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Inno Holdings (Inno Holdings) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Inno 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. Inno Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Inno Holdings's average total debt for the quarter that ended in Mar. 2024 was $1.00 Mil. Therefore, Inno Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Inno Holdings Effective Interest Rate on Debt % Historical Data

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

Inno Holdings Annual Data
Trend Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
3.11 1.22 4.32

Inno Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.87 3.98 4.53 1.83 -

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

For the Steel subindustry, Inno 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.

Inno Holdings's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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


Inno Holdings Effective Interest Rate on Debt % Calculation

Inno Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.072/( (1.389+1.943)/ 2 )
=-1  *  -0.072/1.666
=4.32 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.509 + 0.88
=1.389

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.387 + 1.556
=1.943

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (1.121+0.873)/ 2 )
=-1  *  0/0.997
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.327 + 0.794
=1.121

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.107 + 0.766
=0.873

* 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.

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

Inno Holdings  (NAS:INHD) Effective Interest Rate on Debt % Explanation

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

Inno Holdings Effective Interest Rate on Debt % Related Terms

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Inno Holdings (Inno Holdings) Business Description

Industry
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Traded in Other Exchanges
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Address
2465 Farm Market 359 South, Brookshire, TX, USA, 77423
Website
https://www.innometalstuds.com
Inno Holdings Inc is a building technology company with a mission to transform the construction industry with its proprietary cold-formed steel-framing technology and other innovations. It is a manufacturer of cold-formed-steel members and prefabricated homes. It offers a full range of services required to transform raw materials into precise steel framing products and prefabricated homes. The company sells these finished products either to businesses or directly to customers. The finished products and cold-formed-steel members are used in a variety of building types, including residential, commercial, industrial and infrastructure.