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UFP Technologies (UFP Technologies) Effective Interest Rate on Debt % : 5.40% (As of Mar. 2024)


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What is UFP Technologies 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. UFP Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.5 Mil. UFP Technologies's average total debt for the quarter that ended in Mar. 2024 was $46.8 Mil. Therefore, UFP Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.40%.


UFP Technologies Effective Interest Rate on Debt % Historical Data

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

UFP Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.77 3.14 0.09 3.62 6.37

UFP Technologies 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 4.86 5.96 5.79 5.83 5.40

Competitive Comparison of UFP Technologies's Effective Interest Rate on Debt %

For the Medical Devices subindustry, UFP Technologies'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.


UFP Technologies's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, UFP Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



UFP Technologies Effective Interest Rate on Debt % Calculation

UFP Technologies'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  *  -3.645/( (68.368+46.037)/ 2 )
=-1  *  -3.645/57.2025
=6.37 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=61.851 + 6.517
=68.368

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.815 + 7.222
=46.037

UFP Technologies'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  *  -2.524/( (46.037+47.487)/ 2 )
=-1  *  -2.524/46.762
=5.40 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.815 + 7.222
=46.037

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.118 + 7.369
=47.487

* 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.


UFP Technologies  (NAS:UFPT) Effective Interest Rate on Debt % Explanation

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


UFP Technologies Effective Interest Rate on Debt % Related Terms

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UFP Technologies (UFP Technologies) Business Description

Traded in Other Exchanges
Address
100 Hale Street, Newburyport, MA, USA, 01950-3504
UFP Technologies Inc is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing highly specialized foams, films, and plastics primarily for the medical market. The company manufactures its products by converting raw materials using laminating, molding, radio frequency and impulse welding and fabricating manufacturing techniques. It is an important link in the medical device supply chain and a valued outsource partner to many of the top medical device manufacturers in the world. The company's single-use and single-patient devices and components are used in a wide range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.
Executives
R Jeffrey Bailly director, 10 percent owner, officer: President and CEO 100 HALE STREET, NEWBURYPORT MA 01950
Mitchell Rock officer: Vice President C/O UFP TECHNOLOGIES, INC., 172 EAST MAIN STREET, GEORGETOWN MA 01833
Jason Holt officer: Vice President 100 HALE STREET, NEWBURYPORT MA 01950
Symeria Hudson director 100 HALE STREET, NEWBURYPORT MA 01950
Joseph Hassett director ONE TECHNOLOGY WAY, NORWOOD MA 02062
Daniel C Croteau director C/O LYNCH, BREWER, HOFFMAN & FINK, LLP, 75 FEDERAL STREET, 7TH FLOOR, BOSTON MA 02110
Cynthia L Feldmann director 17 WINTHROP ROAD, WAYLAND MA 01778
Christopher P. Litterio officer: Senior Vice President C/O UFP TECHNOLOGIES, INC., 100 HALE STREET, NEWBURYPORT MA 02143
Ronald J Lataille officer: Chief Financial Officer
Thomas Oberdorf director C/O GETTY IMAGES, INC., 601 N 34TH ST, SEATTLE WA 98103
Marc D Kozin director
Steve Cardin officer: Vice President 100 HALE STREET, NEWBURYPORT MA 01950
Daniel J Shaw officer: Vice President
W David Smith officer: Vice President 172 EAST MAIN STREET, GEORGETOWN MA 01833
Pierce Robert W Jr director C/O UFP TECHNOLOGIES, INC., 172 EAST MAIN STREET, GEORGETOWN MA 01833