What is Ross Stores 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. Ross Stores's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $71 Mil. Ross Stores's average total debt for the quarter that ended in Jan. 2024 was $5,764 Mil. Therefore, Ross Stores's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.23%.
Ross Stores Effective Interest Rate on Debt % Historical Data
The historical data trend for Ross Stores'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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Ross Stores Effective Interest Rate on Debt % Chart
Competitive Comparison of Ross Stores's Effective Interest Rate on Debt %
For the Apparel Retail subindustry, Ross Stores'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.
Ross Stores's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ross Stores's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Ross Stores's Effective Interest Rate on Debt % falls into.
Ross Stores Effective Interest Rate on Debt % Calculation
Ross Stores's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as
* 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 (Jan. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Ross Stores (NAS:ROST) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Ross Stores Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Ross Stores's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are frequently filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates nearly 350 DD's Discounts chains that target lower-income shoppers.
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