Eagle Materials (STU:E5M) Effective Interest Rate on Debt % : 3.75% (As of Mar. 2024)

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What is Eagle Materials 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. Eagle Materials's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €38 Mil. Eagle Materials's average total debt for the quarter that ended in Mar. 2024 was €1,002 Mil. Therefore, Eagle Materials's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.75%.

Eagle Materials Effective Interest Rate on Debt % Historical Data

The historical data trend for Eagle Materials'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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Eagle Materials Effective Interest Rate on Debt % Chart

Eagle Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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3.36

3.19

3.18

3.44

3.84

Eagle Materials 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															3.77	4.27	3.64	3.73	3.75

Competitive Comparison of Eagle Materials's Effective Interest Rate on Debt %

For the Building Materials subindustry, Eagle Materials'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.

Eagle Materials's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Eagle Materials's Effective Interest Rate on Debt % distribution charts can be found below:

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

Eagle Materials Effective Interest Rate on Debt % Calculation

Eagle Materials's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -39.836	/	( (1046.062	+	1030.616)	/ 2 )
=	-1 * -39.836	/	1038.339
=	3.84 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1031.11	+	14.952
=	1046.062

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1014.149	+	16.467
=	1030.616

Eagle Materials'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 * -37.56	/	( (973.289	+	1030.616)	/ 2 )
=	-1 * -37.56	/	1001.9525
=	3.75 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	956.584	+	16.705
=	973.289

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1014.149	+	16.467
=	1030.616

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.

Eagle Materials (STU:E5M) Effective Interest Rate on Debt % Explanation

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

Eagle Materials Effective Interest Rate on Debt % Related Terms

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Eagle Materials (STU:E5M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Eagle Materials Inc (STU:E5M) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EXP:USA EXP:Mexico E5M:Germany

Address

5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225

Website

http://www.eaglematerials.com

Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.

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