Sturm Ruger (Sturm Ruger) Effective Interest Rate on Debt % : 3.23% (As of Mar. 2024)

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What is Sturm Ruger 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. Sturm Ruger's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.1 Mil. Sturm Ruger's average total debt for the quarter that ended in Mar. 2024 was $2.1 Mil. Therefore, Sturm Ruger's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.23%.

Sturm Ruger Effective Interest Rate on Debt % Historical Data

The historical data trend for Sturm Ruger'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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Sturm Ruger Effective Interest Rate on Debt % Chart

Sturm Ruger Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.82

9.79

10.25

11.34

7.87

Sturm Ruger Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.37	4.27	19.31	4.98	3.23

Competitive Comparison of Sturm Ruger's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Sturm Ruger'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.

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

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

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

Sturm Ruger Effective Interest Rate on Debt % Calculation

Sturm Ruger'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 * -0.205	/	( (3.039	+	2.17)	/ 2 )
=	-1 * -0.205	/	2.6045
=	7.87 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.039	+	0
=	3.039

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.17	+	0
=	2.17

Sturm Ruger's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.068	/	( (2.17	+	2.038)	/ 2 )
=	-1 * -0.068	/	2.104
=	3.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.17	+	0
=	2.17

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.038	+	0
=	2.038

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

Sturm Ruger (NYSE:RGR) Effective Interest Rate on Debt % Explanation

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

Sturm Ruger Effective Interest Rate on Debt % Related Terms

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Sturm Ruger (Sturm Ruger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sturm Ruger & Co Inc (NYSE:RGR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

DCO SWBI NPK ATRO TGI PL LILM EH AERG VSEC GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.

Traded in Other Exchanges

ST2:Germany ST2:Germany

Address

1 Lacey Place, Southport, CT, USA, 06890

Website

http://www.ruger.com

Sturm Ruger & Co Inc and its subsidiary are principally engaged in the design, manufacture, and sale of firearms to domestic customers. The company's design and manufacturing operations are in the United States and almost all product content is domestic. The company primarily offers products in three industry product categories namely rifles, pistols, and revolvers. The company's firearms are sold through independent wholesale distributors, principally to the commercial sporting market. It also manufactures and sells investment castings made from steel alloys and metal injection molding parts for internal use in the firearms segment and has minimal sales to outside customers.

Executives

Michael W Wilson	officer: VP of Mayodan Operations	ONE LACEY PLACE, SOUTHPORT CT 06890
Amir Rosenthal	director	C/O KATY INDUSTRIES INC, 765 STRAITS TURNPIKE STE 2000, MIDDLEBURY CT 06762
Christopher John Killoy	officer: Vice President Sales and Mtg.	C/O STURM, RUGER, & COMPANY, INC., 1 LACEY PLACE, SOUTHPORT CT 06890
Reid Kevin B. Sr	officer: VP & General Counsel	C/O STURM, RUGER & CO. INC, 1 LACEY PLACE, SOUTHPORT CT 06890
Timothy Lowney	officer: VP of Prescott Operations	1 LACEY PLACE, SOUTHPORT CT 06890
Rebecca S Halstead	director	ONE LACEY PLACE, SOUTHPORT CT 06890
Shawn Christopher Leska	officer: Vice President, Sales	ONE LACEY PLACE, SOUTHPORT CT 06890
C Michael Jacobi	director	C/O KATY INDUSTRIES INC, 765 STRAITS TURNPIKE STE 2000, MIDDLEBURY CT 06762
Randall Wheeler	officer: VP of Newport Operations	1 LACEY PLACE, SOUTHPORT CT 06890
Terrence Gregory Oconnor	director	C/O HIGH RISE PARTNERS, 325 NORTH AVENUE EAST, WESTFIELD NJ 07090
Thomas Patrick Sullivan	officer: VP of Newport Operations	C/O STURM RUGER & COMPANY INC, ONE LACEY PLACE, SOUTHPORT CT 06890
Ronald C Whitaker	director	C/O STURM RUGER & COMPANY INC, ONE LACEY PLACE, SOUTHPORT CT 06890
Thomas Anthony Dineen	officer: Treasurer and CFO
Michael O Fifer	director, officer: President & CEO	C/O STURM RUGER & COMPANY, INC, ONE LACEY PLACE, SOUTHPORT CT 06890
Werkmeister Robert J Jr	officer: VP of Marketing	ONE LACEY PLACE, SOUTHPORT CT 06890