Motorcar Parts of America (Motorcar Parts of America) Effective Interest Rate on Debt % : 28.60% (As of Dec. 2023)

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What is Motorcar Parts of America 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. Motorcar Parts of America's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $73.2 Mil. Motorcar Parts of America's average total debt for the quarter that ended in Dec. 2023 was $255.9 Mil. Therefore, Motorcar Parts of America's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 28.60%.

Motorcar Parts of America Effective Interest Rate on Debt % Historical Data

The historical data trend for Motorcar Parts of America'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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Motorcar Parts of America Effective Interest Rate on Debt % Chart

Motorcar Parts of America Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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22.20

13.15

7.44

7.06

14.75

Motorcar Parts of America Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.94	17.09	16.35	21.31	28.60

Competitive Comparison of Motorcar Parts of America's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Motorcar Parts of America'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.

Motorcar Parts of America's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Motorcar Parts of America's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Motorcar Parts of America's Effective Interest Rate on Debt % falls into.

Motorcar Parts of America Effective Interest Rate on Debt % Calculation

Motorcar Parts of America's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -39.555	/	( (259.285	+	277.222)	/ 2 )
=	-1 * -39.555	/	268.2535
=	14.75 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	93.827	+	165.458
=	259.285

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.591	+	157.631
=	277.222

Motorcar Parts of America's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -73.188	/	( (281.254	+	230.515)	/ 2 )
=	-1 * -73.188	/	255.8845
=	28.60 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	107.517	+	173.737
=	281.254

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	106.951	+	123.564
=	230.515

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Motorcar Parts of America (NAS:MPAA) Effective Interest Rate on Debt % Explanation

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

Motorcar Parts of America Effective Interest Rate on Debt % Related Terms

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Motorcar Parts of America (Motorcar Parts of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Motorcar Parts of America Inc (NAS:MPAA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

54M:Germany

Address

2929 California Street, Torrance, CA, USA, 90503

Website

https://www.motorcarparts.com

Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.

Executives

Rudolph J Borneo	director	50 O'FARRELL STREET, SAN FRANCISCO CA 94108
David Bryan	director	605 STAPP ROAD, BOULDER CREEK CA 95006
Bison Capital Partners Vi, L.p.	director	233 WILSHIRE BOULEVARD, SUITE 425, SANTA MONICA CA 90401
Bison Capital Partners Vi-a, L.p.	director	233 WILSHIRE BOULEVARD, SUITE 425, SANTA MONICA CA 90401
Douglas B Trussler	director	39 EAST UNION STREET, PASADENA CA 91103
Richard K Mochulsky	officer: Vice President, Sales	2929 CALIFORNIA STREET, TORRANCE CA 90505
Joseph Edwin Ferguson	director	5103 SOUTH GARTH AVENUE, LOS ANGELES CA 90056
Joffe Selwyn	director, officer: President, CEO & Chairman
Kamlesh Shah	officer: Chief Accounting Officer	C/O MOTORCAR PARTS OF AMERICA, INC., 2929 CALIFORNIA STREET, TORRANCE CA 90503
David Sung Lee	officer: CFO	2929 CALIFORNIA STREET, TORRANCE CA 90503
Patricia W Warfield	director	2929 CALIFORNIA STREET, TORRANCE CA 90503
Duane Franklin Miller	director	7811 FIELDSTONE RIDGE, CLARKSTON MI 48348
Jamy P. Rankin	director	C/O MOTOR CAR PARTS OF AMERICA, INC., 2929 CALIFORNIA STREET, TORRANCE CA 90503
Philip Gay	director	6300 CANOGA AVENUE, SUITE 1700, WOODLAND HILLS CA 91367
Juliet Lynn Stone	officer: VP, Gen Counsel and Secretary	C/O MOTORCAR PARTS OF AMERICA, INC., 2020 CALIFORNIA STREET, TORRANCE CA 90503