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ATI Physical Therapy (ATI Physical Therapy) Effective Interest Rate on Debt % : 7.90% (As of Dec. 2023)


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What is ATI Physical Therapy 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. ATI Physical Therapy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $59.8 Mil. ATI Physical Therapy's average total debt for the quarter that ended in Dec. 2023 was $756.2 Mil. Therefore, ATI Physical Therapy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.90%.


ATI Physical Therapy Effective Interest Rate on Debt % Historical Data

The historical data trend for ATI Physical Therapy'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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ATI Physical Therapy Effective Interest Rate on Debt % Chart

ATI Physical Therapy Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 6.76 5.23 5.49 7.89

ATI Physical Therapy Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 6.91 6.97 8.47 8.06 7.90

Competitive Comparison of ATI Physical Therapy's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, ATI Physical Therapy'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.


ATI Physical Therapy's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, ATI Physical Therapy's Effective Interest Rate on Debt % distribution charts can be found below:

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



ATI Physical Therapy Effective Interest Rate on Debt % Calculation

ATI Physical Therapy'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  *  -61.039/( (797.7+750.182)/ 2 )
=-1  *  -61.039/773.941
=7.89 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=750.024 + 47.676
=797.7

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=698.652 + 51.53
=750.182

ATI Physical Therapy'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -59.772/( (762.262+750.182)/ 2 )
=-1  *  -59.772/756.222
=7.90 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=709.911 + 52.351
=762.262

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=698.652 + 51.53
=750.182

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


ATI Physical Therapy  (NYSE:ATIP) Effective Interest Rate on Debt % Explanation

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


ATI Physical Therapy Effective Interest Rate on Debt % Related Terms

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ATI Physical Therapy (ATI Physical Therapy) Business Description

Traded in Other Exchanges
N/A
Address
790 Remington Boulevard, Bolingbrook, IL, USA, 60440
ATI Physical Therapy Inc is a recognized outpatient physical therapy provider in the United States specializing in outpatient rehabilitation and adjacent healthcare services. It offer a variety of services within the clinics, including physical therapy to treat spine, shoulder, knee and neck injuries or pain; work injury rehabilitation services, including work conditioning and work hardening; hand therapy; and other specialized treatment services.
Executives
Advent International Gp, Llc 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Bruce J Richards 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FL, NEW YORK NY 10036
Knighthead Capital Management, Llc 10 percent owner 280 PARK AVENUE, FLOOR 22E, NEW YORK NY 10017
Andrew Shannahan director 8501 WILLIAMS ROAD, ESTERO FL 33928
Marathon Asset Management Lp 10 percent owner ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Knighthead Master Fund Lp 10 percent owner MOURANT OZANNES CORP. SVCS. CAYMAN LTD, 94 SOLARIS AVENUE, CAMANA BAY, GRAND CAYMAN E9 KY1-1108
Marathon Stepstone Master Fund Lp 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Marathon Distressed Credit Master Fund 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Louis Hanover 10 percent owner C/O MARATHON ASSET MANAGEMENT, L.P., ONE BRYANT PARK, 38TH FLOOR, NEW YORK NY 10036
Randy Raisman director 790 REMINGTON BOULEVARD, BOLINGBROOK, IL 60440
Onex Capital Solutions Gp, Llc 10 percent owner C/O ONEX CREDIT MANAGEMENT LLC, 930 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Onex Capital Solutions Gp, Lp 10 percent owner C/O ONEX CREDIT MANAGEMENT LLC, 930 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Onex Capital Solutions Holdings, Lp 10 percent owner C/O ONEX CREDIT MANAGEMENT LLC, 930 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Khsu Spv Lp Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017
Kh Ankle Llc 10 percent owner 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017