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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. Maximus's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $86 Mil. Maximus's average total debt for the quarter that ended in Dec. 2023 was $1,454 Mil. Therefore, Maximus's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.91%.
The historical data trend for Maximus'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.
Maximus Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 58.99 | 1.84 | 1.53 | 2.86 | 5.73 |
Maximus 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 | 5.32 | 5.23 | 5.70 | 5.63 | 5.91 |
For the Specialty Business Services subindustry, Maximus'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 Business Services industry and Industrials sector, Maximus's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Maximus's Effective Interest Rate on Debt % falls into.
Maximus's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Sep. 2022 ) | + | Total Debt (A: Sep. 2023 )) | / count ) |
= | -1 * -84.138 | / | ( (1506.115 | + | 1429.212) | / 2 ) |
= | -1 * -84.138 | / | 1467.6635 | |||
= | 5.73 % |
where
Total Debt (A: Sep. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1378.658 | + | 127.457 |
= | 1506.115 |
Total Debt (A: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1292.516 | + | 136.696 |
= | 1429.212 |
Maximus'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 * -86.028 | / | ( (1429.212 | + | 1479.77) | / 2 ) |
= | -1 * -86.028 | / | 1454.491 | |||
= | 5.91 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1292.516 | + | 136.696 |
= | 1429.212 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1340.837 | + | 138.933 |
= | 1479.77 |
* 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.
Maximus (NYSE:MMS) 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 Maximus's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Teresa Weipert | officer: General Mgr US Federal Segment | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Ilene R. Baylinson | officer: Group General Manager | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Michelle F. Link | officer: Chief Human Resources Officer | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Gayathri Rajan | director | 1891 METRO CENTER DRIVE, RESTON X1 20190 |
David Mutryn | officer: Chief Financial Officer | 1891 METRO CENTER DRIVE, RESTON VA 20190 |
Theresa D Golinvaux | officer: Principal Accounting Officer | 9300 LEE HIGHWAY, FAIRFAX VA 20131 |
John Thomas Martinez | officer: Secretary and General Counsel | 1600 TYSONS BLVD, #1400, MCLEAN VA 22102 |
Michael J. Warren | director | C/O WALKER & DUNLOP, INC., 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814 |
Bruce Caswell | other: Group President - Human Svcs | 11419 SUNSET HILLS ROAD, RESTON VA 20190-5207 |
Raymond B Ruddy | director | C/O MAXIMUS INC, 11419 SUNSET HILLS ROAD, RESTON VA 20190 |
David Francis | officer: General Counsel | C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190 |
John J Haley | director | 901 N GLEBE ROAD, ARLINGTON VA 22203 |
Richard A Montoni | director, officer: CEO and Director | C/O MAXIMUS INC, 11419 SUNSET HILLS RD, RESTON VA 20190 |
Richard John Nadeau | officer: Chief Financial Officer | 1300 WILSON BLVD., SUITE 400, ARLINGTON VA 22209 |
Peter Pond | director |
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