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Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Effective Interest Rate on Debt % : 10.03% (As of Dec. 2023)


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What is Universal Stainless & Alloy Products 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. Universal Stainless & Alloy Products's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $8.8 Mil. Universal Stainless & Alloy Products's average total debt for the quarter that ended in Dec. 2023 was $87.7 Mil. Therefore, Universal Stainless & Alloy Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.03%.


Universal Stainless & Alloy Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Universal Stainless & Alloy Products'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.

Universal Stainless & Alloy Products Effective Interest Rate on Debt % Chart

Universal Stainless & Alloy Products Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.19 5.25 3.71 5.23 9.13

Universal Stainless & Alloy Products Quarterly Data
Mar19 Jun19 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 6.87 8.22 8.49 9.36 10.03

Competitive Comparison of Universal Stainless & Alloy Products's Effective Interest Rate on Debt %

For the Steel subindustry, Universal Stainless & Alloy Products'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.


Universal Stainless & Alloy Products's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Universal Stainless & Alloy Products's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Universal Stainless & Alloy Products's Effective Interest Rate on Debt % falls into.



Universal Stainless & Alloy Products Effective Interest Rate on Debt % Calculation

Universal Stainless & Alloy Products'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  *  -8.414/( (98.434+85.803)/ 2 )
=-1  *  -8.414/92.1185
=9.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=95.015 + 3.419
=98.434

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=81.902 + 3.901
=85.803

Universal Stainless & Alloy Products'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  *  -8.796/( (89.529+85.803)/ 2 )
=-1  *  -8.796/87.666
=10.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=85.832 + 3.697
=89.529

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=81.902 + 3.901
=85.803

* 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.


Universal Stainless & Alloy Products  (NAS:USAP) Effective Interest Rate on Debt % Explanation

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


Universal Stainless & Alloy Products Effective Interest Rate on Debt % Related Terms

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Universal Stainless & Alloy Products (Universal Stainless & Alloy Products) Business Description

Traded in Other Exchanges
Address
600 Mayer Street, Bridgeville, PA, USA, 15017
Universal Stainless & Alloy Products Inc manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel, and certain other alloyed steels. The company along with its subsidiaries involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels.
Executives
Udi Toledano director 51 DUFFIELD DRIVE, S. ORANGE NJ 07079
M. David Kornblatt director 1214 ROUND HILL ROAD, BRYN MAWR PA 19010
Judith L Bacchus director 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219
Christopher L Ayers director 5626 MISSION DRIVE, MISSION HILL KS 66208
Dennis M Oates director, officer: Chairman, President and CEO 600 MAYER STREET, BRIDGEVILLE PA 15017
Steven Ditommaso officer: VP and CFO 600 MAYER STREET, BRIDGEVILLE PA 15017
Wendel Crosby officer: Vice President of Manufacturin 600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher M Zimmer officer: Exec. V. P. & CCO 600 MAYER STREET, BRIDGEVILLE PA 15017
John Arminas officer: VP, Gen. Counsel & Secretary 600 MAYER STREET, BRIDGEVILLE PA 15017
Christopher Thomas Scanlon officer: VP Finance, Treasurer & CFO 415 HOLIDAY DRIVE, PITTSBURGH PA 15520
Graham Mcintosh officer: V. P. Technology & Chief Techn 600 MAYER STREET, BRIDGEVILLE PA 15017
Alyssa H Snider officer: VP & CHRO 600 MAYER STREET, BRIDGEVILLE PA 15017
Paul A Mcgrath officer: V.P. Admin., General Counsel 600 MAYER STREET, BRIDGEVILLE PA 15017
Ross C Wilkin officer: V.P. Finance, CFO & Treasurer 600 MAYER STREET, BRIDGEVILLE PA 15017
Larry J Pollock officer: Exec. V.P. & CMO 600 MAYER STREET, BRIDGEVILLE PA 15017