Elbit Systems (Elbit Systems) Effective Interest Rate on Debt % : -4.01% (As of Dec. 2023)

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What is Elbit Systems 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. Elbit Systems's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-62 Mil. Elbit Systems's average total debt for the quarter that ended in Dec. 2023 was $1,547 Mil. Therefore, Elbit Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -4.01%.

Elbit Systems Effective Interest Rate on Debt % Historical Data

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

Elbit Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.78

1.96

1.83

2.84

5.56

Elbit Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	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															4.24	7.40	8.85	8.95	-4.01

Competitive Comparison of Elbit Systems's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Elbit Systems'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.

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

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

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

Elbit Systems Effective Interest Rate on Debt % Calculation

Elbit Systems'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 * -76.467	/	( (1285.616	+	1466.444)	/ 2 )
=	-1 * -76.467	/	1376.03
=	5.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1024.663	+	260.953
=	1285.616

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	747.174	+	719.27
=	1466.444

Elbit Systems'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 * 62.096	/	( (1627.24	+	1466.444)	/ 2 )
=	-1 * 62.096	/	1546.842
=	-4.01 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	715.918	+	911.322
=	1627.24

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	747.174	+	719.27
=	1466.444

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.

Elbit Systems (NAS:ESLT) Effective Interest Rate on Debt % Explanation

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

Elbit Systems Effective Interest Rate on Debt % Related Terms

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Elbit Systems (Elbit Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Elbit Systems Ltd (NAS:ESLT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ESLT:Israel EB2:Germany

Address

Advanced Technology Center, P.O. Box 539, Haifa, ISR, 3100401

Website

https://www.elbitsystems.com

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.