The St. Joe Co (The St. Joe Co) Effective Interest Rate on Debt % : 5.39% (As of Mar. 2024)

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What is The St. Joe Co 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. The St. Joe Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $34.2 Mil. The St. Joe Co's average total debt for the quarter that ended in Mar. 2024 was $634.6 Mil. Therefore, The St. Joe Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.39%.

The St. Joe Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The St. Joe Co'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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The St. Joe Co Effective Interest Rate on Debt % Chart

The St. Joe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.76

4.46

4.29

3.80

5.11

The St. Joe Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.27	4.70	5.35	5.56	5.39

Competitive Comparison of The St. Joe Co's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, The St. Joe Co'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.

The St. Joe Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The St. Joe Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

The St. Joe Co Effective Interest Rate on Debt % Calculation

The St. Joe Co'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 * -30.618	/	( (564.695	+	632.893)	/ 2 )
=	-1 * -30.618	/	598.794
=	5.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	560.029	+	4.666
=	564.695

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	628.227	+	4.666
=	632.893

The St. Joe Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -34.212	/	( (632.893	+	636.388)	/ 2 )
=	-1 * -34.212	/	634.6405
=	5.39 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	628.227	+	4.666
=	632.893

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	631.722	+	4.666
=	636.388

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

The St. Joe Co (NYSE:JOE) Effective Interest Rate on Debt % Explanation

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

The St. Joe Co Effective Interest Rate on Debt % Related Terms

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The St. Joe Co (The St. Joe Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » The St. Joe Co (NYSE:JOE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

JOE:Germany

Address

130 Richard Jackson Boulevard, Suite 200, Panama City Beach, FL, USA, 32407

Website

https://www.joe.com

The St. Joe Co is a real estate development, asset management, and operating company and it has three operating segments; the Residential segment plans and develops residential communities and sells homesites to homebuilders or retail consumers, the Hospitality segment features a private membership club (the Watersound Club), hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets, and Commercial segment include leasing of commercial property, multi-family, senior living, self-storage, and other assets and it also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.

Executives

Fairholme Funds Inc	10 percent owner	5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
Jorge Luis Gonzalez	officer: Sr Vice President-Development	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32461
Marek Bakun	officer: Chief Financial Officer	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Elizabeth J Walters	officer: SVP, GC & Corporate Secretary	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32641
Rhea Goff	officer: SVP & Chief Admin. Officer	133 S WATERSOUND PARKWAY, WATERSOUND FL 32461
Howard S Frank	director
Kenneth Borick	officer: SVP, General Counsel	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Cesar L Alvarez	director	C/O PEDIATRIX MEDICAL GROUP, LEGAL DEPT 1301- CONCORD TERRACE, SUNRISE FL 33323
Patrick Wayne Murphy	officer: SVP, Operations	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Fairholme Capital Management Llc	10 percent owner	5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
James S Hunt	director	300 N. BEACH STREET, DAYTONA BEACH FL 32114
Susan D Mermer	officer: Chief Accounting Officer	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Vito S Portera	director	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
David Harrelson	officer: Vice President, Timberland	133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Joanne Kay Viard	officer: Chief Accounting Officer	133 S. WATERSOUND PARKWAY, WATERSOUND FL 32413