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Triumph Group (Triumph Group) Effective Interest Rate on Debt %

: 7.88% (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. Triumph Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $130 Mil. Triumph Group's average total debt for the quarter that ended in Dec. 2023 was $1,645 Mil. Therefore, Triumph Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.88%.


Triumph Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Triumph 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.

* Premium members only.

Triumph Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.83 7.26 8.86 7.54 8.30

Triumph 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 7.69 13.13 9.13 8.60 7.88

Competitive Comparison

For the Aerospace & Defense subindustry, Triumph 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.


Triumph Group Effective Interest Rate on Debt % Distribution

For the Aerospace & Defense industry and Industrials sector, Triumph Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Triumph Group Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -137.714/( (1608.728+1709.79)/ 2 )
=-1  *  -137.714/1659.259
=8.30 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1599.142 + 9.586
=1608.728

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1703.259 + 6.531
=1709.79

Triumph 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  *  -129.676/( (1659.097+1631.152)/ 2 )
=-1  *  -129.676/1645.1245
=7.88 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1655.989 + 3.108
=1659.097

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1627.81 + 3.342
=1631.152

* 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.


Triumph Group  (NYSE:TGI) Effective Interest Rate on Debt % Explanation

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


Triumph Group Effective Interest Rate on Debt % Related Terms

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Triumph Group (Triumph Group) Business Description

Industry
Traded in Other Exchanges
Address
555 E Lancaster Avenue, Suite 400, Radnor, PA, USA, 19087
Triumph Group Inc designs and manufactures a broad portfolio of aerostructures, aircraft components, and systems for the aviation industry. It serves a worldwide customer base of players in the commercial, business, and military markets. The company operates under two operating segments: Systems and Support, which designs, develops, and supports proprietary components; and Interiors, which supplies commercial and regional manufacturers with aircraft interior systems.
Executives
Quigley Thomas A. Iii officer: Vice President and Controller C/O TRIUMPH GROUP, INC., 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Neal J Keating director C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Mather Courtney director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Patrick E Allen director 400 COLLINS ROAD NE, CEDAR RAPIDS IA 52498
Daniel J Crowley director, officer: President & CEO 870 WINTER STREET, WALTHAM MA 02451
Cynthia M Egnotovich director
Kai W Kasiguran officer: VP, Controller and PAO 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Richard A Goglia director 870 WINTER STREET, WALTHAM MA 02451
Wick Peter K. A. officer: EVP, Aerospace Structures 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Barbara Humpton director 899 CASSATT ROAD, SUITE 210, BERWYN PA 19312
Repplier Colleen C director 1205 KIMBALL BLVD., JASPER IN 47546
William L Mansfield director 2301 INDUSTRIAL DR., NEENAH WI 54956
Adam Joseph Palmer director 1001 PENNSYLVANIA AVENUE, NW, SUITE 220 S, WASHINGTON DC 20004
Paul Bourgon director 1550 LIBERTY RIDGE DRIVE, SUITE 100, WAYNE PA 19464
Daniel P Garton director 4333 AMON CARTER BLVD, FORT WORTH TX 76155