Helios Technologies (Helios Technologies) Effective Interest Rate on Debt % : 6.46% (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is Helios Technologies 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. Helios Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $34.4 Mil. Helios Technologies's average total debt for the quarter that ended in Dec. 2023 was $532.6 Mil. Therefore, Helios Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.46%.

Helios Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Helios Technologies'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.

Helios Technologies Effective Interest Rate on Debt % Chart

Helios Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.71

3.49

3.73

3.76

6.46

Helios Technologies 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															4.43	5.12	5.81	6.37	6.46

Competitive Comparison of Helios Technologies's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Helios Technologies'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.

Helios Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Helios Technologies Effective Interest Rate on Debt % Calculation

Helios Technologies'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 * -31.2	/	( (444.5	+	521.3)	/ 2 )
=	-1 * -31.2	/	482.9
=	6.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	425.5	+	19
=	444.5

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	498.1	+	23.2
=	521.3

Helios Technologies'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 * -34.4	/	( (543.9	+	521.3)	/ 2 )
=	-1 * -34.4	/	532.6
=	6.46 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	522.1	+	21.8
=	543.9

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	498.1	+	23.2
=	521.3

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.

Helios Technologies (NYSE:HLIO) Effective Interest Rate on Debt % Explanation

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

Helios Technologies Effective Interest Rate on Debt % Related Terms

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

Helios Technologies (Helios Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Helios Technologies Inc (NYSE:HLIO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SH7:Germany

Address

7456 16th Street E, Sarasota, FL, USA, 34243

Website

https://www.heliostechnologies.com

Helios Technologies Inc is a United States-based industrial technology company that develops, manufactures, and markets solutions for the hydraulics and electronics markets. It operates under two business segments: Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic cartridge valves, hydraulic quick release couplings as well as engineers complete hydraulic systems. The Electronics segment designs and manufactures customized electronic controls systems and displays for a variety of end markets including industrial and mobile, recreational and health and wellness.

Executives

Sean Bagan	officer: Chief Financial Officer	C/O HELIOS TECHNOLOGIES, INC., 7456 16TH STREET EAST, SARASOTA FL 34243
Philippe Lemaitre	director	7456 16TH STREET EAST, SARASOTA FL 34243
Frederick Joseph Martich	officer: Pres. of Hydraulics, Americas	C/O HELIOS TECHNOLOGIES, INC., 7456 16TH ST E, SARASOTA FL 34243
Lee Francis Wichlacz	officer: President, Electronics	C/O HELIOS TECHNOLOGIES, INC., 7456 16TH ST E, SARASOTA FL 34243
Diana Sacchi	director	2227 WELBILT BLVD, NEW PORT RICHEY FL 34655
Marc A Greenberg	officer: General Counsel and Secretary	7456 16TH STREET EAST, SARASOTA FL 34243
Melanie M Nealis	officer: Chief Legal & Compliance Offic	7456 16TH STREET EAST, SARASOTA FL 34243
Marc Bertoneche	director	7456 16TH STREET EAST, SARASOTA FL 33316
Tricia L Fulton	officer: Chief Financial Officer	7456 16TH STREET EAST, SARASOTA FL 34243
Matteo Arduini	officer: Officer	7456 16TH STREET EAST, SARASOTA FL 34243
Jason Lemar Morgan	officer: President, CVT	1500 WEST UNIVERSITY PKWY, SARASOTA FL 34243
Josef Matosevic	officer: President and CEO	1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Cary Chenanda	director	7456 16TH STREET EAST, SARASOTA FL 34243
Gregory C Yadley	director	101 E. KENNEDY BLVD., SUITE 2800, TAMPA FL 33602
Alexander Schuetz	director	7456 16TH STREET EAST, SARASOTA FL 34243