Adrad Holdings (ASX:AHL) Effective Interest Rate on Debt % : 0.53% (As of Jun. 2024)

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What is Adrad Holdings 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. Adrad Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$0.3 Mil. Adrad Holdings's average total debt for the quarter that ended in Jun. 2024 was A$50.1 Mil. Therefore, Adrad Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.53%.

Adrad Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Adrad Holdings'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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Adrad Holdings Effective Interest Rate on Debt % Chart

Adrad Holdings Annual Data

Trend

Jun23

Jun24

Effective Interest Rate on Debt %

3.74

0.34

Adrad Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	-	7.70	0.56	0.12	0.53

Competitive Comparison of Adrad Holdings's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Adrad Holdings'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.

Adrad Holdings's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Adrad Holdings Effective Interest Rate on Debt % Calculation

Adrad Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -0.164	/	( (48.889	+	48.77)	/ 2 )
=	-1 * -0.164	/	48.8295
=	0.34 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.128	+	5.761
=	48.889

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.3	+	4.47
=	48.77

Adrad Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.268	/	( (51.524	+	48.77)	/ 2 )
=	-1 * -0.268	/	50.147
=	0.53 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.338	+	5.186
=	51.524

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.3	+	4.47
=	48.77

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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Adrad Holdings (ASX:AHL) Effective Interest Rate on Debt % Explanation

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

Adrad Holdings Effective Interest Rate on Debt % Related Terms

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Adrad Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adrad Holdings Ltd (ASX:AHL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Howards Road, Beverley, SA, AUS, 5009

Website

https://www.adradholdings.com.au

Adrad Holdings Ltd designs and manufactures a wide variety of original equipment and aftermarket heat exchange products for both mobile and stationary applications. The company operates in two segments which include Heat Transfer Solutions, and Distribution. Heat Transfer Solutions segment which derives maximum revenue, engages in original equipment manufacturing which includes manufacturing of industrial and automotive radiators and cooling solutions. The Distribution segment includes the distribution of radiators and parts in the automotive aftermarket. It operates manufacturing facilities in Australia and Thailand. Geographically, the company derives key revenue from Australasia and the rest from Asia, the Middle East, North America, South America, Europe, and Africa.