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The Aarons Co (The Aarons Co) Effective Interest Rate on Debt % : 2.19% (As of Dec. 2023)


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What is The Aarons Co 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. The Aarons Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $15 Mil. The Aarons Co's average total debt for the quarter that ended in Dec. 2023 was $691 Mil. Therefore, The Aarons Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.19%.


The Aarons Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The Aarons Co'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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The Aarons Co Effective Interest Rate on Debt % Chart

The Aarons Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.08 2.09 0.49 1.87 2.16

The Aarons Co Quarterly Data
Dec17 Dec18 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 2.07 2.39 2.22 2.01 2.19

Competitive Comparison of The Aarons Co's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, The Aarons Co'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.


The Aarons Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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



The Aarons Co Effective Interest Rate on Debt % Calculation

The Aarons Co'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  *  -15.512/( (738.814+696.655)/ 2 )
=-1  *  -15.512/717.7345
=2.16 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=715.364 + 23.45
=738.814

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=690.267 + 6.388
=696.655

The Aarons Co'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  *  -15.152/( (684.524+696.655)/ 2 )
=-1  *  -15.152/690.5895
=2.19 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=684.524 + 0
=684.524

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=690.267 + 6.388
=696.655

* 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.


The Aarons Co  (NYSE:AAN) Effective Interest Rate on Debt % Explanation

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


The Aarons Co Effective Interest Rate on Debt % Related Terms

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The Aarons Co (The Aarons Co) Business Description

Industry
Traded in Other Exchanges
N/A
Address
400 Galleria Parkway SE, Suite 300, Atlanta, GA, USA, 30339-3182
The Aarons Co Inc is a specialty retailer which has developed a unique lease-to-own model. It serves the customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories at the best deal with the highest quality products. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population. The Company conducts its operations through two primary operating business segments: Aaron's Business and BrandsMart.
Executives
Rachel G George officer: EVP, Gen Counsel/Corp Sec 400 GALLERIA PKWY SE, SUITE 300, ATLANTA GA 30339
Stephen W Olsen officer: President 400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Douglas A Lindsay director, officer: Chief Executive Officer 309 E. PACES FERRY ROAD, ATLANTA GA 30305
Wangdali Bacdayan director 400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Douglass L Noe officer: VP, Corporate Controller 400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Kristine Kay Malkoski director 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Russell Falkenstein officer: EVP, COO, Lease-to-Own 400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
John W Robinson director 309 E PACES FERRY RD, SUITE 1100, ATLANTA GA 30505
Harris Hubert L. Jr. director 309 E. PACES FERRY ROAD, ATLANTA GA 30305
Marvonia P Moore director 400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Kelly Hefner Barrett director 4630 WYNMEADE PARK, MARIETTA GA 30067
Timothy A Johnson director
Laura N Bailey director 400 GALLERIA PARKWAY SE, SUITE 300, ATLANTA GA 30339
Sinclair Robert P Jr officer: Corporate Controller and CAO 309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Aaron's Holdings Company, Inc. 10 percent owner 256 W. DATA DRIVE, DRAPER UT 84020