ACMAT (ACMT) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is ACMAT 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. ACMAT's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.02 Mil. ACMAT's average total debt for the quarter that ended in Sep. 2023 was $0.00 Mil. Therefore, ACMAT's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was N/A%.

ACMAT Effective Interest Rate on Debt % Historical Data

The historical data trend for ACMAT'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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ACMAT Effective Interest Rate on Debt % Chart

ACMAT Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Effective Interest Rate on Debt %

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3.35

3.64

3.49

3.28

3.39

ACMAT Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Sep22	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.40	3.53	3.57	0.75	-

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

For the Insurance - Specialty subindustry, ACMAT'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.

ACMAT's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ACMAT's Effective Interest Rate on Debt % distribution charts can be found below:

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

ACMAT Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2014 )	+	Total Debt (A: Dec. 2015 ))	/ count )
=	-1 * -0.299	/	( (8.055	+	9.586)	/ 2 )
=	-1 * -0.299	/	8.8205
=	3.39 %

where

	Total Debt (A: Dec. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.055	+	0
=	8.055

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.586	+	0
=	9.586

ACMAT's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.02	/	( (0	+	0)	/ 1 )
=	-1 * -0.02	/	0
=	N/A %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

ACMAT (OTCPK:ACMT) Effective Interest Rate on Debt % Explanation

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

ACMAT Effective Interest Rate on Debt % Related Terms

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ACMAT (ACMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ACMAT Corp (OTCPK:ACMT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 South Road, Farmington, CT, USA, 06032-2418

Website

https://www.acmatcorp.com

ACMAT Corp operates as a holding company that engages in the provision of providing surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors, and miscellaneous obligations nationwide. It also provides miscellaneous surety such as worker's compensation, supply, subdivision, license, and permit bonds. The company generates revenue from the investment income and premiums received.

ACMAT (ACMT) Headlines

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