Bassett Furniture Industries (Bassett Furniture Industries) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)

View and export this data going back to 1984. Start your Free Trial

What is Bassett Furniture 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. Bassett Furniture Industries's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.0 Mil. Bassett Furniture Industries's average total debt for the quarter that ended in Feb. 2024 was $114.5 Mil. Therefore, Bassett Furniture Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.00%.

Bassett Furniture Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Bassett Furniture 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.

* Premium members only.

Bassett Furniture Industries Effective Interest Rate on Debt % Chart

Bassett Furniture Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

0.02

0.03

0.02

Bassett Furniture Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	0.08	-

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

For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture 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.

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

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

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

Bassett Furniture Industries Effective Interest Rate on Debt % Calculation

Bassett Furniture Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.022	/	( (116.296	+	116.184)	/ 2 )
=	-1 * -0.022	/	116.24
=	0.02 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.477	+	18.819
=	116.296

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.357	+	18.827
=	116.184

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * 0	/	( (116.184	+	112.842)	/ 2 )
=	-1 * 0	/	114.513
=	0.00 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.357	+	18.827
=	116.184

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.312	+	17.53
=	112.842

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

Bassett Furniture Industries (NAS:BSET) Effective Interest Rate on Debt % Explanation

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

Bassett Furniture Industries Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Bassett Furniture Industries's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bassett Furniture Industries (Bassett Furniture Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bassett Furniture Industries Inc (NAS:BSET) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3525 Fairystone Park Highway, P.O. Box 626, Bassett, VA, USA, 24055

Website

https://www.bassettfurniture.com

Bassett Furniture Industries Inc is a manufacturer, importer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores.

Executives

Spilman Robert H Jr	director, officer: Pres & Chief Executive Officer	C/O BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055
John Michael Daniel	officer: V P, Chief Accounting Officer	P O BOX 626, 3525 FAIRYSTONE PARK HWY, BASSETT VA 24055
Warden William C Jr	director	PO BOX 2328, HICKORY NC 28603-2328
David C Baker	officer: SVP, Corporate Retail	1012 SHERATON, COURT, MARTINSVILLE VA 24112
Emma S. Battle	director	101 NORTH CHERRY STREET, SUITE 501, WINSTON SALEM NC 27101
Virginia W. Hamlet	director	P.O. BOX 626, BASSETT VA 24055
Wampler William C Jr	director	510 CUMBERLAND STREET, BRISTOL VA 24201-4387
Bassett John E Iii	officer: vice President Global Sourcing	C/O BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055
John R Belk	director	BELK INC, 2801 WEST TYVOLA ROAD, CHARLOTTE NC 28217-4500
Stefanie Jane Lucas	officer: SVP, Chief Merchandising Offic	P.O. BOX 626, BASSETT VA 24055
Kara Ann Kelchner-strong	officer: SVP, Customer Experience Offic	P.O. BOX 626, BASSETT VA 24055
Mark S Jordan	officer: Vice President Upholstery	BASSETT FURNITURE INDUSTRIES INC, PO BOX 626, BASSETT VA 24055
Jay R Hervey	officer: Vice Pres Sec & Gen Counsel
Bruce Cohenour	officer: SR VP/SALES & MERCHANDISING	HOOKER FURNITURE CORPORATION, 440 EAST COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Kristina K Cashman	director