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Sparton (Sparton) Effective Interest Rate on Debt % : 10.43% (As of Dec. 2018)


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What is Sparton 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. Sparton's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $7.2 Mil. Sparton's average total debt for the quarter that ended in Dec. 2018 was $68.6 Mil. Therefore, Sparton's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 10.43%.


Sparton Effective Interest Rate on Debt % Historical Data

The historical data trend for Sparton'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.

Sparton Effective Interest Rate on Debt % Chart

Sparton Annual Data
Trend Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.19 2.51 3.02 5.14 7.96

Sparton Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Effective Interest Rate on Debt % Get a 7-Day Free Trial 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 6.80 6.63 9.34 9.88 10.43

Competitive Comparison of Sparton's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Sparton'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.


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

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

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



Sparton Effective Interest Rate on Debt % Calculation

Sparton's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2017 )+Total Debt  (A: Jun. 2018 ))/ count )
=-1  *  -6.354/( (74.936+84.667)/ 2 )
=-1  *  -6.354/79.8015
=7.96 %

where

Total Debt  (A: Jun. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=74.667 + 0.269
=74.936

Total Debt  (A: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=84.504 + 0.163
=84.667

Sparton's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2018 )+Total Debt  (Q: Dec. 2018 ))/ count )
=-1  *  -7.16/( (73.1+64.132)/ 2 )
=-1  *  -7.16/68.616
=10.43 %

where

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 64.132
=64.132

* 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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sparton  (NYSE:SPA) Effective Interest Rate on Debt % Explanation

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


Sparton Effective Interest Rate on Debt % Related Terms

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Sparton (Sparton) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sparton Corp (NYSE:SPA) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
425 North Martingale Road, Suite 1000, Schaumburg, IL, USA, 60173
Sparton Corp is a provider of design, development, and manufacturing services for complex electromechanical devices and engineered products. The Company serves the medical & biotechnology, military & aerospace and industrial & commercial markets.
Executives
Joseph J Hartnett director, officer: Interim CEO & President 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Frank Anders Wilson director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Alan Lee Bazaar director 9 BEDFORD ROAD, KATONAH NY 10536
Charles R. Kummeth director 425 MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173-2213
John A. Janitz director 6644 CORNERSTONE LANE, ROCHESTER HILLS MI 48306
Michael W Osborne officer: Sr. VP - Corporate Development 105 NORTON STREET NEWARK NY 14513
Cary B Wood director, officer: CEO & President 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173
Donald W Pearson officer: Sr. VP & CFO 425 N. MARTINGALE ROAD SUITE 2050 SCHAUMBURG IL 60173-2213
Stephanie A Martin officer: Senior Vice President 105 NORTON ST NEWARK NY 14513