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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. Methode Electronics's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $20 Mil. Methode Electronics's average total debt for the quarter that ended in Jan. 2024 was $359 Mil. Therefore, Methode Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 5.58%.
The historical data trend for Methode Electronics'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.
Methode Electronics Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.74 | 3.01 | 1.62 | 1.41 | 0.95 |
Methode Electronics Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 1.39 | 1.98 | 3.18 | 4.84 | 5.58 |
For the Electronic Components subindustry, Methode Electronics'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.
For the Hardware industry and Technology sector, Methode Electronics's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Methode Electronics's Effective Interest Rate on Debt % falls into.
Methode Electronics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Apr. 2022 ) | + | Total Debt (A: Apr. 2023 )) | / count ) |
= | -1 * -2.7 | / | ( (231.3 | + | 335.4) | / 2 ) |
= | -1 * -2.7 | / | 283.35 | |||
= | 0.95 % |
where
Total Debt (A: Apr. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 212.3 | + | 19 |
= | 231.3 |
Total Debt (A: Apr. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 325.4 | + | 10 |
= | 335.4 |
Methode Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Oct. 2023 ) | + | Total Debt (Q: Jan. 2024 )) | / count ) |
= | -1 * -20 | / | ( (359.5 | + | 357.5) | / 2 ) |
= | -1 * -20 | / | 358.5 | |||
= | 5.58 % |
where
Total Debt (Q: Oct. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 349.9 | + | 9.6 |
= | 359.5 |
Total Debt (Q: Jan. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 351 | + | 6.5 |
= | 357.5 |
* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Methode Electronics (NYSE:MEI) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Methode Electronics's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Donald W Duda | officer: President | |
Walter J Aspatore | director | 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009 |
Lawrence B Skatoff | director | 200 SOUTH MICHIGAN AVE, CHICAGO IL 60604 |
Brian J Cadwallader | director | 5757 N GREEN BAY AVE, MILWAUKEE WI 53209 |
Darren Dawson | director | C/O METHODE ELECTRONICS, INC., 7401 WEST WILSON AVENUE, CHICAGO IL 60706 |
Joseph Elias Khoury | officer: Vice President | 7401 W. WILSON AVENUE, HARWOOD HEIGHTS IL 60706 |
Kerry A. Vyverberg | officer: General Counsel | 8750 W. BRYN MAWR AVE., SUITE 1000, CHICAGO IL 60631 |
Timothy Glandon | officer: VP&GM NA Automotive | 7401 W. WILSON AVENUE, CHICAGO IL 60706 |
Janie Goddard | director | C/O ACON - 1133 CONNECTICUT AVENUE, NW, SUITE 700, WASHINGTON DC 20036 |
Tsoumas Ronald L.g. | officer: Controller & Treasurer | 7401 W. WILSON AVE., CHICAGO IL 60706 |
Anil Shetty | officer: VP Methode & Pres. Dabir Surf. | 7401 WEST WILSON AVENUE, CHICAGO IL 60706 |
Kevin Michael Martin | officer: Vice President, North America | 8750 WEST BRYN MAWR AVENUE, SUITE 1000, CHICAGO IL 60631 |
Mary A Lindsey | director | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Therese M Bobek | director | 685 SKYE LN, INVERNESS IL 60010 |
David P Blom | director | 200 OLD WILSON BRIDGE RD, COLUMBUS OH 43085 |
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