FTC Solar (STU:6YK0) Effective Interest Rate on Debt % : 13.57% (As of Dec. 2024)

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What is FTC Solar 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. FTC Solar's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €0.80 Mil. FTC Solar's average total debt for the quarter that ended in Dec. 2024 was €5.87 Mil. Therefore, FTC Solar's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 13.57%.

FTC Solar Effective Interest Rate on Debt % Historical Data

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

FTC Solar Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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6.79

43.06

67.82

16.30

5.14

FTC Solar 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															11.89	30.75	-0.24	-	13.57

Competitive Comparison of FTC Solar's Effective Interest Rate on Debt %

For the Solar subindustry, FTC Solar'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.

FTC Solar's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Effective Interest Rate on Debt % distribution charts can be found below:

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

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FTC Solar Effective Interest Rate on Debt % Calculation

FTC Solar'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 * -0.305	/	( (1.71	+	10.154)	/ 2 )
=	-1 * -0.305	/	5.932
=	5.14 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.031	+	0.679
=	1.71

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.433	+	0.721
=	10.154

FTC Solar'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 * -0.796	/	( (1.582	+	10.154)	/ 2 )
=	-1 * -0.796	/	5.868
=	13.57 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.796	+	0.786
=	1.582

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.433	+	0.721
=	10.154

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.

FTC Solar (STU:6YK0) Effective Interest Rate on Debt % Explanation

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

FTC Solar Effective Interest Rate on Debt % Related Terms

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FTC Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FTC Solar Inc (STU:6YK0) » Definitions » Effective Interest Rate on Debt %

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Address

9020 North Capital of Texas Highway, Suite I-260, Austin, TX, USA, 78759

Website

https://www.ftcsolar.com

FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.

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