GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Infrastructure Equipment Ltd (OTCPK:TGHLF) » Definitions » Effective Interest Rate on Debt %

TGHLF (Tornado Infrastructure Equipment) Effective Interest Rate on Debt % : 3.22% (As of Dec. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Tornado Infrastructure Equipment 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. Tornado Infrastructure Equipment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.13 Mil. Tornado Infrastructure Equipment's average total debt for the quarter that ended in Dec. 2024 was $3.98 Mil. Therefore, Tornado Infrastructure Equipment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 3.22%.


Tornado Infrastructure Equipment Effective Interest Rate on Debt % Historical Data

The historical data trend for Tornado Infrastructure Equipment'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.

Tornado Infrastructure Equipment Effective Interest Rate on Debt % Chart

Tornado Infrastructure Equipment 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 6.38 5.12 5.73 7.42 3.72

Tornado Infrastructure Equipment 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 7.11 4.89 5.76 4.72 3.22

Competitive Comparison of Tornado Infrastructure Equipment's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Tornado Infrastructure Equipment'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.


Tornado Infrastructure Equipment's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tornado Infrastructure Equipment's Effective Interest Rate on Debt % distribution charts can be found below:

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


;
;

Tornado Infrastructure Equipment Effective Interest Rate on Debt % Calculation

Tornado Infrastructure Equipment'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  *  -0.182/( (5.899+3.897)/ 2 )
=-1  *  -0.182/4.898
=3.72 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.394 + 2.505
=5.899

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.54 + 0.357
=3.897

Tornado Infrastructure Equipment'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  *  -0.128/( (4.062+3.897)/ 2 )
=-1  *  -0.128/3.9795
=3.22 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.735 + 0.327
=4.062

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.54 + 0.357
=3.897

* 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.


Tornado Infrastructure Equipment  (OTCPK:TGHLF) Effective Interest Rate on Debt % Explanation

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


Tornado Infrastructure Equipment Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Tornado Infrastructure Equipment's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tornado Infrastructure Equipment Business Description

Traded in Other Exchanges
Address
300 – 5th Avenue South West, Suite 1800, Calgary, AB, CAN, T2P 3C4
Tornado Infrastructure Equipment Ltd is a truck manufacturer. It designs and manufactures hydrovac trucks as well as provides heavy-duty truck maintenance operations in central Alberta. The group sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction and oil and gas markets. Its brands for parts include CatPumps, Ripsaw, Kenworth, and others.

Tornado Infrastructure Equipment Headlines

From GuruFocus

Tornado Global Hydrovacs Increases Operating Line

By GlobeNewswire GlobeNewswire 11-11-2022

Tornado Global Hydrovacs Reports 2021 Results

By GlobeNewswire GlobeNewswire 04-29-2022

Tornado Global Hydrovacs Reports Second Quarter 2018 Results

By GlobeNewswire GlobeNewswire 08-23-2018

Tornado Global Hydrovacs Announces Voting Results from AGM

By GlobeNewswire GlobeNewswire 12-02-2022

Tornado Global Hydrovacs Ltd.: Red Deer Facility Update

By GlobeNewswire GlobeNewswire 10-19-2020

Tornado Global Hydrovacs Purchases New Production Facility

By GlobeNewswire GlobeNewswire 02-03-2020