12.382)/ 2 )
=-1  *  -0.283/13.555
=2.09 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.708 + 2.02
=14.728

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.285 + 2.097
=12.382

LightPath 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  *  -0.216/( (12.75+12.625)/ 2 )
=-1  *  -0.216/12.6875
=1.70 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.351 + 2.399
=12.75

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.245 + 3.38
=12.625

* 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.


LightPath Technologies  (NAS:LPTH) Effective Interest Rate on Debt % Explanation

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


LightPath Technologies Effective Interest Rate on Debt % Related Terms

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LightPath Technologies (LightPath Technologies) Business Description

Industry
Traded in Other Exchanges
Address
2603 Challenger Tech Court, Suite 100, Orlando, FL, USA, 32826
LightPath Technologies Inc is a manufacturer, distributor, and integrator of proprietary optical components and assemblies. It is also engaged in the research and development for optical solutions for the traditional optics markets and communications markets. The company's business based on the following product groups: precision molded optics, specialty products, and infrared products. It currently serves the following major markets, distribution and catalog, laser, industrial, instrumentation, telecommunications, and defense.
Executives
Albert Miranda officer: Chief Financial Officer 1102 DUNCAN CR., UNIT 203, PALM BEACH GARDENS FL 33418
Shmuel Rubin director, officer: Chief Executive Officer 12619 OXON ROAD, HERNDON VA 20171-1707
Louis Leeburg director LIGHTPATH TECHNOLOGIES INC, 6820 ACEDEMY PKWY EAST NE, ALBUQUERQUE NM 87109
Darcie Peck director 2603 CHALLENGER TECH COURT, SUITE 100, ORLANDO FL 32826
Steven E Creviston director
Retreage Donald O'connor Jr officer: CFO 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Brueck Steven R J director 2603 CHALLENGER TECH CT., SUITE 100, ., ORLANDO FL 32826
Robert Ripp director 920 ORCHID POINT WAY, VERO BEACH FL 32963
Gaynor Joseph J Jr officer: VICE PRESIDENT
Joseph Menaker director 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Alan Symmons officer: VP Engineering 2603 CHALLENGER TECH CT, SUITE 100, ORLANDO FL 32826
Dorothy M Cipolla officer: CFO & Secretary 6848 STAPOINT CT, WINTER PARK FL 32792
Sohail A Khan director 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Craig T Dunham director DYNASIL CORPORATION, 385 COOPER ROAD, WEST BERLIN NJ 08091
Xudong Zhu director, 10 percent owner 13 BUILDING, NO. 439, CHUNXIAO RD., ZHANGJIANG HIGH-TECH PARK, PUDONG, SHANGHAI F4 201203