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Iron Mountain (Iron Mountain) Effective Interest Rate on Debt % : 4.54% (As of Dec. 2023)


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What is Iron Mountain 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. Iron Mountain's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $657 Mil. Iron Mountain's average total debt for the quarter that ended in Dec. 2023 was $14,461 Mil. Therefore, Iron Mountain's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.54%.


Iron Mountain Effective Interest Rate on Debt % Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Effective Interest Rate on Debt % Chart

Iron Mountain 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 4.54 3.95 3.75 3.97 4.26

Iron Mountain 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 4.46 4.10 4.23 4.38 4.54

Competitive Comparison of Iron Mountain's Effective Interest Rate on Debt %

For the REIT - Specialty subindustry, Iron Mountain'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.


Iron Mountain's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Iron Mountain's Effective Interest Rate on Debt % distribution charts can be found below:

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



Iron Mountain Effective Interest Rate on Debt % Calculation

Iron Mountain'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  *  -598.403/( (13286.9+14787.359)/ 2 )
=-1  *  -598.403/14037.1295
=4.26 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12910.616 + 376.284
=13286.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14374.894 + 412.465
=14787.359

Iron Mountain'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  *  -657.02/( (14135.436+14787.359)/ 2 )
=-1  *  -657.02/14461.3975
=4.54 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14027.452 + 107.984
=14135.436

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14374.894 + 412.465
=14787.359

* 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.


Iron Mountain  (NYSE:IRM) Effective Interest Rate on Debt % Explanation

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


Iron Mountain Effective Interest Rate on Debt % Related Terms

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Iron Mountain (Iron Mountain) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (NYSE:IRM) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801
Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.
Executives
William L Meaney director, officer: President and CEO C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deborah Marson officer: EVP, General Counsel, Sec. C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Robin Matlock director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Mark Kidd officer: SVP, GM Data Centers C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Wing Cheung Hwang officer: EVP&GM, Data Centers C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801
John Tomovcsik officer: EVP, G. Mgr., Rec. & Inf. Mgmt C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Edward Baker-greene officer: EVP, CHRO 601 MERRITT 7, NORWALK CT 06851
Wendy J. Murdock director 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Samuels Theodore R. Ii director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Barry Hytinen officer: EVP & CFO 1000 TEMPUR WAY, LEXINGTON KY 40502
Daniel Borges officer: VP & Chief Accounting Officer C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Walter C Rakowich director 14100 E 35TH PL, AURORA CO 80011
Jennifer Allerton director C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Greg W Mcintosh officer: EVP, Strategic Accounts C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deirdre Evens officer: EVP and Chief of Operations 10 STILLMEADOW WAY, FRAMINGHAM MA 01702