GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tetra Tech Inc (NAS:TTEK) » Definitions » Effective Interest Rate on Debt %

Tetra Tech (Tetra Tech) Effective Interest Rate on Debt % : 3.42% (As of Mar. 2024)


View and export this data going back to 1991. Start your Free Trial

What is Tetra Tech 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. Tetra Tech's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $40 Mil. Tetra Tech's average total debt for the quarter that ended in Mar. 2024 was $1,157 Mil. Therefore, Tetra Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.42%.


Tetra Tech Effective Interest Rate on Debt % Historical Data

The historical data trend for Tetra Tech'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.

Tetra Tech Effective Interest Rate on Debt % Chart

Tetra Tech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.55 3.49 2.53 2.91 6.76

Tetra Tech Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 6.07 4.84 6.74 3.42 3.42

Competitive Comparison of Tetra Tech's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Tetra Tech'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.


Tetra Tech's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tetra Tech's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tetra Tech Effective Interest Rate on Debt % Calculation

Tetra Tech'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  *  -52.435/( (462.904+1089.219)/ 2 )
=-1  *  -52.435/776.0615
=6.76 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=392.535 + 70.369
=462.904

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1024.214 + 65.005
=1089.219

Tetra Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -39.532/( (1152.947+1161.188)/ 2 )
=-1  *  -39.532/1157.0675
=3.42 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1084.856 + 68.091
=1152.947

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1090.395 + 70.793
=1161.188

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Tetra Tech  (NAS:TTEK) Effective Interest Rate on Debt % Explanation

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


Tetra Tech Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Tetra Tech's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tetra Tech (Tetra Tech) Business Description

Industry
Traded in Other Exchanges
Address
3475 East Foothill Boulevard, Pasadena, CA, USA, 91107
Tetra Tech Inc provides consulting and engineering services for environmental, infrastructure, resource management, energy, and international development markets. It specializes in providing water-related services for public and private clients. It designs infrastructure, facilities, and other structures with complex plans and resource management. Tetra Tech has two reportable segments. Its Government Services Group (GSG) reportable segment primarily includes activities with U.S. government clients (federal, state and local) and activities with development agencies worldwide. Commercial/International Services Group (CIG) reportable segment primarily includes activities with U.S. commercial clients and international clients other than development agencies.
Executives
Brian N Carter officer: SVP, CORPORATE CONTROLLER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Kirsten M Volpi director TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Dan L Batrack director, officer: CHAIRMAN AND CEO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Jill Hudkins officer: President 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Roger R Argus officer: SVP, Gov't Svcs. Group TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Preston Iii Hopson officer: SVP, GENERAL COUNSEL 3475 E FOOTHILL BLVD, PASADENA CA 91107
J Kenneth Thompson director ALASKA AIR GROUP, 19300 PACIFIC HIGHWAY SOUTH, SEATTLE WA 98188
Kimberly E Ritrievi director TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Steven M Burdick officer: EVP, CFO TETRA TECH, INC., 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Christiana Obiaya director 130 W UNION STREET, PASADENA CA 91103
J Christopher Lewis director TETRA TECH, INC, 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Prashant Gandhi director 3475 E. FOOTHILL BLVD., PASADENA CA 91107
William R Brownlie officer: SVP, CHIEF ENGINEER 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Patrick C Haden director 3475 EAST FOOTHILL BOULEVARD, PASADENA CA 91107
Brendan M. O'rourke officer: SVP, Enterprise Risk Mgmt. 3475 E FOOTHILL BLVD, PASADENA CA 91107