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MillerKnoll (MillerKnoll) Effective Interest Rate on Debt % : 4.19% (As of Feb. 2024)


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What is MillerKnoll 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. MillerKnoll's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $74 Mil. MillerKnoll's average total debt for the quarter that ended in Feb. 2024 was $1,756 Mil. Therefore, MillerKnoll's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.19%.


MillerKnoll Effective Interest Rate on Debt % Historical Data

The historical data trend for MillerKnoll'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.

MillerKnoll Effective Interest Rate on Debt % Chart

MillerKnoll Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.32 2.37 2.12 3.11 3.94

MillerKnoll 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 4.00 4.23 4.20 4.47 4.19

Competitive Comparison of MillerKnoll's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, MillerKnoll'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.


MillerKnoll's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MillerKnoll's Effective Interest Rate on Debt % distribution charts can be found below:

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



MillerKnoll Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -74/( (1886.6+1869.3)/ 2 )
=-1  *  -74/1877.95
=3.94 %

where

Total Debt  (A: May. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1777.4 + 109.2
=1886.6

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1758.8 + 110.5
=1869.3

MillerKnoll'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  *  -73.6/( (1753.8+1757.6)/ 2 )
=-1  *  -73.6/1755.7
=4.19 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1638.9 + 114.9
=1753.8

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1645.6 + 112
=1757.6

* 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.


MillerKnoll  (NAS:MLKN) Effective Interest Rate on Debt % Explanation

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


MillerKnoll Effective Interest Rate on Debt % Related Terms

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MillerKnoll (MillerKnoll) Business Description

Traded in Other Exchanges
Address
855 East Main Avenue, P.O. Box 302, Zeeland, MI, USA, 49464
MillerKnoll Inc, formerly Herman Miller Inc researches, designs, manufactures, sells, and distributes interior furnishings across the globe. The Company has three reportable segments: Americas Contract , International Contract & Specialty International & Specialty and Global Retail. The company's products are sold through a variety of sources, including owned and independent contract furniture dealers, direct customer sales, owned and independent retailers, direct-mail catalogs, and the company's online stores. The independent retailer division generates the majority of the firm's overall sales.
Executives
Jeffrey M Stutz officer: TreasVPInvst Relatn 855 EAST MAIN, ZEELAND MI 49464
Mike C. Smith director STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael A Volkema director
Michael R Smith director 18 LOVETON CIRCLE, SPARKS MD 21152
Lisa A Kro director 3700 WELLS FARGO CENTER, 90 SOUTH 7TH STREET, MINNEAPOLIS MN 55402
Megan Lyon other: Chief Strategy Officer 855 EAST MAIN, ZEELAND MI 49464
Andi Owen officer: President & CEO 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Richard Scott other: Chief Mfg and Ops Officer 855 EAST MAIN, ZEELAND MI 49464
Bruce Benedict Watson other: Executive Creative Director 855 EAST MAIN, ZEELAND MI 49464
Kartik Shethia other: President - Intl Contract 855 EAST MAIN AVE, ZEELAND MI 49464
Jeffrey L. Kurburski other: VP Information Tech 855 EAST MAIN, ZEELAND MI 49464
Christopher M Baldwin other: Group President, MillerKnoll C/O KNOLL INC, 1235 WATER STREET, EAST GREENVILLE PA 18041
Jennifer K. Nicol other: Chief People Officer 855 EAST MAIN AVE, ZEELAND MI 49464
John P Michael officer: President, N America Contract 855 EAST MAIN, ZEELAND MI 49464
Debbie F Propst officer: President - HM Consumer 855 EAST MAIN, ZEELAND MI 49464