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Key Tronic (Key Tronic) Effective Interest Rate on Debt % : 8.91% (As of Dec. 2023)


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What is Key Tronic 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. Key Tronic's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $11.8 Mil. Key Tronic's average total debt for the quarter that ended in Dec. 2023 was $132.9 Mil. Therefore, Key Tronic's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.91%.


Key Tronic Effective Interest Rate on Debt % Historical Data

The historical data trend for Key Tronic'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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Key Tronic Effective Interest Rate on Debt % Chart

Key Tronic Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.81 4.19 3.70 4.41 7.73

Key Tronic Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.64 7.92 8.42 8.84 8.91

Competitive Comparison of Key Tronic's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Key Tronic'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.


Key Tronic's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Key Tronic's Effective Interest Rate on Debt % distribution charts can be found below:

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



Key Tronic Effective Interest Rate on Debt % Calculation

Key Tronic's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -10.023/( (119.718+139.697)/ 2 )
=-1  *  -10.023/129.7075
=7.73 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.316 + 7.402
=119.718

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=131.848 + 7.849
=139.697

Key Tronic's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -11.844/( (132.924+132.884)/ 2 )
=-1  *  -11.844/132.904
=8.91 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.728 + 6.196
=132.924

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=127.274 + 5.61
=132.884

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Key Tronic  (NAS:KTCC) Effective Interest Rate on Debt % Explanation

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


Key Tronic Effective Interest Rate on Debt % Related Terms

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Key Tronic (Key Tronic) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Key Tronic Corp (NAS:KTCC) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
4424 North Sullivan Road, Spokane Valley, WA, USA, 99216
Key Tronic Corp is an electronic manufacturing service provider. The company provides electronic manufacturing services to original equipment manufacturers in the United States and globally. Its primary services include integrated electronic and mechanical engineering, precision plastic molding, sheet metal fabrication, printed circuit board (PCB) and complete product assembly, component selection, sourcing and procurement, logistics, and new product testing and production. The firm derives a majority of its revenue from the United States.
Executives
Mark R Courtney officer: Vice President of Supply Chain 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Subodh K Kulkarni director 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Thomas E. Despres officer: VP of Southwest Operations 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Chad Thomas Orebaugh officer: Vice President of Engineering 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
David H. Knaggs officer: Vice President of Quality 4424 N. SULLIVAN ROAD, SPOKANE VALLEY WA 99216
Frank Iii Crispigna officer: VP of Supply Chain P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Duane D Mackleit officer: VP of Program Management P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
James R Bean director 2227 E. SKIPPERLING LN, BOISE ID 83706
Craig D Gates director, officer: President & CEO
Douglas G Burkhardt officer: EVP of Worldwide Operations P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Ronald F Klawitter director, officer: See Remarks
Kathleen L Nemeth officer: Secretary and General Counsel KEY TRONIC CORP, PO BOX 14687, SPOKANE WA 99214-0687
Lawrence J Bostwick officer: VP of Quality & Reg Affairs P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687
Brett R. Larsen officer: VP of Finance & Controller P.O. BOX 14687, SPOKANE VALLEY WA 99216
Philip Scott Hochberg officer: EVP of Business Development P.O. BOX 14687, SPOKANE VALLEY WA 99214-0687