Austal (ASX:ASB) Effective Interest Rate on Debt % : 5.53% (As of Dec. 2023)

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What is Austal 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. Austal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$13 Mil. Austal's average total debt for the quarter that ended in Dec. 2023 was A$237 Mil. Therefore, Austal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.53%.

Austal Effective Interest Rate on Debt % Historical Data

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

Austal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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4.61

4.74

4.08

3.82

5.25

Austal Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.31	3.93	4.93	5.57	5.53

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

For the Aerospace & Defense subindustry, Austal'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.

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

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

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

Austal Effective Interest Rate on Debt % Calculation

Austal's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -12.456	/	( (234.119	+	240.457)	/ 2 )
=	-1 * -12.456	/	237.288
=	5.25 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	229.921	+	4.198
=	234.119

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	235.475	+	4.982
=	240.457

Austal'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -13.13	/	( (240.457	+	234.109)	/ 2 )
=	-1 * -13.13	/	237.283
=	5.53 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	235.475	+	4.982
=	240.457

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	229.716	+	4.393
=	234.109

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Austal (ASX:ASB) Effective Interest Rate on Debt % Explanation

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

Austal Effective Interest Rate on Debt % Related Terms

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Austal (ASX:ASB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Austal Ltd (ASX:ASB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AUTLF:USA LX6:Germany

Address

100 Clarence Beach Road, Henderson, Perth, WA, AUS, 6166

Website

https://www.austal.com

Austal Ltd is engaged in designing, constructing, and supporting revolutionary defense and commercial vessels in Australia, the United States, and the Philippines. Its segments are USA Shipbuilding; USA Support; Australasia Shipbuilding and Australasia Support. The company designs, constructs, and supports passenger ferries, vehicle passenger ferries, and offshore and windfarm vessels; naval vessels; naval surface warfare combatants; and patrol boats for government law enforcement and border protection agencies.