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Bird Construction (Bird Construction) Effective Interest Rate on Debt % : 9.77% (As of Dec. 2023)


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What is Bird Construction 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. Bird Construction's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $12 Mil. Bird Construction's average total debt for the quarter that ended in Dec. 2023 was $118 Mil. Therefore, Bird Construction's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.77%.


Bird Construction Effective Interest Rate on Debt % Historical Data

The historical data trend for Bird Construction'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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Bird Construction Effective Interest Rate on Debt % Chart

Bird Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.28 5.12 4.35 5.80 8.05

Bird Construction 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.39 7.11 8.08 6.58 9.77

Competitive Comparison of Bird Construction's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Bird Construction'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.


Bird Construction's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bird Construction's Effective Interest Rate on Debt % distribution charts can be found below:

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



Bird Construction Effective Interest Rate on Debt % Calculation

Bird Construction'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  *  -8.94/( (109.201+112.818)/ 2 )
=-1  *  -8.94/111.0095
=8.05 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.891 + 18.31
=109.201

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.161 + 21.657
=112.818

Bird Construction'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  *  -11.512/( (122.928+112.818)/ 2 )
=-1  *  -11.512/117.873
=9.77 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.854 + 32.074
=122.928

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.161 + 21.657
=112.818

* 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.

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.


Bird Construction  (OTCPK:BIRDF) Effective Interest Rate on Debt % Explanation

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


Bird Construction Effective Interest Rate on Debt % Related Terms

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Bird Construction (Bird Construction) Business Description

Industry
Traded in Other Exchanges
Address
5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6
Bird Construction Inc is a construction company operating from coast-to-coast and servicing all of Canada's major markets. The group provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets, to industrial maintenance, repair and operations services, heavy civil construction, and mine support services. It also provides vertical infrastructure including, electrical, mechanical, and specialty trades. In addition to its commitment to safety, Bird provides services that offer long-term value to its stakeholders.