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BlueLinx Holdings (BlueLinx Holdings) Effective Interest Rate on Debt % : 2.71% (As of Dec. 2023)


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What is BlueLinx Holdings 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. BlueLinx Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $17 Mil. BlueLinx Holdings's average total debt for the quarter that ended in Dec. 2023 was $616 Mil. Therefore, BlueLinx Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.71%.


BlueLinx Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for BlueLinx Holdings'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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BlueLinx Holdings Effective Interest Rate on Debt % Chart

BlueLinx Holdings 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 7.95 6.97 7.21 6.88 3.86

BlueLinx Holdings 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 6.04 5.04 4.15 3.65 2.71

Competitive Comparison of BlueLinx Holdings's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, BlueLinx Holdings'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.


BlueLinx Holdings's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, BlueLinx Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



BlueLinx Holdings Effective Interest Rate on Debt % Calculation

BlueLinx Holdings'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  *  -23.746/( (612.942+617.972)/ 2 )
=-1  *  -23.746/615.457
=3.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=598.421 + 14.521
=612.942

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=600.51 + 17.462
=617.972

BlueLinx Holdings'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  *  -16.684/( (614.608+617.972)/ 2 )
=-1  *  -16.684/616.29
=2.71 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=597.95 + 16.658
=614.608

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=600.51 + 17.462
=617.972

* 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.


BlueLinx Holdings  (NYSE:BXC) Effective Interest Rate on Debt % Explanation

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


BlueLinx Holdings Effective Interest Rate on Debt % Related Terms

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BlueLinx Holdings (BlueLinx Holdings) Business Description

Traded in Other Exchanges
Address
1950 Spectrum Circle, Suite 300, Marietta, GA, USA, 30067
BlueLinx Holdings Inc is engaged in the wholesale distribution of residential and commercial building products. Its business products are split into two categories: Structural products include items such as lumber, plywood, oriented strand board, rebar, and remesh and Specialty products include items such as engineered wood, siding, millwork, outdoor living, specialty lumber and panels, and industrial products. The company's operations are carried out throughout the United States.
Executives
Kimberly Ann Debrock officer: VP & CHIEF ACCOUNTING OFFICER 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Mitchell B Lewis director, officer: President And CEO 4300 WILDWOOD PARKWAY, ATLANTA GA 30339
Wamser R Andrew Jr officer: SVP & CHIEF FINANCIAL OFFICER C/O SCHWEITZER-MAUDUIT INTERNATIONAL, 100 NORTH POINT PARKWAY, SUITE 600, ALPHARETTA GA 30022
Anuj Dhanda director ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Keith Haas director 1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Marietta Edmunds Zakas director 1200 ABERNATHY RD, SUITE 1200, ATLANTA GA 30328
Michael Wilson officer: SENIOR VICE PRESIDENT 1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Gibson Dwight Audley Konrad director, officer: President and CEO C/O SPX FLOW, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Carol B Yancey director 2999 CIRCLE 75 PKWY, ATLANTA GA 30339
Adam Bowen officer: VP & CHIEF ACCOUNTING OFFICER 1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Kevin A Henry officer: CHIEF PEOPLE OFFICER 13024 BALLANTYNE CORPORATE PLACE, HARRIS BUILDING, SUITE 900, CHARLOTTE NC 28277
Dominic Dinapoli director 500 EAST PRATT STREET, SUITE 1400, BALTIMORE MD 21202
Sean Dwyer officer: See Remarks 1950 SPECTRUM CIRCLE, SUITE 300, MARIETTA GA 30067
Kim S Fennebresque director BLUELINX HOLDINGS INC, 4300 WILDWOOD PARKWAY, ATLANTA GA 30339
Shyam K. Reddy officer: Chief Administrative Officer 4300 WILDWOOD PARKWAY, ATLANTA GA 30339