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TG (Tredegar) Effective Interest Rate on Debt % : 8.29% (As of Jun. 2024)


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What is Tredegar 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. Tredegar's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $13.5 Mil. Tredegar's average total debt for the quarter that ended in Jun. 2024 was $163.0 Mil. Therefore, Tredegar's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.29%.


Tredegar Effective Interest Rate on Debt % Historical Data

The historical data trend for Tredegar'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.

* Premium members only.

Tredegar Effective Interest Rate on Debt % Chart

Tredegar Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.96 2.43 2.83 4.16 7.46

Tredegar Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.85 7.68 9.32 8.48 8.29

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

For the Metal Fabrication subindustry, Tredegar'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.


Tredegar's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tredegar's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tredegar Effective Interest Rate on Debt % Calculation

Tredegar'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  *  -11.607/( (151.773+159.371)/ 2 )
=-1  *  -11.607/155.572
=7.46 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=149.738 + 2.035
=151.773

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.942 + 128.429
=159.371

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -13.516/( (166.519+159.487)/ 2 )
=-1  *  -13.516/163.003
=8.29 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.318 + 131.201
=166.519

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=34.61 + 124.877
=159.487

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


Tredegar  (NYSE:TG) Effective Interest Rate on Debt % Explanation

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


Tredegar Effective Interest Rate on Debt % Related Terms

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Tredegar Business Description

Industry
Traded in Other Exchanges
N/A
Address
1100 Boulders Parkway, Richmond, VA, USA, 23225
Tredegar Corp through its subsidiaries engaged in the manufacture of Polyethylene Plastic films, Polyester Films, and Aluminum Extrusions. Polyethylene Plastic films manufacture plastic films, elastics and laminate materials which are utilized in personal care materials, surface protection films, and specialty and optical lighting applications. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. Aluminum Extrusions produce high-quality, soft-alloy and medium-strength aluminum use for building and construction, automotive, consumer durables, machinery and equipment, electrical and distribution markets. It generates revenue from the United States, Asia, and Brazil.
Executives
James T. Gottwald 10 percent owner 3600 RIVER ROAD WEST, GOOCHLAND VA 23063
Kevin Cyril Donnelly officer: Vice President and Secretary 1100 BOULDERS PARKWAY, RICHMOND VA 23225
Anne G Waleski director 1508 WEST AVENUE, RICHMOND VA 23220
Michael Jay Schewel officer: Vice President and Secretary C/O MARKEL CORPORATION, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060
Brickhouse Frasier W Ii other: Controller 1100 BOULDERS PARKWAY, RICHMOND VA 23225
Gamco Investors, Inc. Et Al 10 percent owner 191 MASON STREET, GREENWICH CT 06830
John M Steitz director ALBEMARLE CORP, 451 FLORIDA ST, BATON ROUGE LA 70801
William M Gottwald director ALBERMARLE CORP, PO BOX 2189, RICHMOND VA 23218
Associated Capital Group, Inc. 10 percent owner 191 MASON STREET, GREENWICH CT 06830
A Brent King officer: Vice President and Secretary 4951 LAKE BROOK DR, STE 500, GLEN ALLEN VA 23060
Mary Jane Hellyar officer: Vice President 1100 BOULDERS PARKWAY, RICHMOND VA 23225
Ggcp, Inc. 10 percent owner 189 MASON STREET, GREENWICH CT 06830
Mario J Gabelli 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Gottwald Floyd D Jr director 330 SOUTH FOURTH STREET, RICHMOND VA 23219
John D Gottwald director 207 WOOD ROAD, TREDEGAR CORP, 1100 BOULDERS PARKWAY VA 23225

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