FRD (Friedman Industries) Effective Interest Rate on Debt % : 6.83% (As of Dec. 2024)

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What is Friedman 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. Friedman Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $2.5 Mil. Friedman Industries's average total debt for the quarter that ended in Dec. 2024 was $37.0 Mil. Therefore, Friedman Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.83%.

Friedman Industries Effective Interest Rate on Debt % Historical Data

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

Friedman Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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4.95

2.64

2.51

8.37

7.92

Friedman Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.15	8.30	5.91	7.93	6.83

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

For the Steel subindustry, Friedman 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.

Friedman Industries's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

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Friedman Industries Effective Interest Rate on Debt % Calculation

Friedman Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -3.072	/	( (34.446	+	43.129)	/ 2 )
=	-1 * -3.072	/	38.7875
=	7.92 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.339	+	0.107
=	34.446

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.075	+	0.054
=	43.129

Friedman Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -2.528	/	( (38.685	+	35.299)	/ 2 )
=	-1 * -2.528	/	36.992
=	6.83 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.685	+	0
=	38.685

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.299	+	0
=	35.299

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

Friedman Industries (NAS:FRD) Effective Interest Rate on Debt % Explanation

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

Friedman Industries Effective Interest Rate on Debt % Related Terms

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Friedman Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (NAS:FRD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include flat-roll products and Tubular Products. It generates maximum revenue from the flat-roll products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Executives

Tim Scott Stevenson	director	PO BOX 2192, LONGVIEW TX 75606
Sandra Kay Scott	director	11503 BISTRO LANE, HOUSTON TX 77082
Mike J Taylor	director	P.O. BOX 2192, LONGVIEW TX 75606
Max Alan Reichenthal	director	865 LOCKWOOD DRIVE, HOUSTON TX 77020
Sharon L Taylor	director	4200 B STONE RD, KILGORE TX 75662
Joe L Williams	director	P.O. BOX 1587, HOUSTON TX 77251
Joel Spira	director	THREE GREENWAY PLAZA, SUITE 1750, HOUSTON TX 77046
Alex Larue	officer: VP - Secretary & Treasurer	7 PEBBLE CREEK DRIVE NORTH, LONGVIEW TX 75605
Durga D Agrawal	director	2921 UNIVERSITY BLVD, HOUSTON TX 77005
Robert Sparkman	officer: President & COO	P.O. BOX 2192, LONGVIEW TX 75605
Charles W Hall	director	1301 MCKINNEY STE 5100, HOUSTON TX 77010
Benny Harper	officer: Sr. VP-Finance	1301 MCKINNEY STE 5100, HOUSTON TX 77010
William E Crow	director, officer: President and CEO	P.O. BOX 1587, HOUSTON TX 77251
Hershel M Rich	director	P.O. BOX 1587, HOUSTON TX 77251
Harold Friedman	director, 10 percent owner, officer: Vice Chairman of the Board	4001 HOMESTEAD ROAF, HOUSTON TX 77028