Viad (VVI) Effective Interest Rate on Debt %

: 7.45% (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. Viad's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $44 Mil. Viad's average total debt for the quarter that ended in Dec. 2023 was $585 Mil. Therefore, Viad's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.45%.

Viad Effective Interest Rate on Debt % Historical Data

The historical data trend for Viad'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.

Viad Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.20

4.34

6.00

6.07

8.27

Viad 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 %																7.51	8.40	8.42	8.42	7.45

Competitive Comparison

For the Specialty Business Services subindustry, Viad'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.

Viad Effective Interest Rate on Debt % Distribution

For the Business Services industry and Industrials sector, Viad's Effective Interest Rate on Debt % distribution charts can be found below:

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

Viad Effective Interest Rate on Debt % Calculation

Viad'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 * -47.978	/	( (584.704	+	576.118)	/ 2 )
=	-1 * -47.978	/	580.411
=	8.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	558.049	+	26.655
=	584.704

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	550.413	+	25.705
=	576.118

Viad'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 * -43.588	/	( (593.293	+	576.118)	/ 2 )
=	-1 * -43.588	/	584.7055
=	7.45 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	570.248	+	23.045
=	593.293

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	550.413	+	25.705
=	576.118

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.

Viad (NYSE:VVI) Effective Interest Rate on Debt % Explanation

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

Viad Effective Interest Rate on Debt % Related Terms

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Viad (VVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Viad Corp (NYSE:VVI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7000 East 1st Avenue, Scottsdale, AZ, USA, 85251-4304

Website

https://www.viad.com

Viad Corp is a marketing company engaged in providing extraordinary experiences, including hospitality and leisure activities, experiential marketing, and live events. It has three segments; Pursuit includes a collection of inspiring and unforgettable travel experiences that includes recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services, Spiro includes a marketing agency that partners with brands around the world to manage and elevate their experiential marketing activities, and GES Exhibitions is an exhibition services company that partners with exhibition and conference organizers as a full-service provider of strategic and logistics solutions to manage the complexity of their shows.

Executives

Jonathan A. Massimino	officer: General Counsel & Corporate Se	C/O VIAD CORP, 7000 EAST 1ST AVENUE, SCOTTSDALE AZ 85251
Joshua Schechter	director	C/O THE PANTRY, INC., 305 GREGSON DRIVE, CARY NC 27511
Lavalley Sung-chul Patrick Thomas	director	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Jeffrey A. Stelmach	officer: President, Brand Experience	7000 E. 1ST AVENUE, SCOTTSDALE AZ 85251
Steven W Moster	director, officer: President & Chief Executive Of	7000 E. 1ST AVE., SCOTTSDALE AZ 85251
Beverly K Carmichael	director	305 HARTMANN DRIVE, LEBANON TN 37087
Ellen M Ingersoll	officer: Chief Financial Offi, cer	7000 E. 1ST AVENUE, SCOTTSDALE AZ 85251
Andrew B Benett	director	1850 N CENTRAL AVENUE, SUITE 1900, PHOENIX AZ 85004-4565
David W Barry	officer: President - Pursuit	7000 E. 1ST AVENUE, SCOTTSDALE AZ 85251
Leslie S Striedel	officer: Chief Accounting Officer	7000 E. 1ST AVENUE, SCOTTSDALE AZ 85251
Crestview Advisors, L.l.c.	director, 10 percent owner	590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Crestview Partners Iv Gp, L.p.	director, 10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Crestview Iv Vc Te Holdings, Llc	director, 10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Crestview Iv Vc Holdings, L.p.	director, 10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022
Crestview Iv Vc Ci Holdings, L.p.	director, 10 percent owner	C/O CRESTVIEW PARTNERS, 590 MADISON AVENUE, 42ND FLOOR, NEW YORK NY 10022