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US Lighting Group (US Lighting Group) Effective Interest Rate on Debt % : 3.02% (As of Dec. 2023)


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What is US Lighting 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. US Lighting Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.21 Mil. US Lighting Group's average total debt for the quarter that ended in Dec. 2023 was $7.03 Mil. Therefore, US Lighting Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.02%.


US Lighting Group Effective Interest Rate on Debt % Historical Data

The historical data trend for US Lighting 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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US Lighting Group Effective Interest Rate on Debt % Chart

US Lighting Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 5.04 4.80 4.47 3.28 1.82

US Lighting Group Quarterly Data
Mar17 Jun17 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.42 0.37 0.52 2.79 3.02

Competitive Comparison of US Lighting Group's Effective Interest Rate on Debt %

For the Recreational Vehicles subindustry, US Lighting 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.


US Lighting Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, US Lighting Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



US Lighting Group Effective Interest Rate on Debt % Calculation

US Lighting Group'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  *  -0.125/( (7.622+6.127)/ 2 )
=-1  *  -0.125/6.8745
=1.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.305 + 0.317
=7.622

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.841 + 0.286
=6.127

US Lighting Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.212/( (7.926+6.127)/ 2 )
=-1  *  -0.212/7.0265
=3.02 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.472 + 0.454
=7.926

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.841 + 0.286
=6.127

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


US Lighting Group  (OTCPK:USLG) Effective Interest Rate on Debt % Explanation

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


US Lighting Group Effective Interest Rate on Debt % Related Terms

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US Lighting Group (US Lighting Group) Business Description

Traded in Other Exchanges
N/A
Address
1148 East 222nd Street, Euclid, OH, USA, 44117
US Lighting Group Inc is a manufacturer of recreational vehicles utilizing the highest quality marine materials to create lighter weight, stronger, and more durable RV travel trailers and campers. It consists of four subsidiaries: Cortes Campers, LLC, a brand of high end molded fiberglass campers, Futuro Houses, LLC, focused on design and sales of molded fiberglass homes, Fusion X Marine, LLC, a high performance boat designer, and MIGMarine Corporation, a composite manufacturing company that produces proprietary molded fiberglass products for other business lines. The company formed Cortes Campers to operate a new brand of inventive travel trailers.
Executives
Michael A Coates officer: Corporate Controller 1148 EAST 222ND ST., EUCLID OH 44117
Retreage Donald O'connor Jr officer: CFO 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Patricia Ann Salaciak director, officer: Marketing Director 1148 EAST 222ND ST., EUCLID OH 44117
Olga Smirnova director, officer: Corporate Secretary 1148 EAST 222ND ST., EUCLID OH 44117
Paul Spivak director, 10 percent owner, officer: CEO 34099 MELINZ PKWY., UNIT E, EASTLAKE OH 44095

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