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Lockheed Martin (Lockheed Martin) Effective Interest Rate on Debt % : 5.53% (As of Mar. 2024)


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What is Lockheed Martin 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. Lockheed Martin's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,020 Mil. Lockheed Martin's average total debt for the quarter that ended in Mar. 2024 was $18,439 Mil. Therefore, Lockheed Martin's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.53%.


Lockheed Martin Effective Interest Rate on Debt % Historical Data

The historical data trend for Lockheed Martin'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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Lockheed Martin Effective Interest Rate on Debt % Chart

Lockheed Martin 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 4.88 4.76 4.77 4.58 5.55

Lockheed Martin 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 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 5.19 5.38 5.43 5.83 5.53

Competitive Comparison of Lockheed Martin's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Lockheed Martin'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.


Lockheed Martin's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lockheed Martin Effective Interest Rate on Debt % Calculation

Lockheed Martin'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  *  -916/( (15547+17459)/ 2 )
=-1  *  -916/16503
=5.55 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15429 + 118
=15547

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17291 + 168
=17459

Lockheed Martin'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  *  -1020/( (17459+19418)/ 2 )
=-1  *  -1020/18438.5
=5.53 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17291 + 168
=17459

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19250 + 168
=19418

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


Lockheed Martin  (NYSE:LMT) Effective Interest Rate on Debt % Explanation

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


Lockheed Martin Effective Interest Rate on Debt % Related Terms

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Lockheed Martin (Lockheed Martin) Business Description

Address
6801 Rockledge Drive, Bethesda, MD, USA, 20817
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
Executives
John Donovan director 208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
Stephanie C. Hill officer: Executive Vice President 55 WATER STREET, NEW YORK NY 10041
Timothy S Cahill officer: Executive Vice President 6802 ROCKLEDGE DRIVE, BETHESDA MD 20817
St John Frank A officer: Executive Vice President 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Gregory M Ulmer officer: Acting Executive Vice Pres. 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Vincent R. Stewart director C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Paul Harry Edward Iii officer: Vice President & Controller 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Evan T Scott officer: Vice President & Treasurer 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
John W Mollard officer: Vice President & Treasurer 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Brian P Colan officer: VP & Controller 6801 ROCKLEDGE DR, BETHESDA MD 20817
Maryanne Lavan officer: SVP & General Counsel 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Jesus Jr Malave officer: Chief Financial Officer L3HARRIS TECHNOLOGIES INC, 1025 WEST NASA BOULEVARD, MELBOURNE FL 32919
Lightfoot Robert M Jr officer: Executive Vice President 6801 ROCKLEDGE DR, BETHESDA MD 20817
Patricia E Yarrington director 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Kenneth R Possenriede officer: Vice President & Treasurer 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817