Radius Recycling (FRA:SS1A) Effective Interest Rate on Debt % : 6.45% (As of Nov. 2024)

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What is Radius Recycling 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. Radius Recycling's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was €33 Mil. Radius Recycling's average total debt for the quarter that ended in Nov. 2024 was €518 Mil. Therefore, Radius Recycling's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 6.45%.

Radius Recycling Effective Interest Rate on Debt % Historical Data

The historical data trend for Radius Recycling'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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Radius Recycling Effective Interest Rate on Debt % Chart

Radius Recycling Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Effective Interest Rate on Debt %

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4.80

2.31

3.09

4.86

5.93

Radius Recycling Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.05	5.22	5.74	6.59	6.45

Competitive Comparison of Radius Recycling's Effective Interest Rate on Debt %

For the Steel subindustry, Radius Recycling'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.

Radius Recycling's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Radius Recycling's Effective Interest Rate on Debt % distribution charts can be found below:

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

Radius Recycling Effective Interest Rate on Debt % Calculation

Radius Recycling's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2023 )	+	Total Debt (A: Aug. 2024 ))	/ count )
=	-1 * -24.396	/	( (334.992	+	488.218)	/ 2 )
=	-1 * -24.396	/	411.605
=	5.93 %

where

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	311.473	+	23.519
=	334.992

	Total Debt (A: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	465.588	+	22.63
=	488.218

Radius Recycling's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2024 )	+	Total Debt (Q: Nov. 2024 ))	/ count )
=	-1 * -33.392	/	( (488.218	+	547.801)	/ 2 )
=	-1 * -33.392	/	518.0095
=	6.45 %

where

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	465.588	+	22.63
=	488.218

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	522.956	+	24.845
=	547.801

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

Radius Recycling (FRA:SS1A) Effective Interest Rate on Debt % Explanation

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

Radius Recycling Effective Interest Rate on Debt % Related Terms

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Radius Recycling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Radius Recycling Inc (FRA:SS1A) » Definitions » Effective Interest Rate on Debt %

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RDUS:USA

Address

299 SW Clay Street, Suite 400, Portland, OR, USA, 97201

Website

https://www.radiusrecycling.com

Radius Recycling Inc is a North American Based company which is involved in recycling of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. As a vertically integrated organization, it offers products and services to meet world-wide demand through the network that includes fifty retail self-service auto parts stores, fifty four metals recycling facilities, and an electric arc furnace steel mill.

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