AVALON HOLDINGS CORP
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
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EX-13.1 · Interest Expense
Interest Expense
Net interest expense was approximately $2.0 million in both 2025 and 2024, respectively. The weighted average debt outstanding during 2025 was approximately $32.7 million compared to $33.2 million in 2024. During the years ended December 31, 2025 and 2024, the weighted average interest rate on outstanding borrowings was 6.16% and 6.24%, respectively. Although both the weighted average debt outstanding and weighted average interest rate decreased, interest expense remained the same as a result of new finance leases entered into during 2025, resulting in additional interest expense.
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