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Bloomin Brands (Bloomin Brands) Effective Interest Rate on Debt % : 2.64% (As of Dec. 2023)


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What is Bloomin Brands 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. Bloomin Brands's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $56 Mil. Bloomin Brands's average total debt for the quarter that ended in Dec. 2023 was $2,107 Mil. Therefore, Bloomin Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.64%.


Bloomin Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for Bloomin Brands'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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Bloomin Brands Effective Interest Rate on Debt % Chart

Bloomin Brands 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 2.88 2.81 2.72 2.57 2.46

Bloomin Brands 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 2.77 2.45 2.60 2.44 2.64

Competitive Comparison of Bloomin Brands's Effective Interest Rate on Debt %

For the Restaurants subindustry, Bloomin Brands'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.


Bloomin Brands's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Bloomin Brands's Effective Interest Rate on Debt % distribution charts can be found below:

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



Bloomin Brands Effective Interest Rate on Debt % Calculation

Bloomin Brands'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  *  -52.169/( (2160.624+2087.8)/ 2 )
=-1  *  -52.169/2124.212
=2.46 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1977.114 + 183.51
=2160.624

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1912.358 + 175.442
=2087.8

Bloomin Brands'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  *  -55.684/( (2126.738+2087.8)/ 2 )
=-1  *  -55.684/2107.269
=2.64 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1941.079 + 185.659
=2126.738

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1912.358 + 175.442
=2087.8

* 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.


Bloomin Brands  (NAS:BLMN) Effective Interest Rate on Debt % Explanation

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


Bloomin Brands Effective Interest Rate on Debt % Related Terms

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Bloomin Brands (Bloomin Brands) Business Description

Industry
Traded in Other Exchanges
Address
2202 North West Shore Boulevard, Suite 500, Tampa, FL, USA, 33607
Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.
Executives
Rohit Lal director 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Lissette R Gonzalez officer: SVP, Global Supply Chain Offic 2202 N. WEST SHORE BLVD., SUITE 500, TAMAP FL 33607
Brett A Patterson officer: SVP, Pres Outback Steakhouse 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Mark E Graff officer: SVP, Development 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Astrid Isaacs officer: SVP, Chief Technology Officer 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Elizabeth A Smith director, officer: Chairman and CEO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Gainor John P Jr director 11465 JOHNS CREEK PARKWAY, SUITE 400, JOHNS CREEK GA 30097
Julie T. Kunkel director 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
David J. Deno officer: Executive Vice President & CFO 111 4TH AVENUE NORTH #503, MINNEAPOLIS MN 55402
Suzann Trevisan officer: Chief Human Resources Officer 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Melanie Marein-efron director C/O URBAN OUTFITTERS, INC., 5000 SOUTH BROAD STREET, PHILADELPHIA PA 19112
Philip J Pace officer: SVP, Chief Accounting Officer 2202 N. WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Kelly Lefferts officer: EVP, Chief Legal Officer 2202 N. WEST SHORE BLVD SUITE 500, TAMPA FL 33607
Gregg Scarlett officer: EVP & Pres. Bonefish Grill 2202 NORTH WEST SHORE BOULEVARD, TAMPA FL 33607
Lawrence V Jackson director C/O ASSURANT, INC., 28 LIBERTY ST., 41 F, NEW YORK NY 10005

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