G-III Apparel Group (G-III Apparel Group) Effective Interest Rate on Debt % : 4.09% (As of Jan. 2024)

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What is G-III Apparel Group 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. G-III Apparel Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $28 Mil. G-III Apparel Group's average total debt for the quarter that ended in Jan. 2024 was $677 Mil. Therefore, G-III Apparel Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 4.09%.

G-III Apparel Group Effective Interest Rate on Debt % Historical Data

The historical data trend for G-III Apparel Group'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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G-III Apparel Group Effective Interest Rate on Debt % Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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8.10

7.06

6.98

7.15

5.18

G-III Apparel Group 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															6.34	5.81	5.03	6.23	4.09

Competitive Comparison of G-III Apparel Group's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, G-III Apparel Group'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.

G-III Apparel Group's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, G-III Apparel Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where G-III Apparel Group's Effective Interest Rate on Debt % falls into.

G-III Apparel Group Effective Interest Rate on Debt % Calculation

G-III Apparel Group'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 * -39.595	/	( (877.249	+	652.667)	/ 2 )
=	-1 * -39.595	/	764.958
=	5.18 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	688.814	+	188.435
=	877.249

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	581.054	+	71.613
=	652.667

G-III Apparel Group'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 * -27.716	/	( (701.364	+	652.667)	/ 2 )
=	-1 * -27.716	/	677.0155
=	4.09 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	586.368	+	114.996
=	701.364

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	581.054	+	71.613
=	652.667

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.

G-III Apparel Group (NAS:GIII) Effective Interest Rate on Debt % Explanation

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

G-III Apparel Group Effective Interest Rate on Debt % Related Terms

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G-III Apparel Group (G-III Apparel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (NAS:GIII) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GI4:Germany

Address

512 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.g-iii.com

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.

Executives

Neal Nackman	officer: Chief Financial Officer/Treas	C/O G-III APPAREL GROUP LTD, 512 SEVENTH AVENUE, NEW YORK NY 10019
Laura H Pomerantz	director
Alan Feller	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Sammy Aaron	director, officer: Vice Chairman	C/O GIII APPAREL GROUP, 512 SEVENTH AVENUE, NEW YORK NY 10019
Andrew Yaeger	director	512 SEVENTH AVE., NEW YORK NY 10018
Joyce F Brown	director	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Michael A Shaffer	director	C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Morris Goldfarb	director, 10 percent owner, officer: Chief Executive Officer	C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Amigo Victor Herrero	director	C/O CHW ACQUISITION CORPORATION, 2 MANHATTANVILLE ROAD, SUITE 403, PURCHASE NY 10577
Jeffrey David Goldfarb	director, other: Dir. of Business Develop.	G-III APPAREL, 512 SEVENTH AVENUE, NEW YORK NY 10018
Patti H Ongman	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Lisa W Wardell	director	5900 RYLAND DRIVE, BETHESDA MD 20817
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Wayne S Miller	officer: Chief Operating Officer	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Robert L Johnson	director	C/O RLJ COMPANIES, 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814