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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 Oct. 2023 was $0.0 Mil. The Cato's average total debt for the quarter that ended in Oct. 2023 was $130.2 Mil. Therefore, The Cato's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 0.00%.
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.
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.
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's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Jan. 2022 ) | + | Total Debt (A: Jan. 2023 )) | / count ) |
= | -1 * -0.087 | / | ( (184.329 | + | 174.767) | / 2 ) |
= | -1 * -0.087 | / | 179.548 | |||
= | 0.05 % |
where
Total Debt (A: Jan. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 117.521 | + | 66.808 |
= | 184.329 |
Total Debt (A: Jan. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 107.407 | + | 67.36 |
= | 174.767 |
The Cato's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Jul. 2023 ) | + | Total Debt (Q: Oct. 2023 )) | / count ) |
= | -1 * 0 | / | ( (137.821 | + | 122.574) | / 2 ) |
= | -1 * 0 | / | 130.1975 | |||
= | 0.00 % |
where
Total Debt (Q: Jul. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 105.39 | + | 32.431 |
= | 137.821 |
Total Debt (Q: Oct. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 71.143 | + | 51.431 |
= | 122.574 |
* 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 (Oct. 2023) 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.
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.
Bailey W Patrick | director | |
Cato John P D | director, officer: CHAIRMAN/PRESIDENT/CEO | CATO CORP, PO BOX 34216, CHARLOTTE NC 28234 |
Audrey Schwarz | officer: Vice President, DMM | PO BOX 34216, CHARLOTTE NC 28234 |
Charles D Knight | officer: EVP - Chief Financial Officer | TOYS R US, INC., ONE GEOFFREY WAY, WAYNE NJ 07470-2030 |
Hang Matchett | officer: SVP-Mdse Plan, Alloc&Ctrl, MIO | PO BOX 34216, CHARLOTTE NC 28234 |
Karen Anne Collins | officer: SVP-Tsry,Tax,Fin Pln,Tax,Cr,IR | PO BOX 34216, CHARLOTTE NC 28234 |
Theresa J Drew | director | ONE NORTH SECOND STREET, HARTSVILLE SC 29550 |
Daniel Harding Stowe | director | CATO CORP, PO BOX 34216, CHARLOTTE NC 28234-4216 |
Abby Shearer | officer: SVP, General Merchandise Mgr | PO BOX 34216, CHARLOTTE NC 28234 |
Lewis Pamela S Dr | director | QUEENS UNIVERSITY OF CHARLOTTE, 1900 SELWYN AVENUE, CHARLOTTE NC 28274 |
Scott Gurvis | officer: SVP,Treasury, Fin Plan, Credit | PO BOX 34216, CHARLOTTE NC 28234 |
Weisiger, Jr Edward I | director | PO BOX 34216, CHARLOTTE NC 28234 |
Vickie Smith | officer: SVP, MERCH PLNG, ALLOC & CNTL | C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021 |
Lisa Krows | officer: SVP, DESIGN, TREND & COLOR | PO BOX 34216, CHARLOTTE NC 28234 |
Cathy Bailey | officer: SVP, GMM (CATO DIV) | PO BOX 34216, CHARLOTTE NC 28234 |
From GuruFocus
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