ABSSF (AirBoss of America) Effective Interest Rate on Debt % : 12.27% (As of Sep. 2024)

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What is AirBoss of America 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. AirBoss of America's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $15.1 Mil. AirBoss of America's average total debt for the quarter that ended in Sep. 2024 was $122.8 Mil. Therefore, AirBoss of America's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.27%.

AirBoss of America Effective Interest Rate on Debt % Historical Data

The historical data trend for AirBoss of America'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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AirBoss of America Effective Interest Rate on Debt % Chart

AirBoss of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.59

4.09

4.88

5.12

3.81

AirBoss of America Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.35	-8.59	9.28	9.73	12.27

Competitive Comparison of AirBoss of America's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, AirBoss of America'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.

AirBoss of America's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, AirBoss of America's Effective Interest Rate on Debt % distribution charts can be found below:

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

AirBoss of America Effective Interest Rate on Debt % Calculation

AirBoss of America's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -5.233	/	( (143.694	+	131.344)	/ 2 )
=	-1 * -5.233	/	137.519
=	3.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141.408	+	2.286
=	143.694

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	128.907	+	2.437
=	131.344

AirBoss of America's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -15.068	/	( (122.621	+	123.061)	/ 2 )
=	-1 * -15.068	/	122.841
=	12.27 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.099	+	2.522
=	122.621

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.491	+	2.57
=	123.061

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

AirBoss of America (OTCPK:ABSSF) Effective Interest Rate on Debt % Explanation

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

AirBoss of America Effective Interest Rate on Debt % Related Terms

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AirBoss of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AirBoss of America Corp (OTCPK:ABSSF) » Definitions » Effective Interest Rate on Debt %

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BOS:Canada

Address

16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8

Website

https://www.airboss.com

AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive, and industrial markets. It operates in three segments, 1) The AirBoss Rubber Solutions includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The AirBoss Manufactured Products include the manufacture and distribution of anti-noise, vibration, and harshness dampening parts and personal protection and safety products, primarily for CBRN-E threats. 3) The Unallocated Corporate Costs Include corporate activities and certain unallocated costs. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.