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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. EMCOR Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $50 Mil. EMCOR Group's average total debt for the quarter that ended in Dec. 2023 was $387 Mil. Therefore, EMCOR Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.99%.
The historical data trend for EMCOR Group'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.
EMCOR Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 3.19 | 1.63 | 1.13 | 2.45 | 3.93 |
EMCOR Group 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 | 4.46 | 1.25 | 1.78 | 0.07 | 12.99 |
For the Engineering & Construction subindustry, EMCOR Group'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 Construction industry and Industrials sector, EMCOR Group's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where EMCOR Group's Effective Interest Rate on Debt % falls into.
EMCOR Group'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 * -17.199 | / | ( (535.174 | + | 339.969) | / 2 ) |
= | -1 * -17.199 | / | 437.5715 | |||
= | 3.93 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 452.389 | + | 82.785 |
= | 535.174 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 262.268 | + | 77.701 |
= | 339.969 |
EMCOR Group'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 * -50.34 | / | ( (434.996 | + | 339.969) | / 2 ) |
= | -1 * -50.34 | / | 387.4825 | |||
= | 12.99 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 353.786 | + | 81.21 |
= | 434.996 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 262.268 | + | 77.701 |
= | 339.969 |
* 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.
EMCOR Group (NYSE:EME) 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 EMCOR Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
R Kevin Matz | officer: SVP, Admin & Strategic Service | 301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851 |
Anthony Guzzi | officer: President & COO | 301 MERRITT SEVEN, 6TH FLOOR, NORWALK CT 06851 |
Mark A Pompa | officer: SVP, CAO & Treasurer | 301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851 |
Maxine Lum Mauricio | officer: SVP and General Counsel | 301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851 |
Jason R Nalbandian | officer: SVP & Chief Accounting Officer | 301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851 |
Rebecca A Weyenberg | director | 1725 SHEPHERD RD, CHATTANOOGA TN 37421 |
Carol P Lowe | director | 4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104 |
M Kevin Mcevoy | director | C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011 |
William P Reid | director | 301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851 |
Hamm Richard F Jr | director | 6370 OXBOW BEND, CHANHASSEN MN 55317 |
Ronald L Johnson | director | 3344 PEACHTREE STREET NE, #3403, ATLANTA GA 30326 |
John W Altmeyer | director | 946 HIGHMEADOW COURT, LANCASTER PA 17601 |
Brown David A B | director | |
Robin A Walker-lee | director | C/O TRW AUTOMOTIVE, 12001 TECH CENTER DRIVE, LIVONIA MI 48150 |
Jerry E Ryan | director | 3201 EAST 65TH, TULSA OK 74136 |
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