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TX Rail Products (TX Rail Products) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2020)


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What is TX Rail Products 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. TX Rail Products's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was $0.00 Mil. TX Rail Products's average total debt for the quarter that ended in Sep. 2020 was $2.46 Mil. Therefore, TX Rail Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 0.00%.


TX Rail Products Effective Interest Rate on Debt % Historical Data

The historical data trend for TX Rail Products'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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TX Rail Products Effective Interest Rate on Debt % Chart

TX Rail Products Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 4.78 5.00 5.20 0.85

TX Rail Products Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Sep20
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 5.51 5.86 5.25 4.16 -

Competitive Comparison of TX Rail Products's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, TX Rail Products'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.


TX Rail Products's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, TX Rail Products's Effective Interest Rate on Debt % distribution charts can be found below:

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



TX Rail Products Effective Interest Rate on Debt % Calculation

TX Rail Products's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2019 )+Total Debt  (A: Sep. 2020 ))/ count )
=-1  *  -0.021/( (2.494+2.43)/ 2 )
=-1  *  -0.021/2.462
=0.85 %

where

Total Debt  (A: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.425 + 0.069
=2.494

TX Rail Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2019 )+Total Debt  (Q: Sep. 2020 ))/ count )
=-1  *  0/( (2.494+2.43)/ 2 )
=-1  *  0/2.462
=0.00 %

where

Total Debt  (Q: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.425 + 0.069
=2.494

* 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 (Sep. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


TX Rail Products  (OTCPK:TXRP) Effective Interest Rate on Debt % Explanation

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


TX Rail Products Effective Interest Rate on Debt % Related Terms

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TX Rail Products (TX Rail Products) Business Description

Traded in Other Exchanges
N/A
Address
12080 Virginia Boulevard, Ashland, KY, USA, 41102
TX Holdings Inc is engaged in the business of supplying, distributing and selling drill bits, related tools, and other mining supplies and rail material directly and through other suppliers to the United States coal mining industry which are used in production and transportation processes. The company's product profile includes Miner Bits, Block and Sleeves, and Miscellaneous parts.

TX Rail Products (TX Rail Products) Headlines

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