THBD (Third Bench) Effective Interest Rate on Debt %: 9.88% (As of May. 2024)


What is Third Bench Effective Interest Rate on Debt %?

Third Bench THBD Effective Interest Rate on Debt % is 9.88% as of May. 2024.

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. Third Bench's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was $1.11 Mil. Third Bench's average total debt for the quarter that ended in May. 2024 was $11.26 Mil. Therefore, Third Bench's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 9.88%.

Third Bench  (OTCPK:THBD) Effective Interest Rate on Debt % Explanation

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

Third Bench Effective Interest Rate on Debt % Related Terms

Third Bench Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Third Bench'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.

Third Bench Effective Interest Rate on Debt % Chart

Third Bench Annual Data
Trend Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 0.00 1.00 108.97 71.34 75.14

Third Bench Quarterly Data
Feb10 May10 Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Aug14 Aug15 May22 May23 May24
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 0.00 0.00 161.04 2.02 9.88

THBD vs SGI, SN, MHK: Effective Interest Rate on Debt % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Third Bench'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.

Third Bench Effective Interest Rate on Debt % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Third Bench's Effective Interest Rate on Debt % distribution charts can be found below:

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


Third Bench Effective Interest Rate on Debt % Calculation

Third Bench's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2014 )+Total Debt  (A: Aug. 2015 ))/ count )
=-1  *  -0.337/( (0.358+0.539)/ 2 )
=-1  *  -0.337/0.4485
=75.14 %

where

Total Debt  (A: Aug. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.358
=0.358

Total Debt  (A: Aug. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.539
=0.539

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: May. 2024 ))/ count )
=-1  *  -1.112/( (10.309+12.201)/ 2 )
=-1  *  -1.112/11.255
=9.88 %

where

Total Debt  (Q: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.964 + 2.345
=10.309

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.282 + 3.919
=12.201

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

What does a Effective Interest Rate on Debt % of 9.88% mean?
Third Bench (THBD) has a Effective Interest Rate on Debt % of 9.88% as of May. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Third Bench and its competitors.
Is Third Bench's Effective Interest Rate on Debt % too high?
Third Bench's current Effective Interest Rate on Debt % is 9.88%.
How does Third Bench's Effective Interest Rate on Debt % compare to SGI and SN?
Third Bench's Effective Interest Rate on Debt % of 9.88% can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Furnishings, Fixtures & Appliances company?
A good Effective Interest Rate on Debt % depends on the Furnishings, Fixtures & Appliances industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Third Bench and its competitors. Third Bench's current Effective Interest Rate on Debt % is 9.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Third Bench stock overvalued right now?
Third Bench (THBD) has a current Effective Interest Rate on Debt % of 9.88%. The current Effective Interest Rate on Debt % is 9.88%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Third Bench (THBD), the current Effective Interest Rate on Debt % is 9.88% as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Third Bench Business Description

Address 710 North Post Oak, Suite 206, Houston, TX, USA, 77024
Third Bench Inc is a holding company. The company, along with its subsidiaries, offers products in categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. It also provides installation services as a part of its vertical offering. Additionally, the company provides its products and services through its architectural millwork and retail facilities, located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona.