Flexsteel Industries (FRA:FX3) Effective Interest Rate on Debt % : 0.29% (As of Sep. 2024)

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What is Flexsteel Industries 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. Flexsteel Industries's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €0.2 Mil. Flexsteel Industries's average total debt for the quarter that ended in Sep. 2024 was €63.0 Mil. Therefore, Flexsteel Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.29%.

Flexsteel Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Flexsteel Industries'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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Flexsteel Industries Effective Interest Rate on Debt % Chart

Flexsteel Industries Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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0.68

0.04

1.55

1.49

1.82

Flexsteel Industries 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															2.25	2.03	1.59	0.82	0.29

Competitive Comparison of Flexsteel Industries's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries'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.

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

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

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

Flexsteel Industries Effective Interest Rate on Debt % Calculation

Flexsteel Industries'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 * -1.44	/	( (92.693	+	65.415)	/ 2 )
=	-1 * -1.44	/	79.054
=	1.82 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.067	+	6.626
=	92.693

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.432	+	6.983
=	65.415

Flexsteel Industries'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 * -0.184	/	( (65.415	+	60.577)	/ 2 )
=	-1 * -0.184	/	62.996
=	0.29 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.432	+	6.983
=	65.415

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.883	+	6.694
=	60.577

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.

Flexsteel Industries (FRA:FX3) Effective Interest Rate on Debt % Explanation

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

Flexsteel Industries Effective Interest Rate on Debt % Related Terms

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Flexsteel Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Flexsteel Industries Inc (FRA:FX3) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FLXS:USA FX3:Germany

Address

385 Bell Street, Dubuque, IA, USA, 52001-0877

Website

https://www.flexsteel.com

Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. Its product offerings include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential markets.

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