What is The Cato 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. The Cato's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.1 Mil. The Cato's average total debt for the quarter that ended in Jan. 2024 was $137.8 Mil. Therefore, The Cato's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.10%.
The Cato Effective Interest Rate on Debt % Historical Data
The historical data trend for The Cato'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.
Competitive Comparison of The Cato's Effective Interest Rate on Debt %
For the Apparel Retail subindustry, The Cato'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.
The Cato's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Cato's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where The Cato's Effective Interest Rate on Debt % falls into.
The Cato Effective Interest Rate on Debt % Calculation
The Cato's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as
* 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 (Jan. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
The Cato (NYSE:CATO) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
The Cato Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of The Cato's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Cato Corp operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. Its primary objective is to be the fashion specialty retailer for fashion and value in its markets. The company operates through the following business segments: Retail and Credit. The Retail segment which generates majority revenue offers fashion specialty stores. The Credit segment involves credit card services.
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