Magellan Aerospace (Magellan Aerospace) Effective Interest Rate on Debt % : 7.55% (As of Mar. 2024)

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What is Magellan Aerospace 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. Magellan Aerospace's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $3.9 Mil. Magellan Aerospace's average total debt for the quarter that ended in Mar. 2024 was $51.3 Mil. Therefore, Magellan Aerospace's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.55%.

Magellan Aerospace Effective Interest Rate on Debt % Historical Data

The historical data trend for Magellan Aerospace'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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Magellan Aerospace Effective Interest Rate on Debt % Chart

Magellan Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.64

2.98

2.90

4.05

5.09

Magellan Aerospace 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															5.23	5.22	5.56	4.27	7.55

Competitive Comparison of Magellan Aerospace's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Magellan Aerospace'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.

Magellan Aerospace's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Effective Interest Rate on Debt % distribution charts can be found below:

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

Magellan Aerospace Effective Interest Rate on Debt % Calculation

Magellan Aerospace'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 * -2.578	/	( (46.626	+	54.75)	/ 2 )
=	-1 * -2.578	/	50.688
=	5.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.053	+	8.573
=	46.626

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.136	+	18.614
=	54.75

Magellan Aerospace'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 * -3.872	/	( (54.75	+	47.858)	/ 2 )
=	-1 * -3.872	/	51.304
=	7.55 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.136	+	18.614
=	54.75

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.608	+	13.25
=	47.858

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.

Magellan Aerospace (OTCPK:MALJF) Effective Interest Rate on Debt % Explanation

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

Magellan Aerospace Effective Interest Rate on Debt % Related Terms

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Magellan Aerospace (Magellan Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Magellan Aerospace Corp (OTCPK:MALJF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

4M7A:Germany MAL:Canada

Address

3160 Derry Road East, Mississauga, ON, CAN, L4T 1A9

Website

https://www.magellan.aero

Magellan Aerospace Corp supplies components to the aerospace industry. It has two major product groups: aerostructures and aeroengines. Its engines and parts may be applied to new aircraft, or as replacement parts to existing platforms. The company also provides aftermarket support by conducting specific repairs and other maintenance services. It serves both commercial (approximately three-fourths of total sales) and defense markets. Additionally, parts and equipment may be provided for power generation projects, but sales do not constitute a material amount. The three geographic regions to which Magellan primarily sells are Canada, the United States, and Europe.