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Griffon (Griffon) Effective Interest Rate on Debt % : 6.64% (As of Dec. 2023)


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What is Griffon 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. Griffon's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $109 Mil. Griffon's average total debt for the quarter that ended in Dec. 2023 was $1,638 Mil. Therefore, Griffon's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.64%.


Griffon Effective Interest Rate on Debt % Historical Data

The historical data trend for Griffon'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.

Griffon Effective Interest Rate on Debt % Chart

Griffon 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 6.14 5.76 5.26 5.70 5.94

Griffon 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 % 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 6.09 5.85 5.99 6.22 6.64

Competitive Comparison of Griffon's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Griffon'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.


Griffon's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

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

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



Griffon Effective Interest Rate on Debt % Calculation

Griffon'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  *  -101.445/( (1764.745+1649.385)/ 2 )
=-1  *  -101.445/1707.065
=5.94 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1720.412 + 44.333
=1764.745

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1607.128 + 42.257
=1649.385

Griffon'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  *  -108.748/( (1649.385+1625.927)/ 2 )
=-1  *  -108.748/1637.656
=6.64 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1607.128 + 42.257
=1649.385

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1582.578 + 43.349
=1625.927

* 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.


Griffon  (NYSE:GFF) Effective Interest Rate on Debt % Explanation

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


Griffon Effective Interest Rate on Debt % Related Terms

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Griffon (Griffon) Business Description

Industry
Traded in Other Exchanges
Address
712 Fifth Avenue, 18th Floor, New York, NY, USA, 10019
Griffon Corp manufactures and markets residential, commercial and industrial garage doors to professional installing dealers and home center retail chains. It also provides non-powered landscaping products for homeowners and professionals. Its operating segments include Consumer and Professional Products and Home and Building Products. The company generates a majority of its revenue from the Home and Building Products segment.
Executives
Voss Value-oriented Special Situations Fund, Lp director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, L.p. director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Value Master Fund, Lp director, other: See Remarks 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Travis W. Cocke director, other: See Remarks 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Advisors Gp, Llc director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Voss Capital, Llc director 3773 RICHMOND AVENUE, SUITE 500, HOUSTON TX 77046
Michelle L Taylor director 712 FIFTH AVENUE, C/O GRIFFON CORPORATION, NEW YORK NY 10019
Diao H.c. Charles director 1775 TYSONS BOULEVARD, TYSONS VA 22102
Lacy M. Johnson director 200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Louis J. Grabowsky director 6605 ABERDEEN, DALLAS TX 75230
Henry A Alpert director
Kevin F Sullivan director C/O GRIFFON CORPORATION, 712 FIFTH AVENUE, NEW YORK NY 10019
Jerome L Coben director 5482 WILSHIRE BLVD., #1579, LOS ANGELES CA 90036
Thomas Brosig director C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Seth L. Kaplan officer: Sr VP, Gen. Counsel and Secy 712 FIFTH AVENUE, 18TH FLOOR, NEW YORK NY 10019