SPX Technologies (FRA:SPW0) Effective Interest Rate on Debt % : 5.56% (As of Mar. 2024)

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What is SPX Technologies 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. SPX Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €36 Mil. SPX Technologies's average total debt for the quarter that ended in Mar. 2024 was €649 Mil. Therefore, SPX Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.56%.

SPX Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for SPX Technologies'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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SPX Technologies Effective Interest Rate on Debt % Chart

SPX Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.48

4.36

4.17

3.90

6.70

SPX Technologies 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															3.41	4.35	6.09	5.90	5.56

Competitive Comparison of SPX Technologies's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, SPX Technologies'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.

SPX Technologies's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

SPX Technologies Effective Interest Rate on Debt % Calculation

SPX Technologies'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 * -24.942	/	( (232.979	+	511.961)	/ 2 )
=	-1 * -24.942	/	372.47
=	6.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	229.392	+	3.587
=	232.979

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	479.683	+	32.278
=	511.961

SPX Technologies'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 * -36.064	/	( (511.961	+	786.048)	/ 2 )
=	-1 * -36.064	/	649.0045
=	5.56 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	479.683	+	32.278
=	511.961

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	475.272	+	310.776
=	786.048

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.

SPX Technologies (FRA:SPW0) Effective Interest Rate on Debt % Explanation

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

SPX Technologies Effective Interest Rate on Debt % Related Terms

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SPX Technologies (FRA:SPW0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SPX Technologies Inc (FRA:SPW0) » Definitions » Effective Interest Rate on Debt %

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SPXC:USA

Address

6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277

Website

https://www.spx.com

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

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