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Carrols Restaurant Group (Carrols Restaurant Group) Effective Interest Rate on Debt % : 1.91% (As of Dec. 2023)


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What is Carrols Restaurant Group 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. Carrols Restaurant Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $24 Mil. Carrols Restaurant Group's average total debt for the quarter that ended in Dec. 2023 was $1,260 Mil. Therefore, Carrols Restaurant Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.91%.


Carrols Restaurant Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Carrols Restaurant Group'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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Carrols Restaurant Group Effective Interest Rate on Debt % Chart

Carrols Restaurant Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.50 2.06 2.17 2.34 2.28

Carrols Restaurant Group 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 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 2.39 2.53 2.37 2.23 1.91

Competitive Comparison of Carrols Restaurant Group's Effective Interest Rate on Debt %

For the Restaurants subindustry, Carrols Restaurant Group'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.


Carrols Restaurant Group's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Carrols Restaurant Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Carrols Restaurant Group Effective Interest Rate on Debt % Calculation

Carrols Restaurant Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -29.112/( (1312.149+1236.511)/ 2 )
=-1  *  -29.112/1274.33
=2.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1257.4 + 54.749
=1312.149

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1179.928 + 56.583
=1236.511

Carrols Restaurant Group'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  *  -24.092/( (1283.401+1236.511)/ 2 )
=-1  *  -24.092/1259.956
=1.91 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1227.354 + 56.047
=1283.401

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1179.928 + 56.583
=1236.511

* 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.


Carrols Restaurant Group  (NAS:TAST) Effective Interest Rate on Debt % Explanation

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


Carrols Restaurant Group Effective Interest Rate on Debt % Related Terms

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Carrols Restaurant Group (Carrols Restaurant Group) Business Description

Traded in Other Exchanges
Address
968 James Street, Syracuse, NY, USA, 13203
Carrols Restaurant Group Inc is a restaurant company. It owns and operates Burger King restaurants in the Northeastern, Midwestern, and Southeastern United States. The Burger King restaurants are quick-service restaurants featuring hamburgers and other sandwiches.
Executives
Anthony E Hull officer: VP, CFO, Treasurer 175 PARK AVENUE, MADISON NJ 07940
Gretta Miles officer: VP, Controller, Asst Treasurer 968 JAMES STREET, SYRACUSE NY 13203
Ahmad Filsoof officer: VP, Strategic Initiatives 968 JAMES STREET, SYRACUSE NY 13203
Cambridge Franchise Partners, Llc 10 percent owner 853 BROADWAY, NEW YORK NY 10003
Richard G Cross officer: VP, Real Estate 968 JAMES STREET, SYRACUSE NY 13203
Gary Mcquillan officer: VP, Strategic Procurement 968 JAMES STREET, SYRACUSE NY 13203
Joseph W Hoffman officer: Chief Restaurant Officer 968 JAMES STREET, SYRACUSE NY 13203
Paulo A Pena officer: President and CEO 968 JAMES STREET, SYRACUSE NY 13203
John Davis Smith director 968 JAMES STREET, SYRACUSE NY 13203
Jared L. Landaw officer: VP, GC, Secretary 101 WEST 79TH STREET - 12B, NEW YORK NY 10024
Nathan Mucher officer: VP, Chief Information Officer 968 JAMES STREET, SYRACUSE NY 13203
Thomas Benjamin Curtis director 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Matthew Terker Perelman director, 10 percent owner 853 BROADWAY, SUITE 2014, NEW YORK NY 10003
Carl S Hauch officer: VP and COO ADVANCE AUTO PARTS, INC, 5008 AIRPORT RD, ROANOKE VA 24012
David Harris director 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017