Reliant Holdings (Reliant Holdings) Effective Interest Rate on Debt % : 10.42% (As of Mar. 2024)

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What is Reliant Holdings 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. Reliant Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.03 Mil. Reliant Holdings's average total debt for the quarter that ended in Mar. 2024 was $0.31 Mil. Therefore, Reliant Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.42%.

Reliant Holdings Effective Interest Rate on Debt % Historical Data

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

Reliant Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.50

1.69

2.96

5.75

Reliant Holdings 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															1.66	4.88	8.39	9.14	10.42

Competitive Comparison of Reliant Holdings's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Reliant Holdings'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.

Reliant Holdings's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reliant Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Reliant Holdings Effective Interest Rate on Debt % Calculation

Reliant Holdings'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 * -0.015	/	( (0.232	+	0.29)	/ 2 )
=	-1 * -0.015	/	0.261
=	5.75 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.01	+	0.222
=	0.232

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0.236
=	0.29

Reliant Holdings'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 * -0.032	/	( (0.29	+	0.324)	/ 2 )
=	-1 * -0.032	/	0.307
=	10.42 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0.236
=	0.29

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.07	+	0.254
=	0.324

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.

Reliant Holdings (OTCPK:RELT) Effective Interest Rate on Debt % Explanation

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

Reliant Holdings Effective Interest Rate on Debt % Related Terms

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Reliant Holdings (Reliant Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliant Holdings Inc (OTCPK:RELT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12343 Hymeadow Drive, Suite 3-A, Austin, TX, USA, 78750

Website

https://reliantholdingsinc.com

Reliant Holdings Inc, through its subsidiary, is involved in assisting customers with the design of, and then construction, recreational pools that blend in with the surroundings, geometric pools that complement the home's architecture and water features. The company builds Freeform Pool and Geometric Pool, concrete pools, and in-ground residential swimming pools. It also offers cleaning, treating, maintenance, and repair services to pools and spas.

Executives

Miguel Chavez	10 percent owner	10012 BARBROOK DR, AUSTIN TX 78726
Elijah May	director, 10 percent owner, officer: President, CEO and COO	8400 JAMESTOWN DR. UNIT 422, AUSTIN TX 78758
Rebecca Spohn Donovan	10 percent owner	6501 SAN ANTONIO DR. NE #2403, ALBUQUERQUE NM 87109

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