GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Effective Interest Rate on Debt %

Solitron Devices (Solitron Devices) Effective Interest Rate on Debt %

: 6.18% (As of Nov. 2023)
View and export this data going back to . Start your Free Trial

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. Solitron Devices's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $0.22 Mil. Solitron Devices's average total debt for the quarter that ended in Nov. 2023 was $3.56 Mil. Therefore, Solitron Devices's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 6.18%.


Solitron Devices Effective Interest Rate on Debt % Historical Data

The historical data trend for Solitron Devices'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.

Solitron Devices Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.50 5.05 3.84

Solitron Devices Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 3.86 3.75 3.94 3.83 6.18

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Solitron Devices'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.


Solitron Devices Effective Interest Rate on Debt % Distribution

For the Semiconductors industry and Technology sector, Solitron Devices's Effective Interest Rate on Debt % distribution charts can be found below:

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



Solitron Devices Effective Interest Rate on Debt % Calculation

Solitron Devices'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  *  -0.108/( (2.87+2.758)/ 2 )
=-1  *  -0.108/2.814
=3.84 %

where

Total Debt  (A: Feb. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.758 + 0.112
=2.87

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.648 + 0.11
=2.758

Solitron Devices'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  *  -0.22/( (2.702+4.422)/ 2 )
=-1  *  -0.22/3.562
=6.18 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.593 + 0.109
=2.702

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.565 + 1.857
=4.422

* 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.


Solitron Devices  (OTCPK:SODI) Effective Interest Rate on Debt % Explanation

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


Solitron Devices Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Solitron Devices's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Solitron Devices (Solitron Devices) Business Description

Industry
Traded in Other Exchanges
N/A
Address
901 Sansburys Way, West Palm Beach, FL, USA, 33411
Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.
Executives
Howard Timothy Eriksen director 567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson officer: President and COO 600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer director PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc 10 percent owner 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p. 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar other: Shareholder C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman director 1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc other: Shareholder 8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc other: Shareholder 8695 GLENDALE RD., CUSTER WA 98240
John F Chiste director
Dwight P Aubrey director C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity director
Sidney H Kopperl director C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407