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Park Aerospace (Park Aerospace) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2023)


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What is Park Aerospace 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. Park Aerospace's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $0.00 Mil. Park Aerospace's average total debt for the quarter that ended in Nov. 2023 was $0.15 Mil. Therefore, Park Aerospace's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.00%.


Park Aerospace Effective Interest Rate on Debt % Historical Data

The historical data trend for Park Aerospace'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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Park Aerospace Effective Interest Rate on Debt % Chart

Park Aerospace Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
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Park Aerospace Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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Competitive Comparison of Park Aerospace's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Park Aerospace'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.


Park Aerospace's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Park Aerospace's Effective Interest Rate on Debt % distribution charts can be found below:

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



Park Aerospace Effective Interest Rate on Debt % Calculation

Park Aerospace's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2022 )+Total Debt  (A: Feb. 2023 ))/ count )
=-1  *  0/( (0.227+0.182)/ 2 )
=-1  *  0/0.2045
=0.00 %

where

Total Debt  (A: Feb. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.174 + 0.053
=0.227

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.129 + 0.053
=0.182

Park Aerospace's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  0/( (0.159+0.147)/ 2 )
=-1  *  0/0.153
=0.00 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.106 + 0.053
=0.159

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.094 + 0.053
=0.147

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


Park Aerospace  (NYSE:PKE) Effective Interest Rate on Debt % Explanation

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


Park Aerospace Effective Interest Rate on Debt % Related Terms

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Park Aerospace (Park Aerospace) Business Description

Traded in Other Exchanges
Address
1400 Old Country Road, Suite 409N, Westbury, New York, NY, USA, 11590
Park Aerospace Corp designs develop and manufactures engineered, Advanced composite materials and composite structures and assemblies and low-volume tooling for the aerospace markets and prototype tooling for such structures and assemblies. It only operating business segments is Aerospace. Geographically, the company derives a majority of revenue from North America and also has a presence in a company operates its business in Asia and Europe. It offers Advanced Composite Prepregs for Aircraft Structures and Interiors, Sigma Strut and Alpha Strut.
Executives
Shane Connor director 10510 SPRINGBORO PIKE, MIAMISBURG OH 45342
Nickel Cory officer: Sr VP and General Manager 816 N. BLAINE ST., NEWTON KS 67114
Dale Blanchfield director 128 HAWTHORNE ROAD, HOPKINS MN 55343
D. Bradley Thress director 250 WEST SPRING STREET, UNIT 615, COLUMBUS OH 43215
Brian E Shore director, officer: President and CEO
Emily J Groehl officer: Sr. VP, Sales and Marketing
Mark A Esquivel officer: Vice President - Aerospace 48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Yvonne Julian director 225 HIDDEN HILLS DRIVE, GREENVILLE SC 29605
Steven T Warshaw director
Stephen E Gilhuley officer: Senior Vice President, Secreta
P. Matthew Farabaugh officer: Vice President and Controller PARK ELECTROCHEMICAL CORP., 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE X1 11747
Benjamin Wykoff Shore officer: Senior Vice President 31 HARBOR PARK DRIVE, CENTERPORT NY 11721
Robert J Yaniro officer: VP and Corporate Controller 48 SOUTH SERVICE ROAD, MELVILLE NY 11747
Carl William Smith director 10044 E. NACOMA CT., SUN LAKE AZ 85248
Christopher T. Mastrogiacomo officer: V P of Strategic Marketing 48 SOUTH SERVICE ROAD, SUITE 300, MELVILLE NY 11747