GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lindsay Corp (NYSE:LNN) » Definitions » Effective Interest Rate on Debt %
中文

Lindsay (Lindsay) Effective Interest Rate on Debt % : 2.44% (As of Feb. 2024)


View and export this data going back to 1990. Start your Free Trial

What is Lindsay 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. Lindsay's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $3.3 Mil. Lindsay's average total debt for the quarter that ended in Feb. 2024 was $136.1 Mil. Therefore, Lindsay's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 2.44%.


Lindsay Effective Interest Rate on Debt % Historical Data

The historical data trend for Lindsay'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.

Lindsay Effective Interest Rate on Debt % Chart

Lindsay Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.10 3.62 3.34 3.09 2.76

Lindsay Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 3.02 2.77 2.62 2.57 2.44

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

For the Farm & Heavy Construction Machinery subindustry, Lindsay'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.


Lindsay's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lindsay's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lindsay Effective Interest Rate on Debt % Calculation

Lindsay's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -3.788/( (138.532+136.107)/ 2 )
=-1  *  -3.788/137.3195
=2.76 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=135.151 + 3.381
=138.532

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.853 + 3.254
=136.107

Lindsay's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -3.32/( (136.53+135.654)/ 2 )
=-1  *  -3.32/136.092
=2.44 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.866 + 3.664
=136.53

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.011 + 3.643
=135.654

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


Lindsay  (NYSE:LNN) Effective Interest Rate on Debt % Explanation

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


Lindsay Effective Interest Rate on Debt % Related Terms

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


Lindsay (Lindsay) Business Description

Traded in Other Exchanges
Address
18135 Burke Street, Suite 100, Omaha, NE, USA, 68022
Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.
Executives
Si Pablo Di director 18135 BURKE ST., SUITE 100, OMAHA NE 68022
James Scott Marion officer: President - Infrastructure Div 2222 NORTH 111TH ST, OMAHA NE 68164
Michael Nahl director 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Ibrahim Gokcen director 18135 BURKE ST., SUITE 100, OMAHA NE 68022
Michael Christodolou director 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Gustavo E Oberto officer: President - Irrigation 18135 BURKE ST., SUITE 100, OMAHA NE 68022
Michael D Walter director ONE CONAGRA DRIVE, OMAHA NE 68102
Randy A Wood officer: Pres - Agricultural Irrigation 2222 N 111TH STREET, OMAHA NE 68164
Mary A Lindsey director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Bill Welsh director 2707 N 108TH STREET 102, C/O LINDSAY INTERNATIONAL, OMAHA NE 68164
Madere Consuelo E. director 800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
David B Downing officer: Vice President & CFO 2707 N. 108TH ST., SUITE 102, OMAHA NE 68164
Timothy L Hassinger director, officer: President and CEO 2222 NORTH 111TH ST, OMAHA NE 68164
Rick Parod officer: President & CEO 2707 N 108TH STREET STE102, OMAHA NE 68164
Brian L Ketcham officer: Vice President and CFO 2222 N 111TH STREET, OMAHA NE 68164

Lindsay (Lindsay) Headlines