Hooker Furnishings (Hooker Furnishings) Effective Interest Rate on Debt % : 1.93% (As of Jan. 2024)

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What is Hooker Furnishings 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. Hooker Furnishings's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $1.5 Mil. Hooker Furnishings's average total debt for the quarter that ended in Jan. 2024 was $78.1 Mil. Therefore, Hooker Furnishings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.93%.

Hooker Furnishings Effective Interest Rate on Debt % Historical Data

The historical data trend for Hooker Furnishings'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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Hooker Furnishings Effective Interest Rate on Debt % Chart

Hooker Furnishings Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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2.34

1.02

0.24

0.69

1.83

Hooker Furnishings Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-0.12	0.76	2.94	1.77	1.93

Competitive Comparison of Hooker Furnishings's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Hooker Furnishings'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.

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

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

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

Hooker Furnishings Effective Interest Rate on Debt % Calculation

Hooker Furnishings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -1.573	/	( (95.345	+	76.252)	/ 2 )
=	-1 * -1.573	/	85.7985
=	1.83 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.636	+	8.709
=	95.345

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.895	+	8.357
=	76.252

Hooker Furnishings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -1.504	/	( (79.918	+	76.252)	/ 2 )
=	-1 * -1.504	/	78.085
=	1.93 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.48	+	8.438
=	79.918

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.895	+	8.357
=	76.252

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

Hooker Furnishings (NAS:HOFT) Effective Interest Rate on Debt % Explanation

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

Hooker Furnishings Effective Interest Rate on Debt % Related Terms

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Hooker Furnishings (Hooker Furnishings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hooker Furnishings Corp (NAS:HOFT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

440 East Commonwealth Boulevard, Martinsville, VA, USA, 24112

Website

https://www.hookerfurnishings.com

Hooker Furnishings Corp formerly Hooker Furniture Corp is a designer, marketer, and importer of case goods, leather furniture, and fabric-upholstered furniture for the residential, hospitality, and contract markets. The company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. Its segments are the Hooker Branded, which includes a wide range of design categories, home entertainment, home office, dining, and bedroom furniture; the Home Meridian segment includes Samuel Lawrence Furniture and Pulaski Furniture; and the Domestic Upholstery segment includes the domestic upholstery manufacturing operations of Sam Moore and Shenandoah Furniture and others. The company generates most of its revenue from the Home Meridian Segment.

Executives

Christopher L Henson	director	214 N TRYON STREET, CHARLOTTE NC 28202
Maria C Duey	director	440 COMMONWEALTH BLVD E, MARTINSVILLE VA 24112
Anne Jacobsen	officer: Senior Vice President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paul A Huckfeldt	officer: Chief Financial Officer	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Tonya Harris Jackson	director	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Beeler W Christopher Jr	director	C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Tod R Phelps	officer: Sr. VP - Operations	PO BOX 4708, MARTINSVILLE VA 24115
Toms Paul B Jr	director, officer: Chief Executive Officer	HOOKER FURNITURE CORP, 440 E COMMONWEALTH BLVD, MARTINSVILLE VA 24112
Donald Lee Boone	officer: Co-President HMI	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Douglas Townsend	officer: Co-President HMI	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARDM, MARTINSVILLE VA 24112
Williamson Henry G Jr	director	HOOKER FURNITURE CORPORATION, POB 4708, MARTINSVILLE VA 24112
E Larry Ryder	director	C/O HOOKER FURNITURE CORP, P O BOX 4708, MARTINSVILLE VA 24115
Michael W Delgatti	officer: President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BLVD., MARTINSVILLE VA 24112
Paulette Garafalo	director	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112
Jeremy R Hoff	officer: President	HOOKER FURNITURE CORPORATION, 440 E. COMMONWEALTH BOULEVARD, MARTINSVILLE VA 24112