Jack Henry & Associates (Jack Henry & Associates) Effective Interest Rate on Debt %

: 6.18% (As of Dec. 2023)

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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. Jack Henry & Associates's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $15 Mil. Jack Henry & Associates's average total debt for the quarter that ended in Dec. 2023 was $250 Mil. Therefore, Jack Henry & Associates's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.18%.

Jack Henry & Associates Effective Interest Rate on Debt % Historical Data

The historical data trend for Jack Henry & Associates'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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Jack Henry & Associates Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

213.00

2.28

2.21

7.73

Jack Henry & Associates 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 %																5.24	5.74	6.68	6.46	6.18

Competitive Comparison

For the Information Technology Services subindustry, Jack Henry & Associates'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.

Jack Henry & Associates Effective Interest Rate on Debt % Distribution

For the Software industry and Technology sector, Jack Henry & Associates's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jack Henry & Associates's Effective Interest Rate on Debt % falls into.

Jack Henry & Associates Effective Interest Rate on Debt % Calculation

Jack Henry & Associates's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -15.073	/	( (115.067	+	275)	/ 2 )
=	-1 * -15.073	/	195.0335
=	7.73 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115	+	0.067
=	115.067

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	275	+	0
=	275

Jack Henry & Associates'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 * -15.46	/	( (245	+	255)	/ 2 )
=	-1 * -15.46	/	250
=	6.18 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	245	+	0
=	245

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	255	+	0
=	255

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.

Jack Henry & Associates (NAS:JKHY) Effective Interest Rate on Debt % Explanation

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

Jack Henry & Associates Effective Interest Rate on Debt % Related Terms

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Jack Henry & Associates (Jack Henry & Associates) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Jack Henry & Associates Inc (NAS:JKHY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

JHY:Germany JHY:Germany J1KH34:Brazil

Address

663 Highway 60, P.O. Box 807, Monett, MO, USA, 65708

Website

https://www.jackhenry.com

Jack Henry is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing for U.S. banks and credit unions, with a focus on small and midsize banks. Jack Henry serves almost 1,000 banks and over 700 credit unions.

Executives

Stacey E. Zengel	officer: Vice President	PO BOX 807, 663 HWY 60, MONETT MO 65708
Thomas A Wimsett	director
Laura G. Kelly	director	PO BOX 807, 663 HIGHWAY 60, MONETT MO 65708
David B Foss	officer: PRESIDENT	PO BOX 807, 663 HWY 60, MONETT MO 65708
Mimi Carsley	officer: CFO and Treasurer	6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
Renee Ann Swearingen	officer: Sr VP & Chief Accounting Offic	PO BOX 807, 663 HWY 60, MONETT MO 65708
Gregory R. Adelson	officer: Vice President	PO BOX 807, 663 HWY 60, MONETT MO 65708
Wilson Thomas Hampton Jr.	director	PO BOX 807, 663 HWY 60, MONETT MO 65708
Curtis A Campbell	director	6333 N. STATE HWY 161, 6TH FLOOR, IRVING TX 75038
John F Prim	officer: PRESIDENT	PO BOX 807-663 HWY 60, MONETT MO 65708
Steven W. Tomson	officer: VICE PRESIDENT	PO BOX 807, 663 HWY 60, MONETT MO 65708
Kevin D Williams	officer: CHIEF FINANCIAL OFFICER	PO BOX 807-663 HWY 60, MONETT MO 65708
Mark S Forbis	officer: IMAGE DEPARTMENT MANAGER	663 HWY 60, PO BOX 807, MONETT MO 65708
Ronald L. Moses	officer: Vice President	PO BOX 807, 663 HWY 60, MONETT MO 65708
Wesley A Brown	director	PO BOX 807, 663 HWY 60, MONETT MO 65708