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Tel Instrument Electronics (Tel Instrument Electronics) Effective Interest Rate on Debt % : 4.40% (As of Dec. 2023)


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What is Tel Instrument Electronics 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. Tel Instrument Electronics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.09 Mil. Tel Instrument Electronics's average total debt for the quarter that ended in Dec. 2023 was $2.09 Mil. Therefore, Tel Instrument Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.40%.


Tel Instrument Electronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Tel Instrument Electronics'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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Tel Instrument Electronics Effective Interest Rate on Debt % Chart

Tel Instrument Electronics Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.20 44.37 14.37 9.53 13.41

Tel Instrument Electronics 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 % 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 17.76 14.77 15.33 26.34 4.40

Competitive Comparison of Tel Instrument Electronics's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Tel Instrument Electronics'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.


Tel Instrument Electronics's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

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

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



Tel Instrument Electronics Effective Interest Rate on Debt % Calculation

Tel Instrument Electronics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -0.264/( (1.721+2.216)/ 2 )
=-1  *  -0.264/1.9685
=13.41 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.527 + 0.194
=1.721

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.324 + 0.892
=2.216

Tel Instrument Electronics'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  *  -0.092/( (2.116+2.066)/ 2 )
=-1  *  -0.092/2.091
=4.40 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.22 + 0.896
=2.116

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.168 + 0.898
=2.066

* 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.


Tel Instrument Electronics  (OTCPK:TIKK) Effective Interest Rate on Debt % Explanation

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


Tel Instrument Electronics Effective Interest Rate on Debt % Related Terms

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Tel Instrument Electronics (Tel Instrument Electronics) Business Description

Traded in Other Exchanges
N/A
Address
One Branca Road, East Rutherford, NJ, USA, 07073
Tel Instrument Electronics Corp is a designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government, military aerospace, and defense markets. It designs, manufactures and sells instruments to test and measure, and calibrates and repairs airborne navigation and communication equipment. The company's reportable segments are Avionics government and Avionics commercial. The avionics government segment consists of the design, manufacture, and sale of test equipment to the U.S. and foreign governments and militaries. The Avionics commercial segment consists of design, manufacture, and sale of test equipment to domestic and foreign airlines. It generates a majority of its revenue from the Avionics Government segment.
Executives
Dowling Vincent J. Jr 10 percent owner 54 LEDYARD, WEST HARTFORD CT 06117
Robert A Rice director 728 GARDEN ST, CARLSTADT NJ 07072
Joseph P Macaluso 10 percent owner, officer: Principal Accounting Officer
Stephen A Fletcher director, 10 percent owner ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121
Sadie Elizabeth Fletcher 10 percent owner ONE BRANCA RD, EAST RUTHERFORD NJ 07073-2121
Michael Wolfgang Schirmer officer: Chief Operating Officer ONE BRANCA ROAD, EAST RUTHERFORD NJ 07073
Jeff C Ohara director ONE BRANCA RD, EAST RUTHERFORD NJ 07073
George J Leon director, 10 percent owner
Chris H Allen officer: VP of Operations ONE BRANCA RD, EAST RUTHERFORD NJ 07073
Harold K Fletcher director, 10 percent owner, officer: CEO
Marc A Mastrangelo officer: Vice President-Manufacturing 728 GARDEN ST, CARLSTADT NJ 07072
Adam Rachlin officer: Vice President 728 GARDEN ST, CARLSTADT NJ 07072
Charles R Palanzo officer: COO 728 GARDEN STREET, CARLSTADT NJ 07072
Robert H Walker director C/O ROBOTIC VISION SYSTEMS INC, 486 AMHERST STREET, NASHUA NH 03063
Robert J Melnick director, officer: Vice President

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