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FactSet Research Systems (FactSet Research Systems) Effective Interest Rate on Debt % : 3.82% (As of Feb. 2024)


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What is FactSet Research Systems 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. FactSet Research Systems's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $66 Mil. FactSet Research Systems's average total debt for the quarter that ended in Feb. 2024 was $1,738 Mil. Therefore, FactSet Research Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 3.82%.


FactSet Research Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for FactSet Research Systems'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.

* Premium members only.

FactSet Research Systems Effective Interest Rate on Debt % Chart

FactSet Research Systems Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 1.36 0.94 2.31 3.27

FactSet Research Systems Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 3.31 3.38 3.57 3.71 3.82

Competitive Comparison of FactSet Research Systems's Effective Interest Rate on Debt %

For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.


FactSet Research Systems's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, FactSet Research Systems's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where FactSet Research Systems's Effective Interest Rate on Debt % falls into.



FactSet Research Systems Effective Interest Rate on Debt % Calculation

FactSet Research Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -66.319/( (2220.231+1839.921)/ 2 )
=-1  *  -66.319/2030.076
=3.27 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2191.046 + 29.185
=2220.231

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1811.082 + 28.839
=1839.921

FactSet Research Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -66.396/( (1772.615+1704.212)/ 2 )
=-1  *  -66.396/1738.4135
=3.82 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1743.781 + 28.834
=1772.615

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1675.247 + 28.965
=1704.212

* 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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


FactSet Research Systems  (NYSE:FDS) Effective Interest Rate on Debt % Explanation

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


FactSet Research Systems Effective Interest Rate on Debt % Related Terms

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FactSet Research Systems (FactSet Research Systems) Business Description

Traded in Other Exchanges
Address
45 Glover Avenue, 7th Floor, Norwalk, CT, USA, 06850
FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.
Executives
Frederick Philip Snow director, officer: Chief Executive Officer 45 GLOVER AVENUE, NORWALK CT 06850
Laurie Siegel director C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036
Katherine M Stepp officer: Chief Technology Officer (CTO) FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Rachel Rebecca Stern officer: EVP, Chief Legal Officer 45 GLOVER AVENUE, NORWALK CT 06850
Robert J. Robie officer: EVP, Head of Trading&Analytics 45 GLOVER AVENUE, NORWALK CT 06850
Christopher R Ellis officer: EVP, Initiatives & P'ships FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Malcolm Frank director FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Goran Skoko officer: EVP, Wealth Solutions 45 GLOVER AVENUE, NORWALK CT 06850
Kristina W Karnovsky officer: EVP, Chief Product Officer 45 GLOVER AVENUE, NORWALK CT 06850
John Costigan officer: Chief Content Officer FACTSET RESEARCH SYSTEMS, 45 GLOVER AVENUE, NORWALK CT 06850
Catrina Harding officer: Chief People Officer FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Jonathan Reeve officer: EVP, Senior Head of CTS 601 MAIN AVENUE, NORWALK CT 06851
Shlomo Elisha Wiesel director FACTSET RESEARCH SYSTEMS INC., 45 GLOVER AVENUE, NORWALK CT 06850
Sheila B Jordan director 601 MERRITT 7, NORWALK CT 06851
Joseph Zimmel director 601 MERRITT 7, NORWALK CT 06851