CPI Aerostructures (CPI Aerostructures) Effective Interest Rate on Debt % : 10.33% (As of Mar. 2024)

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What is CPI Aerostructures 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. CPI Aerostructures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.53 Mil. CPI Aerostructures's average total debt for the quarter that ended in Mar. 2024 was $24.48 Mil. Therefore, CPI Aerostructures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.33%.

CPI Aerostructures Effective Interest Rate on Debt % Historical Data

The historical data trend for CPI Aerostructures'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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CPI Aerostructures Effective Interest Rate on Debt % Chart

CPI Aerostructures Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.41

3.89

3.17

7.11

8.94

CPI Aerostructures 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															8.38	7.75	9.88	9.90	10.33

Competitive Comparison of CPI Aerostructures's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, CPI Aerostructures'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.

CPI Aerostructures's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, CPI Aerostructures's Effective Interest Rate on Debt % distribution charts can be found below:

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

CPI Aerostructures Effective Interest Rate on Debt % Calculation

CPI Aerostructures'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 * -2.455	/	( (29.686	+	25.211)	/ 2 )
=	-1 * -2.455	/	27.4485
=	8.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.948	+	4.738
=	29.686

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.767	+	4.444
=	25.211

CPI Aerostructures'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 * -2.528	/	( (25.211	+	23.748)	/ 2 )
=	-1 * -2.528	/	24.4795
=	10.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.767	+	4.444
=	25.211

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.52	+	4.228
=	23.748

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.

CPI Aerostructures (AMEX:CVU) Effective Interest Rate on Debt % Explanation

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

CPI Aerostructures Effective Interest Rate on Debt % Related Terms

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CPI Aerostructures (CPI Aerostructures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CPI Aerostructures Inc (AMEX:CVU) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

91 Heartland Boulevard, Edgewood, NY, USA, 11717

Website

https://www.cpiaero.com

CPI Aerostructures Inc is engaged in the manufacturing of structural aircraft parts for fixed-wing aircraft and helicopters in both the commercial and defense markets in the United States. It also provides engineering, program management, supply chain management and kitting, and Maintenance Repair and Overhaul (MRO) services. CPI also acts as a subcontractor to prime aircraft manufacturers in the production of commercial aircraft parts. CPI Aero supplies the E-2D Advanced Hawkeye surveillance aircraft, the A-10 Thunderbolt attack jet, the Gulfstream G650, the UH-60 BLACK HAWK helicopter, and the S-92 helicopter among others.

Executives

Pamela Levesque	director	91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Richard C Rosenjack	director	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Paul Packer	10 percent owner	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Richard S Caswell	director	C/O CPI AEROSTRUCTURES, INC., 91 HEARTLAND BOULEVARD, EDGEWOOD NY 11717
Terry Dean Stinson	director	C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Dorith Hakim	director, officer: CEO and President	C/O GRAUBARD MILLER, 405 LEXINGTON AVENUE - 11TH FLOOR, NEW YORK NY 10174
Bond E Carey	director	3210 CYPRESS MARSH DRIVE, FORT MYERS FL 33905
Michael Faber	director	701 PENNSYLVANIA AVENUE NW, SUITE 900, WASHINGTON DC DC 20004
Walter Paulick	director	30 TERRY PL, RIVERHEAD NY 11901
Eric Rosenfeld	director	777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Andrew L Davis	officer: Chief Financial Officer	C/O EMERSON RADIO CORP., 3 UNIVERSITY PLAZA, SUITE 405, HACKENSACK NJ 07601
Thomas E Powers	officer: Acting Chief Financial Officer	C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Dan Azmon	officer: Chief Financial Officer	600 THIRD AVENUE, NEW YORK NY 10016
Janet Katherine Cooper	director	8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022