GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » AmeraMex International Inc (OTCPK:AMMX) » Definitions » Effective Interest Rate on Debt %

AmeraMex International (AmeraMex International) Effective Interest Rate on Debt % : 7.46% (As of Mar. 2023)


View and export this data going back to . Start your Free Trial

What is AmeraMex International 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. AmeraMex International's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.50 Mil. AmeraMex International's average total debt for the quarter that ended in Mar. 2023 was $6.65 Mil. Therefore, AmeraMex International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 7.46%.


AmeraMex International Effective Interest Rate on Debt % Historical Data

The historical data trend for AmeraMex International'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.

AmeraMex International Effective Interest Rate on Debt % Chart

AmeraMex International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 18.28 10.88 11.87 12.34 11.22

AmeraMex International Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 11.48 5.71 16.34 7.87 7.46

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

For the Farm & Heavy Construction Machinery subindustry, AmeraMex International'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.


AmeraMex International's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, AmeraMex International's Effective Interest Rate on Debt % distribution charts can be found below:

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



AmeraMex International Effective Interest Rate on Debt % Calculation

AmeraMex International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.681/( (5.648+6.489)/ 2 )
=-1  *  -0.681/6.0685
=11.22 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.689 + 3.959
=5.648

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.533 + 2.956
=6.489

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -0.496/( (6.489+6.817)/ 2 )
=-1  *  -0.496/6.653
=7.46 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.533 + 2.956
=6.489

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.778 + 3.039
=6.817

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


AmeraMex International  (OTCPK:AMMX) Effective Interest Rate on Debt % Explanation

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


AmeraMex International Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of AmeraMex International's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


AmeraMex International (AmeraMex International) Business Description

Traded in Other Exchanges
N/A
Address
3930 Esplanade, Chico, CA, USA, 95973
AmeraMex International Inc is a dealer of new and refurbished heavy equipment. It sells, leases, and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company's key product line is specialized container handling equipment for loading and unloading of container ships and dry dock areas.
Executives
Hope Stone officer: Chief Financial Officer 3930 ESPLANADE, CHICO CA 95973
Lee Hamre director, 10 percent owner, officer: Chief Executive Officer,, other: Chairman 3930 ESPLANADE, CHICO CA 95973
Marty Tullio director, officer: Secretary and Director 3930 ESPLANADE, CHICO CA 95973
Brian Hamre director 3930 ESPLANADE, CHICO CA 95973
John Jeffery Morris director 3930 ESPLANADE, CHICO CA 95973
Michael R. Maloney director, officer: Chief Operations Officer,, other: Treasurer 3930 ESPLANADE, CHICO CA 95973

AmeraMex International (AmeraMex International) Headlines