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SLSN (Solesence) Effective Interest Rate on Debt % : 2.71% (As of Dec. 2024)


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What is Solesence 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. Solesence's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.43 Mil. Solesence's average total debt for the quarter that ended in Dec. 2024 was $15.97 Mil. Therefore, Solesence's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 2.71%.


Solesence Effective Interest Rate on Debt % Historical Data

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

Solesence Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.92 10.34 2.33 4.26 3.67

Solesence 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 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 4.57 4.54 4.32 3.51 2.71

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

For the Household & Personal Products subindustry, Solesence'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.


Solesence's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Solesence's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Solesence Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -0.67/( (21.259+15.297)/ 2 )
=-1  *  -0.67/18.278
=3.67 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.152 + 6.107
=21.259

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.037 + 6.26
=15.297

Solesence'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  *  -0.432/( (16.637+15.297)/ 2 )
=-1  *  -0.432/15.967
=2.71 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.346 + 7.291
=16.637

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.037 + 6.26
=15.297

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


Solesence  (NAS:SLSN) Effective Interest Rate on Debt % Explanation

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


Solesence Effective Interest Rate on Debt % Related Terms

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Solesence Business Description

Traded in Other Exchanges
N/A
Address
1319 Marquette Drive, Romeoville, IL, USA, 60446
Solesence Inc is a scientifically driven health care solutions company across beauty and life science categories, protecting skin from environmental aggressors and enhancing the aesthetic appeal of healthy products. The group is engaged in the beauty category that develops and manufactures clean, inclusive, mineral-based skincare and makeup products at the forefront of skin health. Its brands are Stress Defense, Kleair, and Bloom.
Executives
R Janet Whitmore director
Kevin Cureton officer: VP, Sales & Marketing & BD 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Bradford T Whitmore 10 percent owner 5215 OLD ORCHARD ROAD, SUITE 620, SKOKIE IL 60077
Jess Jankowski officer: Chief Financial Officer
Mark E Miller director 1319 MARQUETTE DR, ROMEOVILLE IL 60446
Strandler, Llc 10 percent owner 401 3RD STREET, #9, RAPID CITY SD 57701
Laura M Beres director 1319 MARQUETTE DR, ROMEOVILLE IL 60446
Jaime Escobar officer: Chief Financial Officer 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Frank Cesario officer: Chief Financial Officer C/O ISCO INTERNATIONAL INC, 451 KIGSTON COURT, MT PROSPECT IL 60056
James A Henderson director 301 WASHINGTON ST, COLUMBUS IN 47201
George A Vincent director C/O NANOPHASE TECHNOLOGIES, 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Spurgeon Corp 10 percent owner 407 S. THIRD STREET, SUITE 230, GENEVA IL 60134
W Edwin Tyler director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Nancy Baldwin officer: VP Human Resources & IT 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446
Patrick G Murray officer: VP Research & Development 1319 MARQUETTE DRIVE, ROMEOVILLE IL 60446