DXP Enterprises (FRA:DX7) Effective Interest Rate on Debt % : 10.77% (As of Mar. 2024)

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What is DXP Enterprises 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. DXP Enterprises's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €57 Mil. DXP Enterprises's average total debt for the quarter that ended in Mar. 2024 was €531 Mil. Therefore, DXP Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.77%.

DXP Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for DXP Enterprises'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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DXP Enterprises Effective Interest Rate on Debt % Chart

DXP Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.24

5.82

7.06

10.01

DXP Enterprises 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															9.74	10.07	11.00	13.04	10.77

Competitive Comparison of DXP Enterprises's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, DXP Enterprises'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.

DXP Enterprises's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, DXP Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

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

DXP Enterprises Effective Interest Rate on Debt % Calculation

DXP Enterprises'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 * -48.735	/	( (445.423	+	528.165)	/ 2 )
=	-1 * -48.735	/	486.794
=	10.01 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	424.228	+	21.195
=	445.423

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	508.965	+	19.2
=	528.165

DXP Enterprises'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 * -57.2	/	( (528.165	+	533.993)	/ 2 )
=	-1 * -57.2	/	531.079
=	10.77 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	508.965	+	19.2
=	528.165

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	514.401	+	19.592
=	533.993

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.

DXP Enterprises (FRA:DX7) Effective Interest Rate on Debt % Explanation

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

DXP Enterprises Effective Interest Rate on Debt % Related Terms

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DXP Enterprises (FRA:DX7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » DXP Enterprises Inc (FRA:DX7) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

DXPE:USA

Address

5301 Hollister, Houston, TX, USA, 77040

Website

https://www.dxpe.com

DXP Enterprises Inc is a distributor of products and services to industrial customers in the United States, Canada, Mexico, and Dubai. The company's reportable segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. It generates maximum revenue from the Service Centers segment. The company offers pumping solutions, supply chain services and maintenance, repair, operating and production services for rotating equipment, bearings and power transmissions, industrial supplies and safety products. DXP Enterprises serves the oil and gas, general manufacturing, chemical, reseller, transportation, fabrication and construction, food and beverage, aerospace mining, agriculture, power, and refining industries.

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