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Aspen Aerogels (Aspen Aerogels) Effective Interest Rate on Debt %

: 8.45% (As of Dec. 2023)
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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. Aspen Aerogels's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $11.6 Mil. Aspen Aerogels's average total debt for the quarter that ended in Dec. 2023 was $137.4 Mil. Therefore, Aspen Aerogels's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.45%.


Aspen Aerogels Effective Interest Rate on Debt % Historical Data

The historical data trend for Aspen Aerogels'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.

Aspen Aerogels Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.43 2.86 1.94 7.59 4.13

Aspen Aerogels 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 % 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 Premium Member Only Premium Member Only Premium Member Only 3.30 0.91 0.66 5.75 8.45

Competitive Comparison

For the Building Products & Equipment subindustry, Aspen Aerogels'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.


Aspen Aerogels Effective Interest Rate on Debt % Distribution

For the Construction industry and Industrials sector, Aspen Aerogels's Effective Interest Rate on Debt % distribution charts can be found below:

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



Aspen Aerogels Effective Interest Rate on Debt % Calculation

Aspen Aerogels'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  *  -5.328/( (119.404+138.772)/ 2 )
=-1  *  -5.328/129.088
=4.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=117.036 + 2.368
=119.404

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=136.898 + 1.874
=138.772

Aspen Aerogels'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  *  -11.616/( (136.061+138.772)/ 2 )
=-1  *  -11.616/137.4165
=8.45 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=134.075 + 1.986
=136.061

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=136.898 + 1.874
=138.772

* 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.


Aspen Aerogels  (NYSE:ASPN) Effective Interest Rate on Debt % Explanation

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


Aspen Aerogels Effective Interest Rate on Debt % Related Terms

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Aspen Aerogels (Aspen Aerogels) Business Description

Industry
Traded in Other Exchanges
N/A
Address
30 Forbes Road, Building B, Northborough, MA, USA, 01532
Aspen Aerogels Inc is an aerogel technology company that designs, develops and manufactures high-performance aerogel insulation used in the energy infrastructure, building materials and electric vehicle markets. The company also conducts research and development related to aerogel technology supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. Some of its products include Pyrogel XTE; Cryogel Z; and others.
Executives
Gregg Landes officer: VP, Innovation & Strategic Dev C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Keith L Schilling officer: Sr. Vice President, Technology 24955 INTERSTATE 45 NORTH, THE WOODLANDS TX 77380
Santhosh P Daniel officer: Chief Accounting Officer C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Steven R Mitchell director C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Stephanie Pittman officer: Chief Human Resources Officer C/O ASPEN AEROGELS, INC., 30 FORBES RD., BUILDING B, NORTHBOROUGH MA 01532
Mark L Noetzel director 1000 ABERNATHY ROAD N.E., SUITE 1200, ATLANTA GA 30328
Donald R Young director, officer: President and CEO C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
James E Sweetnam director DANA HOLDING CORPORATION, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Wood River Capital, Llc 10 percent owner 4111 E. 37TH STREET N, WICHITA KS 67220
Kathleen Kool director 8500 SW CREEKSIDE PLACE, BEAVERTON OR 97008
Virginia Johnson officer: CLO, GC and Secretary 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Ricardo C. Rodriguez officer: SVP, CFO & Treasurer C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
Koch Industries Inc 10 percent owner 4111 EAST 37TH STREET NORTH, WICHITA KS 67220
Robert M. Gervis director 1000 ABERNATHY ROAD N.E., SUITE 1200, ATLANTA GA 30328
Kelley Conte officer: Vice President,Human Resources C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532