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FGI Industries (FGI Industries) Effective Interest Rate on Debt % : 3.65% (As of Mar. 2024)


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What is FGI Industries 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. FGI Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.9 Mil. FGI Industries's average total debt for the quarter that ended in Mar. 2024 was $24.3 Mil. Therefore, FGI Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.65%.


FGI Industries Effective Interest Rate on Debt % Historical Data

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

FGI Industries Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
2.63 2.23 1.90 2.86 3.62

FGI Industries Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.61 4.92 0.27 3.33 3.65

Competitive Comparison of FGI Industries's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, FGI Industries'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.


FGI Industries's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FGI Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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



FGI Industries Effective Interest Rate on Debt % Calculation

FGI Industries'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  *  -0.75/( (19.185+22.229)/ 2 )
=-1  *  -0.75/20.707
=3.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.847 + 11.338
=19.185

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.674 + 8.555
=22.229

FGI Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.888/( (22.229+26.369)/ 2 )
=-1  *  -0.888/24.299
=3.65 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.674 + 8.555
=22.229

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.234 + 13.135
=26.369

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


FGI Industries  (NAS:FGI) Effective Interest Rate on Debt % Explanation

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


FGI Industries Effective Interest Rate on Debt % Related Terms

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FGI Industries (FGI Industries) Business Description

Traded in Other Exchanges
N/A
Address
906 Murray Road, East Hanover, NJ, USA, 07869
FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.
Executives
Todd M. Heysse director 906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung director 906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir director 906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen director, officer: Executive Chairman 906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce director, officer: Chief Executive Officer 906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl officer: Executive VP, Canada 906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin officer: Chief Financial Officer 906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz officer: Executive VP, United States 906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd 10 percent owner 906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke officer: Executive VP, Europe 906 MURRAY ROAD, EAST HANOVER NJ 07869

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