Cavco Industries (Cavco Industries) Effective Interest Rate on Debt % : 10.56% (As of Dec. 2023)

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What is Cavco 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. Cavco Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3 Mil. Cavco Industries's average total debt for the quarter that ended in Dec. 2023 was $32 Mil. Therefore, Cavco Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.56%.

Cavco Industries Effective Interest Rate on Debt % Historical Data

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

Cavco Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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7.16

4.91

2.88

3.56

5.11

Cavco Industries 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															6.82	6.91	4.86	3.91	10.56

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

For the Residential Construction subindustry, Cavco 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.

Cavco Industries's Effective Interest Rate on Debt % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cavco Industries Effective Interest Rate on Debt % Calculation

Cavco Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.91	/	( (13.942	+	21.678)	/ 2 )
=	-1 * -0.91	/	17.81
=	5.11 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.158	+	0.784
=	13.942

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.678	+	0
=	21.678

Cavco Industries'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 * -3.368	/	( (30.529	+	33.285)	/ 2 )
=	-1 * -3.368	/	31.907
=	10.56 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.529	+	0
=	30.529

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.285	+	0
=	33.285

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.

Cavco Industries (NAS:CVCO) Effective Interest Rate on Debt % Explanation

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

Cavco Industries Effective Interest Rate on Debt % Related Terms

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Cavco Industries (Cavco Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Cavco Industries Inc (NAS:CVCO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

MHO DFH TPH CCS GRBK LGIH SKY MDC KBH HOV DHI LEN PHM NVR TSE:1928 TOL IBP LSE:BKG MTH TSE:1911

Traded in Other Exchanges

N/A

Address

3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012

Website

https://www.cavco.com

Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations and financial services, which includes manufactured housing consumer finance and insurance. Cavco received most of its revenues from the Factory-built housing segment.

Executives

Steven K. Like	officer: Senior Vice President	1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004
Steven G Bunger	director
Jack S Brandom	officer: President, Financial Services	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Gavin Ryan	officer: See remarks	3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
David A. Greenblatt	director	4218 BEECHWOOD LANE, DALLAS TX 75220-1908
Rogers Colleen J	officer: SVP, Marketing and Comm.	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Allison Aden	officer: EVP and CFO	C/O PROFIT RECOVERY GROUP INTERNATIONAL, 2300 WINDY RIDGE PARKWAY SUITE 100, ATLANTA GA 30339
Matthew A Nino	officer: President, Retail	C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Brian R Cira	officer: President,Manufactured Housing	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Anthony Crutcher	officer: Chief Information Officer	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Paul Bigbee	officer: Chief Accounting Officer	C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012
Steven W Moster	director	7000 E. 1ST AVE., SCOTTSDALE AZ 85251
Simone Reynolds	officer: Sr. VP & CHRO	C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Julia Sze	director	C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012
Lyle D Zeller	officer: See Remarks	3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012