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Lantronix (Lantronix) Effective Interest Rate on Debt % : 2.40% (As of Mar. 2024)


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What is Lantronix 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. Lantronix's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.7 Mil. Lantronix's average total debt for the quarter that ended in Mar. 2024 was $28.5 Mil. Therefore, Lantronix's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.40%.


Lantronix Effective Interest Rate on Debt % Historical Data

The historical data trend for Lantronix'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.

Lantronix Effective Interest Rate on Debt % Chart

Lantronix Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.21 4.43 9.73 5.35

Lantronix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.81 5.23 4.39 3.13 2.40

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

For the Communication Equipment subindustry, Lantronix'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.


Lantronix's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lantronix's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lantronix Effective Interest Rate on Debt % Calculation

Lantronix's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -1.485/( (24.233+31.248)/ 2 )
=-1  *  -1.485/27.7405
=5.35 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=21.584 + 2.649
=24.233

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26.646 + 4.602
=31.248

Lantronix'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  *  -0.684/( (29.083+27.819)/ 2 )
=-1  *  -0.684/28.451
=2.40 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24.167 + 4.916
=29.083

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.96 + 4.859
=27.819

* 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.


Lantronix  (NAS:LTRX) Effective Interest Rate on Debt % Explanation

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


Lantronix Effective Interest Rate on Debt % Related Terms

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Lantronix (Lantronix) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lantronix Inc (NAS:LTRX) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
48 Discovery, Suite 250, Irvine, CA, USA, 92618
Lantronix Inc is a networking company. It provides secure data access and management solutions for the Internet of Things (IoT) and information technology assets. It organizes its products and solutions into three product lines named as IoT Solutions, IoT System Solutions, and Software & Services. Embedded IoT solution segment is the key revenue driver for the company. The company serves a diverse range of markets including healthcare, industrial, security, energy, transportation, and government networking. Its primary geographic markets are the Americas, Europe, the Middle East and Africa, and Asia Pacific Japan. The Americas contribute the vast majority of total revenue.
Executives
Philip G Brace director LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035
Eric Bass officer: VP of Engineering 48 DISCOVERY, SUITE 250, IRVINE CA 92618
Hoshi Printer director C/O LANTRONIX, INC., 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92518
Paul F Folino director ONE ENTERPRISE, ALISO VIEJO CA 92656
Jason Cohenour director 47669 FREMONT BLVD, FREMONT CA 94538
Phu Hoang director 48 DISCOVERY, SUITE 250, IRVINE CA 92618
Jeremy Whitaker officer: Chief Financial Officer and Co 15353 BARRANCA PARKWAY, IRVINE CA 92618
Paul H Pickle director, officer: President & CEO 200 FLYNN ROAD, CAMARILLO CA 93012
Fathi Hakam officer: Vice President of Engineering 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Roger Holliday officer: VP of Worldwide Sales 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Heidi Nguyen director C/O LANTRONIX, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA IRVINE
Bernhard Bruscha director, 10 percent owner LANTRONIX INC, 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618
Hale Martin M Jr director, 10 percent owner
Margaret A Evashenk director EMULEX CORPORATION, 3333 SUSAN STREET, COSTA MESA CA 92626
Kevin Yoder officer: VP of Worldwide Sales 7535 IRVINE CENTER DRIVE, SUITE 100, IRVINE CA 92618