Richelieu Hardware (TSX:RCH) Effective Interest Rate on Debt % : 4.40% (As of Feb. 2024)

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What is Richelieu Hardware 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. Richelieu Hardware's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$10 Mil. Richelieu Hardware's average total debt for the quarter that ended in Feb. 2024 was C$229 Mil. Therefore, Richelieu Hardware's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.40%.

Richelieu Hardware Effective Interest Rate on Debt % Historical Data

The historical data trend for Richelieu Hardware'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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Richelieu Hardware Effective Interest Rate on Debt % Chart

Richelieu Hardware Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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4.67

3.42

2.95

3.93

5.61

Richelieu Hardware Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.16	5.24	4.94	4.18	4.40

Competitive Comparison of Richelieu Hardware's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Richelieu Hardware'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.

Richelieu Hardware's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Richelieu Hardware's Effective Interest Rate on Debt % distribution charts can be found below:

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

Richelieu Hardware Effective Interest Rate on Debt % Calculation

Richelieu Hardware's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -13.28	/	( (264.125	+	209.288)	/ 2 )
=	-1 * -13.28	/	236.7065
=	5.61 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	96.564	+	167.561
=	264.125

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.742	+	63.546
=	209.288

Richelieu Hardware's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -10.068	/	( (209.288	+	248.204)	/ 2 )
=	-1 * -10.068	/	228.746
=	4.40 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.742	+	63.546
=	209.288

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	169.211	+	78.993
=	248.204

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

Richelieu Hardware (TSX:RCH) Effective Interest Rate on Debt % Explanation

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

Richelieu Hardware Effective Interest Rate on Debt % Related Terms

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Richelieu Hardware (TSX:RCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Richelieu Hardware Ltd (TSX:RCH) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

RHUHF:USA

Address

7900 Henri-Bourassa Boulevard West, Ville Saint-Laurent, Montreal, QC, CAN, H4S 1V4

Website

https://www.richelieu.com

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada. Richelieu's products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.

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