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Reko International Group (TSXV:REKO) Effective Interest Rate on Debt % : 4.07% (As of Jan. 2024)


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What is Reko International Group 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. Reko International Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.48 Mil. Reko International Group's average total debt for the quarter that ended in Jan. 2024 was C$11.80 Mil. Therefore, Reko International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 4.07%.


Reko International Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Reko International Group'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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Reko International Group Effective Interest Rate on Debt % Chart

Reko International Group Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.59 3.88 3.75 3.47 3.69

Reko International Group Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.58 3.55 3.86 4.14 4.07

Competitive Comparison of Reko International Group's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Reko International Group'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.


Reko International Group's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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



Reko International Group Effective Interest Rate on Debt % Calculation

Reko International Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2022 )+Total Debt  (A: Jul. 2023 ))/ count )
=-1  *  -0.462/( (12.968+12.063)/ 2 )
=-1  *  -0.462/12.5155
=3.69 %

where

Total Debt  (A: Jul. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.479 + 9.489
=12.968

Total Debt  (A: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.816 + 4.247
=12.063

Reko International Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -0.48/( (12.114+11.482)/ 2 )
=-1  *  -0.48/11.798
=4.07 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.711 + 4.403
=12.114

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.241 + 4.241
=11.482

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


Reko International Group  (TSXV:REKO) Effective Interest Rate on Debt % Explanation

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


Reko International Group Effective Interest Rate on Debt % Related Terms

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Reko International Group (TSXV:REKO) Business Description

Traded in Other Exchanges
Address
469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2
Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.
Executives
Lauren Beaudoin Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Reko International Group (TSXV:REKO) Headlines

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