GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jason Industries Inc (GREY:JSSNP.PFD) » Definitions » Effective Interest Rate on Debt %

Jason Industries (Jason Industries) Effective Interest Rate on Debt % : 7.98% (As of Jun. 2020)


View and export this data going back to 2017. Start your Free Trial

What is Jason Industries 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. Jason Industries's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was $32.10 Mil. Jason Industries's average total debt for the quarter that ended in Jun. 2020 was $402.29 Mil. Therefore, Jason Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 7.98%.

Jason Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Jason Industries'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.

Jason Industries Effective Interest Rate on Debt % Chart

Jason Industries Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 7.46 7.43 7.97 8.39 8.25

Jason Industries Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
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 7.68 7.64 7.95 7.29 7.98

Competitive Comparison of Jason Industries's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Jason Industries'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.

Jason Industries's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jason Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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


Jason Industries Effective Interest Rate on Debt % Calculation

Jason Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2018 )+Total Debt  (A: Dec. 2019 ))/ count )
=-1  *  -32.978/( (391.788+408.161)/ 2 )
=-1  *  -32.978/399.9745
=8.25 %

where

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=386.101 + 5.687
=391.788

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=398.086 + 10.075
=408.161

Jason Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2020 )+Total Debt  (Q: Jun. 2020 ))/ count )
=-1  *  -32.1/( (410.066+394.514)/ 2 )
=-1  *  -32.1/402.29
=7.98 %

where

Total Debt  (Q: Mar. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=32.422 + 377.644
=410.066

Total Debt  (Q: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31.514 + 363
=394.514

* 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 (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Jason Industries  (GREY:JSSNP.PFD) Effective Interest Rate on Debt % Explanation

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

Jason Industries Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Jason Industries's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Jason Industries (Jason Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jason Industries Inc (GREY:JSSNP.PFD) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
CVAT RGUS IBAL EVTN AUSI CCTC BBRW TNRG JKSM HON MMM XTER:SIE GE ITW XPAR:SU OSTO:ATCO A ROP TSE:6594 EMR OHEL:KNEBV
Traded in Other Exchanges
N/A
Address
833 East Michigan Street, Suite 900, Milwaukee, WI, USA, 53202
Website
http://www.jasoninc.com
Jason Industries Inc is an industrial manufacturing company. The company's operating segment includes Industrial; Engineered Components and Fiber Solutions. It generates maximum revenue from the Industrial segment. The company serves industries such as aerospace, automotive, construction, engineering, plastic, steel, hardware, welding, shipbuilding, industrial equipment, motorcycles, and lawn and turf care. Its industrial segment's product lines are comprised of industrial brushes, polishing buffs and compounds, abrasives, and roller technology products that are used in a broad range of industrial and infrastructure applications. Geographically, it derives a majority of revenue from the United States and also has a presence in Germany; Rest of Europe; Mexico and Other Countries.