GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Franklin Electric Co Inc (NAS:FELE) » Definitions » Effective Interest Rate on Debt %

Franklin Electric Co (Franklin Electric Co) Effective Interest Rate on Debt % : 3.64% (As of Dec. 2023)


View and export this data going back to 1990. Start your Free Trial

What is Franklin Electric Co 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. Franklin Electric Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $6 Mil. Franklin Electric Co's average total debt for the quarter that ended in Dec. 2023 was $163 Mil. Therefore, Franklin Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.64%.


Franklin Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Franklin Electric Co'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.

* Premium members only.

Franklin Electric Co Effective Interest Rate on Debt % Chart

Franklin Electric Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.72 3.44 2.86 4.60 5.60

Franklin Electric Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.55 4.31 5.47 5.18 3.64

Competitive Comparison of Franklin Electric Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Franklin Electric Co'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.


Franklin Electric Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Franklin Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Franklin Electric Co Effective Interest Rate on Debt % Calculation

Franklin Electric Co'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  *  -11.79/( (264.844+156.276)/ 2 )
=-1  *  -11.79/210.56
=5.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=122.129 + 142.715
=264.844

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.605 + 29.671
=156.276

Franklin Electric Co'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  *  -5.924/( (169.575+156.276)/ 2 )
=-1  *  -5.924/162.9255
=3.64 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=115.913 + 53.662
=169.575

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=126.605 + 29.671
=156.276

* 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.


Franklin Electric Co  (NAS:FELE) Effective Interest Rate on Debt % Explanation

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


Franklin Electric Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Franklin Electric Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Franklin Electric Co (Franklin Electric Co) Business Description

Traded in Other Exchanges
Address
9255 Coverdale Road, Fort Wayne, IN, USA, 46809
Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
Executives
Gregg C Sengstack officer: Senior Vice President and CFO FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809
Delancey W Davis officer: Vice President, Director of Sa FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Greg Michael Levine officer: VP & President, Global Water 954 CHAPEL OAKS ROAD, FRONTENAC MO 63131
Jonathan M. Grandon officer: Chief Administrative Officer 56 EAST BELL DRIVE, P.O. BOX, WARSAW IN 46581
Donald P Kenney officer: VP and President Energy System FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Paul Chhabra officer: VP, Global Product Supply 9255 COVERDALE ROAD, FORT WAYNE IN 46809
Jeffery L Taylor officer: Vice President and CFO 1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE IN 47905
Chris Villavarayan director C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Brent L Spikes officer: VP, Global Manufacturing Ops 10330 CYGNET COVE, ROANOKE IN 46783
Kenneth Keene officer: VP, Global Supply Chain 626 MONTE VISTA DRIVE, FORT WAYNE IN 46814
John J Haines officer: Vice President and CFO FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Luxfer Holdings Plc director LUMNS LANE, MANCHESTER X0 M27 8LN
Alok Maskara director 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Jay J Walsh officer: President, Franklin Fueling 502 CABRILLO COURT, VERONA WI 53593
Julie Scheck Freigang officer: Vice President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360