Precision Optics (Precision Optics) Effective Interest Rate on Debt % : 8.12% (As of Mar. 2024)

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What is Precision Optics 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. Precision Optics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.24 Mil. Precision Optics's average total debt for the quarter that ended in Mar. 2024 was $2.91 Mil. Therefore, Precision Optics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.12%.

Precision Optics Effective Interest Rate on Debt % Historical Data

The historical data trend for Precision Optics'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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Precision Optics Effective Interest Rate on Debt % Chart

Precision Optics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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5.13

0.19

0.79

9.60

7.11

Precision Optics 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															7.26	7.12	7.69	7.62	8.12

Competitive Comparison of Precision Optics's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Precision Optics'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.

Precision Optics's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Precision Optics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Precision Optics Effective Interest Rate on Debt % Calculation

Precision Optics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.219	/	( (2.999	+	3.159)	/ 2 )
=	-1 * -0.219	/	3.079
=	7.11 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.44	+	0.559
=	2.999

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.434	+	0.725
=	3.159

Precision Optics'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 * -0.236	/	( (2.798	+	3.017)	/ 2 )
=	-1 * -0.236	/	2.9075
=	8.12 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.067	+	0.731
=	2.798

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.884	+	1.133
=	3.017

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.

Precision Optics (NAS:POCI) Effective Interest Rate on Debt % Explanation

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

Precision Optics Effective Interest Rate on Debt % Related Terms

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Precision Optics (Precision Optics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Precision Optics Corp Inc (NAS:POCI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 East Broadway, Gardner, MA, USA, 01440

Website

https://www.poci.com

Precision Optics Corp Inc is engaged in designing, developing, and manufacturing advanced optical instruments. It manufactures medical products such as endoscopes and endocouplers which incorporate various optical technologies for use in a variety of minimally invasive surgical and diagnostic procedures. The company also produces endoscopes for various applications as well as designs and manufactures custom optical medical devices to satisfy customers' specific requirements. In addition, the company manufactures and sells components and assemblies specially designed for industrial and military use. The company earns the majority of its revenue from the United States.

Executives

Wayne M Coll	officer: Chief Financial Officer
Mahesh Lawande	officer: Chief Operating Officer	14 PUTNAM ROAD, ACTON MA 01720
Edward Kevin Dahill	officer: Interim CFO	137 HOLLOW TREE RIDGE ROAD, DARIEN CT 06820
Peter V. Anania	director, 10 percent owner	C/O PRECISION OPTICS CORPORATION, INC., 22 EAST BROADWAY, GARDNER MA 01440
Norman H Pessin	10 percent owner	C/O LEVY, HARKINS & CO., INC., 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Sandra F Pessin	10 percent owner	C/O NORMAN PESSIN, 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Brian L. Pessin	10 percent owner	310 EAST 75TH STREET, APT. 2A, NEW YORK NY 10021
Jeffrey Dirubio	officer: VP of Sales and Marketing	22 EAST BROADWAY, GARDNER MA 01440
Stuart Steinberg	10 percent owner	85 BELLEVUE AVENUE, RYE NY 10580
Daniel S Habhegger	officer: Chief Financial Officer	22 EAST BROADWAY, GARDNER MA 01440
Divaker Mangadu	officer: Pres., Ross Optical Division	22 EAST BROADWAY, GARDNER MA 01440
Hershey Strategic Capital, Lp	10 percent owner	C/O HERSHEY STRATEGIC CAPITAL GP, LLC, 6 POMPANO ROAD, RUMSON NJ 07760
Peter H Woodward	director	30 WEST 63RD STREET, SUITE 18G, NEW YORK NY 10023
Andrew J Miclow	director	C/O PRECISION OPTICS CORPORATION INC., 22 EAST BROADWAY, GARDNER MA 01440
Awm Investment Company, Inc.	10 percent owner	527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022