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TPCS (Techprecision) Effective Interest Rate on Debt % : 4.21% (As of Jun. 2024)


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What is Techprecision 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. Techprecision's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.53 Mil. Techprecision's average total debt for the quarter that ended in Jun. 2024 was $12.54 Mil. Therefore, Techprecision's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.21%.


Techprecision Effective Interest Rate on Debt % Historical Data

The historical data trend for Techprecision'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.

Techprecision Effective Interest Rate on Debt % Chart

Techprecision Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.71 6.33 3.08 2.79 4.25

Techprecision 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 2.40 4.06 3.49 5.31 4.21

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

For the Metal Fabrication subindustry, Techprecision'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.


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

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

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



Techprecision Effective Interest Rate on Debt % Calculation

Techprecision's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -0.521/( (11.823+12.703)/ 2 )
=-1  *  -0.521/12.263
=4.25 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.893 + 1.93
=11.823

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.408 + 8.295
=12.703

Techprecision'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  *  -0.528/( (12.703+12.371)/ 2 )
=-1  *  -0.528/12.537
=4.21 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.408 + 8.295
=12.703

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.219 + 8.152
=12.371

* 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.


Techprecision  (NAS:TPCS) Effective Interest Rate on Debt % Explanation

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


Techprecision Effective Interest Rate on Debt % Related Terms

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Techprecision Business Description

Traded in Other Exchanges
N/A
Address
1 Bella Drive, Westminster, MA, USA, 01473
Techprecision Corp manufactures metal fabricated and machined precision components and systems. It offers a full range of services required to transform raw materials into precision finished products. The company's products are used in markets including defense, aerospace, nuclear, medical, and precision industries. All of its operations and customers are located in the United States. The company have two wholly owned subsidiaries that are each reportable segments: Ranor and Stadco. Each reportable segment focuses on the manufacture and assembly of specific components.
Executives
Barbara M. Lilley officer: Chief Financial Officer C/O TECHPRECISION CORPORATION, 1 BELLA DRIVE, WESTMINISTER MA 01473
Andrew A Levy director 46 BALDWIN FARM NORTH, GREENWHICH CT 06831
Walter Milton Schenker director 1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054
Thomas Sammons officer: Chief Financial Officer C/O TECHPRECISION CORPORATION, 992 OLD EAGLE SCHOOL ROAD, SUITE 909, WAYNE PA 19087
Alexander Shen officer: Chief Executive Officer C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034
Robert A Crisafulli director 1 BELLA DRIVE, WESTMINSTER PA 01473
Richard Mcgowan director C/O CLEVELAND BIOLABS, INC., 73 HIGH STREET, BUFFALO NY 14203
Philip A Dur director 1600 TECHNOLOGY WAY, P.O. BOX 231, LATROBE PA 15650
Robert G Isaman director C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Robert Francis other: President & GM of Ranor, Inc. C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034
Leonard M Anthony director MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
James S Molinaro director, officer: Chief Executive Officer 6330 WEGEWOOD DR, ALLENTOWN PA 18106
Richard F Fitzgerald officer: Chief Financial Officer C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473
Michael R Holly director 1729 SWEDESFORD ROAD, MALVERN PA 19355
Louis A Winoski director C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473