Alto Ingredients (STU:FPRP) Effective Interest Rate on Debt % : 6.18% (As of Mar. 2024)

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What is Alto Ingredients 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. Alto Ingredients's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €6 Mil. Alto Ingredients's average total debt for the quarter that ended in Mar. 2024 was €97 Mil. Therefore, Alto Ingredients's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.18%.

Alto Ingredients Effective Interest Rate on Debt % Historical Data

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

Alto Ingredients Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.17

8.92

4.37

2.49

7.60

Alto Ingredients Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.41	6.43	7.79	8.20	6.18

Competitive Comparison of Alto Ingredients's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Alto Ingredients'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.

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

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

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

Alto Ingredients Effective Interest Rate on Debt % Calculation

Alto Ingredients's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -6.809	/	( (82.38	+	96.706)	/ 2 )
=	-1 * -6.809	/	89.543
=	7.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.747	+	3.633
=	82.38

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.733	+	3.973
=	96.706

Alto Ingredients'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 * -6.012	/	( (96.706	+	97.934)	/ 2 )
=	-1 * -6.012	/	97.32
=	6.18 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.733	+	3.973
=	96.706

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	93.807	+	4.127
=	97.934

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.

Alto Ingredients (STU:FPRP) Effective Interest Rate on Debt % Explanation

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

Alto Ingredients Effective Interest Rate on Debt % Related Terms

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Alto Ingredients (STU:FPRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alto Ingredients Inc (STU:FPRP) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ALTO:USA FPR:Germany

Address

1300 South Second Street, Pekin, IL, USA, 61554

Website

https://www.altoingredients.com

Alto Ingredients Inc is a producer of specialty alcohols and essential ingredients. The company serves five markets: Health, Home and Beauty, Food and Beverage, Essential Ingredients, and Renewable Fuels. Its customers include major food and beverage companies and consumer products manufacturers and distributors. The company operates under three segments: Marketing and distribution, Pekin Campus production, and Other production. The Marketing and distribution segment participates in marketing and merchant trading for alcohols and essential ingredients; Pekin Campus produces and sells products produced at the company's Pekin, Illinois, campus, and about half of the firm's revenue flows from this segment. Other production makes and sells from the company's other production facilities.

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