Ikonics (Ikonics) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2021)

View and export this data going back to 1995. Start your Free Trial

What is Ikonics 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. Ikonics's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $0.00 Mil. Ikonics's average total debt for the quarter that ended in Sep. 2021 was $0.00 Mil. Therefore, Ikonics's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was N/A%.

Ikonics Effective Interest Rate on Debt % Historical Data

The historical data trend for Ikonics'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.

* Premium members only.

Ikonics Effective Interest Rate on Debt % Chart

Ikonics Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.81

2.64

3.02

3.12

3.16

Ikonics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.53	1.93	3.00	12.36	-

Competitive Comparison of Ikonics's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Ikonics'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.

Ikonics's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

Ikonics Effective Interest Rate on Debt % Calculation

Ikonics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -0.087	/	( (2.821	+	2.688)	/ 2 )
=	-1 * -0.087	/	2.7545
=	3.16 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.688	+	0.133
=	2.821

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.688
=	2.688

Ikonics's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ikonics (NAS:IKNX) Effective Interest Rate on Debt % Explanation

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

Ikonics Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Ikonics's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ikonics (Ikonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ikonics Corp (NAS:IKNX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4832 Grand Avenue, Duluth, MN, USA, 55807

Website

https://www.ikonics.com

Ikonics Corp is engaged in the development, manufacturing, and selling of photosensitive liquids and films for the screen printing, awards and recognition industries. It has four segments. Chromaline, which is the key revenue driver, sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment. Advanced Material Solutions provides sound deadening and weight reduction technology to the aerospace industry and products for etched composites, ceramics, glass, and silicon wafers. Digital Texturing Technology includes products related to patented and proprietary inkjet technology used for mold texturing and prototyping.

Executives

William C Ulland	director, 10 percent owner
Joseph R Nerges	10 percent owner, other: Confidentiality agreement	1726 BUNDY ST, SCRANTON PA 18508
Kenneth D. Hegman	officer: Chief Operating Officer	2202 FREDERICK STREET, DULUTH MN 55803
Glenn Sandgren	director, officer: Chief Executive Officer	4832 GRAND AVENUE, DULUTH MN 55807
Darrell B Lee	director	C/O MOCON, INC., 7500 BOONE AVENUE NORTH, MINNEAPOLIS MN 55428
Harper Ernest M. Jr	director	3016 EMERSON AVE S, MINNEAPOLIS MN 55408
Gregory W. Jackson	director	4832 GRAND AVENUE, DULUTH MN 55807
Marianne Bohren	director	4832 GRAND AVENUE, DULUTH MN 55807
David O Harris	director
Gerald W Simonson	director	7260 COMMERCE CIRCLE EAST, MINNEAPOLIS MN 55432
D Jeffrey Engbrecht	director	4832 GRAND AVENUE, DULUTH MN 55807
Karl G. Shaw	officer: Chief Technology Officer	307 E. 3RD STREET, APT 74, DULUTH MN 55805
Rondi Erickson	director
H Leigh Severance	director	100 FILMORE ST, STE 300, DENVER CO 80206
Lockwood Carlson	director	4832 GRAND AVENUE, DULUTH MN 55807