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Hibbett (Hibbett) Effective Interest Rate on Debt % : 1.45% (As of Jan. 2024)


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What is Hibbett 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. Hibbett's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $6 Mil. Hibbett's average total debt for the quarter that ended in Jan. 2024 was $389 Mil. Therefore, Hibbett's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.45%.


Hibbett Effective Interest Rate on Debt % Historical Data

The historical data trend for Hibbett'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.

Hibbett Effective Interest Rate on Debt % Chart

Hibbett 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 0.69 0.22 0.12 0.51 1.63

Hibbett 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 0.78 1.42 1.85 1.07 1.45

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

For the Apparel Retail subindustry, Hibbett'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.


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

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

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



Hibbett Effective Interest Rate on Debt % Calculation

Hibbett'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  *  -5.736/( (340.633+364.354)/ 2 )
=-1  *  -5.736/352.4935
=1.63 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=230.693 + 109.94
=340.633

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=247.072 + 117.282
=364.354

Hibbett'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  *  -5.652/( (413.926+364.354)/ 2 )
=-1  *  -5.652/389.14
=1.45 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=240.857 + 173.069
=413.926

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=247.072 + 117.282
=364.354

* 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.


Hibbett  (NAS:HIBB) Effective Interest Rate on Debt % Explanation

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


Hibbett Effective Interest Rate on Debt % Related Terms

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Hibbett (Hibbett) Business Description

Industry
Traded in Other Exchanges
Address
2700 Milan Court, Birmingham, AL, USA, 35211
Hibbett Inc is engaged in the retail of sports goods. The company operates small to midsize stores and focuses its business on the South, Southwest, mid-Atlantic, and Midwest areas of the country. It offers a broad range of sporting goods, including apparel, footwear, accessories, and equipment needed for team sports, with brands such as Nike, Under Armour, Adidas, The North Face, Jordan, Costa, and others. The company consists of three kinds of stores: Hibbett Sports, the company's primary retail format stores, accounting for most of the company's total stores, City Gear, and Sports Additions, smaller-format stores primarily offering athletic footwear with a fashion-based style.
Executives
William G Quinn officer: SVP Digital Commerce 2700 MILAN COURT, BIRMINGHAM AL 35211
Ronald P Blahnik officer: SVP and CIO 2700 MILAN COURT, BIRMINGHAM AL 35211
Mark Anthony Gunn officer: SVP, CHRO 2700 MILAN COURT, BIRMINGHAM AL 35211
David Mitchell Benck officer: SVP General Counsel 2700 MILAN COURT, BIRMINGHAM AL 35211
James A Hilt director 1 EXPRESS DRIVE, COLUMBUS OH 43230
Dorlisa K Flur director POST OFFICE BOX 1017, CHARLOTTE NC 28201-1017
Pamela J Edwards director 104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ramesh Chikkala director 2700 MILAN COURT, BIRMINGHAM AL 35211
Jonalin S. Smith other: SVP Merchandising 2700 MILAN COURT, BIRMINGHAM AL 35211
Michael C. Mcabee other: SVP Supply Chain, Store Dev 2700 MILAN COURT, BIRMINGHAM AL 35211
Anthony F Crudele director TRACTOR SUPPLY COMPANY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Michael E Longo director, officer: President and CEO
Alton E Yother director
Benjamin Ashley Knighten officer: SVP Operations 2700 MILAN COURT, BIRMINGHAM AL 35211
Linda Hubbard director 2700 MILAN COURT, BIRMINGHAM AL 35211