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Genesco (Genesco) Effective Interest Rate on Debt % : 1.05% (As of Jan. 2024)


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What is Genesco 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. Genesco's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $6 Mil. Genesco's average total debt for the quarter that ended in Jan. 2024 was $587 Mil. Therefore, Genesco's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.05%.


Genesco Effective Interest Rate on Debt % Historical Data

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

Genesco Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.66 0.36 0.48 1.41

Genesco Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.86 1.07 1.44 1.33 1.05

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

For the Apparel Retail subindustry, Genesco'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.


Genesco's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Genesco's Effective Interest Rate on Debt % distribution charts can be found below:

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



Genesco Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2023 )+Total Debt  (A: Jan. 2024 ))/ count )
=-1  *  -7.777/( (580.429+522.944)/ 2 )
=-1  *  -7.777/551.6865
=1.41 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=445.971 + 134.458
=580.429

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=393.755 + 129.189
=522.944

Genesco's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -6.144/( (650.36+522.944)/ 2 )
=-1  *  -6.144/586.652
=1.05 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=515.51 + 134.85
=650.36

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=393.755 + 129.189
=522.944

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Genesco  (NYSE:GCO) Effective Interest Rate on Debt % Explanation

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


Genesco Effective Interest Rate on Debt % Related Terms

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Genesco (Genesco) Business Description

Industry
Traded in Other Exchanges
Address
535 Marriott Drive, Nashville, TN, USA, 37214
Genesco Inc sells footwear, headwear, sports apparel, and accessories. The company has four reportable segments namely Journeys Group, derives maximum revenue which comprised of Journeys, Journeys Kidz and Little Burgundy retail footwear chains, e-commerce operations, and catalog. Its Schuh Group comprised of the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations and catalog and wholesale distribution of products under the Johnston & Murphy and H.S. Trask brands. Licensed Brands, comprised of Dockers Footwear, under a license from Levi Strauss & Company.
Executives
Gregory A Sandfort director GENESCO INC., 535 MARRIOTT DRIVE, NASHVILLE TN 37214
Matthew C Diamond director
Daniel E Ewoldsen officer: Senior VP 535 MARRIOTT DRIVE, NASHVILLE TN 37214
Mimi Eckel Vaughn officer: Vice President C/O GENESCO INC, 535 MARRIOTT DRIVE, NASHVILLE TN 37214
Thomas George officer: Sr VP-Finance and Interim CFO 535 MARRIOTT DRIVE, NASHVILLE TN 37214
Matthew M Bilunas director C/O BEST BUY CO., INC., 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Carolyn Bojanowski director 79 CLYDE, SAN RAFAEL CA 94901
Kathleen Mason director GENESCO INC., 1415 MURFREESBORO ROAD, NASHVILLE TN 37217
Mary E Meixelsperger director 810 DSW DRIVE, COLUMBUS OH 43219
Angel R Martinez director C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353
Marty G Dickens director
Thurgood Jr Marshall director 3000 K STREET N W, SUITE 300, WASHINGTON DC 20007-5116
John F Lambros director 535 MARRIOTT DRIVE, NASHVILLE TN 37214
Robert J Dennis officer: Senior Vice President GENESCO INC., 1415 MURFREESBORO ROAD, NASHVILLE TN 37217
Brently G. Baxter officer: VP & Chief Accounting Officer C/O GENESCO INC., 535 MARRIOTT DRIVE, NASHVILLE TN 37214