Luna Innovations (Luna Innovations) Effective Interest Rate on Debt % : 6.55% (As of Sep. 2023)

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What is Luna Innovations 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. Luna Innovations's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $2.5 Mil. Luna Innovations's average total debt for the quarter that ended in Sep. 2023 was $37.4 Mil. Therefore, Luna Innovations's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.55%.

Luna Innovations Effective Interest Rate on Debt % Historical Data

The historical data trend for Luna Innovations'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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Luna Innovations Effective Interest Rate on Debt % Chart

Luna Innovations Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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6.59

0.49

0.31

1.81

3.44

Luna Innovations Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.31	6.08	5.07	7.23	6.55

Competitive Comparison of Luna Innovations's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Luna Innovations'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.

Luna Innovations's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Luna Innovations Effective Interest Rate on Debt % Calculation

Luna Innovations's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.857	/	( (21.498	+	28.319)	/ 2 )
=	-1 * -0.857	/	24.9085
=	3.44 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.182	+	6.316
=	21.498

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.53	+	4.789
=	28.319

Luna Innovations's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -2.452	/	( (34.745	+	40.134)	/ 2 )
=	-1 * -2.452	/	37.4395
=	6.55 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.796	+	4.949
=	34.745

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.065	+	5.069
=	40.134

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

Luna Innovations (NAS:LUNA) Effective Interest Rate on Debt % Explanation

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

Luna Innovations Effective Interest Rate on Debt % Related Terms

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Luna Innovations (Luna Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Luna Innovations Inc (NAS:LUNA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

301 1st Street South West, Suite 200, Roanoke, VA, USA, 24011

Website

https://www.lunainc.com

Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.

Executives

George Gomez-quintero	officer: Chief Financial Officer	LUNA INNOVATIONS INCORPORATED, 301 FIRST STREET SW, SUITE 200, ROANOKE VA 24011
Pamela L Coe	director	C/O EXPEDIA, INC., 333 108TH AVENUE NE, BELLEVUE WA 98004
Brian Soller	officer: Chief Operating Officer	301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Gene Nestro	officer: Chief Financial Officer	C/O LUNA INNOVATIONS, INC., 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Clinic Carilion	10 percent owner	EDWARD MURPHY, M.D., 213 SOUTH JEFFERSON STREET, SUITE 807, ROANOKE VA 24011
Mary Beth Vitale	director	821 17TH STREET, DENVER CO 80202
Dale E Messick	officer: Chief Financial Officer	LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Scott A Graeff	officer: CFO, Executive VP Corp. Dev.	LUNA INNOVATIONS INCORPORATED, 2851 COMMERCE STREET, BLACKSBURG VA 24060
Barry Phelps	director	26750 AGOURA RD, CALABASAS CA 91302
Michael W. Wise	director	C/O LUNA INNOVATIONS INCORPORATED, 1 RIVERSIDE CIRCLE, SUITE 400, ROANOKE VA 24016
Richard Roedel	director	164 WEST RD, NEW CANAAN CT 06840
Donald Pastor	director	2925 BOARDWALK, ANN ARBOR MI 48104
Gary Spiegel	director
Coringrato Edward J Jr.	director	301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Wilkin Neil D Jr	director