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CSS Industries (CSS Industries) Effective Interest Rate on Debt % : 3.54% (As of Dec. 2019)


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What is CSS Industries 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. CSS Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2019 was $3.2 Mil. CSS Industries's average total debt for the quarter that ended in Dec. 2019 was $90.2 Mil. Therefore, CSS Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 was 3.54%.


CSS Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for CSS Industries'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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CSS Industries Effective Interest Rate on Debt % Chart

CSS Industries Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 4.29 3.31 9.52

CSS Industries Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 5.20 15.95 6.27 3.06 3.54

Competitive Comparison of CSS Industries's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, CSS Industries'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.


CSS Industries's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, CSS Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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



CSS Industries Effective Interest Rate on Debt % Calculation

CSS Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2018 )+Total Debt  (A: Mar. 2019 ))/ count )
=-1  *  -3.184/( (40.456+26.468)/ 2 )
=-1  *  -3.184/33.462
=9.52 %

where

Total Debt  (A: Mar. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=40.228 + 0.228
=40.456

Total Debt  (A: Mar. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.013 + 26.455
=26.468

CSS Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2019 )+Total Debt  (Q: Dec. 2019 ))/ count )
=-1  *  -3.192/( (96.609+83.719)/ 2 )
=-1  *  -3.192/90.164
=3.54 %

where

Total Debt  (Q: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.885 + 57.724
=96.609

Total Debt  (Q: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.696 + 46.023
=83.719

* 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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


CSS Industries  (NYSE:CSS) Effective Interest Rate on Debt % Explanation

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


CSS Industries Effective Interest Rate on Debt % Related Terms

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CSS Industries (CSS Industries) Business Description

Traded in Other Exchanges
N/A
Address
450 Plymouth Road, Suite 300, Plymouth Meeting, PA, USA, 19462
CSS Industries Inc is a consumer products company. It is focused on the seasonal, gift and craft categories. The company engages in the creative development, manufacture, procurement, distribution, and sale of products with an omni-channel approach focused primarily on mass market retailers.
Executives
Philip R Broenniman director C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Robert E Chappell director C/O GLATFELTER, 96 S GEORGE ST STE 420, YORK PA 17401
Keith W Pfeil officer: Exec. VP and CFO GLOBUS MEDICAL, INC., 2560 GENERAL ARMISTEAD AVENUE, AUDUBON PA 19403
Steven W Eck officer: VP - Finance and Accounting C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
Scott A Beaumont director C/O CSS INDUSTRIES, INC., 450 PLYMOUTH ROAD, SUITE 300, PLYMOUTH MEETING PA 19462
John J Gavin director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084
James E Ksansnak director ARAMARK CORPORATION, 1101 MARKET STREET, PHILADELPHIA PA 19107