Olympic Steel (Olympic Steel) Effective Interest Rate on Debt % : 7.04% (As of Mar. 2024)

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What is Olympic Steel 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. Olympic Steel's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $16 Mil. Olympic Steel's average total debt for the quarter that ended in Mar. 2024 was $228 Mil. Therefore, Olympic Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.04%.

Olympic Steel Effective Interest Rate on Debt % Historical Data

The historical data trend for Olympic Steel'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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Olympic Steel Effective Interest Rate on Debt % Chart

Olympic Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.33

3.66

2.82

3.66

7.63

Olympic Steel 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															6.91	5.93	6.28	6.36	7.04

Competitive Comparison of Olympic Steel's Effective Interest Rate on Debt %

For the Steel subindustry, Olympic Steel'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.

Olympic Steel's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Olympic Steel's Effective Interest Rate on Debt % distribution charts can be found below:

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

Olympic Steel Effective Interest Rate on Debt % Calculation

Olympic Steel'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 * -16.006	/	( (194.411	+	225.272)	/ 2 )
=	-1 * -16.006	/	209.8415
=	7.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	188.313	+	6.098
=	194.411

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	217.459	+	7.813
=	225.272

Olympic Steel'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 * -16.04	/	( (225.272	+	230.3)	/ 2 )
=	-1 * -16.04	/	227.786
=	7.04 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	217.459	+	7.813
=	225.272

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	222.514	+	7.786
=	230.3

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.

Olympic Steel (NAS:ZEUS) Effective Interest Rate on Debt % Explanation

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

Olympic Steel Effective Interest Rate on Debt % Related Terms

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Olympic Steel (Olympic Steel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Olympic Steel Inc (NAS:ZEUS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OYS:Germany OYS:Germany

Address

22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122

Website

https://www.olysteel.com

Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.

Executives

Dirk A Kempthorne	director	1735 MARKET STREET, PHILADELPHIA PA 19103
Michael D Siegal	director, 10 percent owner, officer: Chairman of the Board and CEO	5080 RICHMOND ROAD, CLEVELAND OH 44146-1392
David A Wolfort	director, officer: President and COO
Richard T Marabito	officer: Chief Financial Officer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Andrew S Greiff	officer: EVP and COO	22901 MILLCREEK BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Richard P Stovsky	director	350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108
Arthur F Anton	director	29500 SOLON ROAD, SOLON OH 44139
Richard A Manson	officer: Vice President and Treasurer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Lisa K Christen	officer: See Remarks	C/O/ OLYMPIC STEEL, INC., 22901 MILLCREED BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Vanessa Whiting	director	C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., SUITE 650, HIGHLAND HILLS OH 44122
Della Ratta Ralph M Jr	director	1690 CHAGRIN RIVER ROAD, GATES MILLS OH 44040
Idalene Fay Kesner	director	101 OAKLEY STREET, EVANSVILLE IN 47710
Michael G Rippey	director	C/O OLYMPIC STEEL, INC., 22901 MILLCREEK BLVD., HIGHLAND HILLS OH 44122
Howard Goldstein	director	5096 RICHMOND RD, BEDFORD HEIGHTS OH 44146
Mcneeley Donald R. Jr.	director, officer: Subsidiary Officer	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146