Mohawk Industries (LTS:0K2F) Effective Interest Rate on Debt % : 2.25% (As of Dec. 2023)

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What is Mohawk Industries 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. Mohawk Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $70 Mil. Mohawk Industries's average total debt for the quarter that ended in Dec. 2023 was $3,085 Mil. Therefore, Mohawk Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.25%.

Mohawk Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Mohawk Industries'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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Mohawk Industries Effective Interest Rate on Debt % Chart

Mohawk Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.34

1.76

1.98

1.75

2.43

Mohawk Industries 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															1.89	1.97	2.54	2.48	2.25

Competitive Comparison of Mohawk Industries's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Mohawk Industries'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.

Mohawk Industries's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Mohawk Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mohawk Industries Effective Interest Rate on Debt % Calculation

Mohawk Industries'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 * -77.514	/	( (3220.536	+	3149.866)	/ 2 )
=	-1 * -77.514	/	3185.201
=	2.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2274.699	+	945.837
=	3220.536

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2039.291	+	1110.575
=	3149.866

Mohawk Industries'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 * -69.504	/	( (3019.649	+	3149.866)	/ 2 )
=	-1 * -69.504	/	3084.7575
=	2.25 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1990.574	+	1029.075
=	3019.649

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2039.291	+	1110.575
=	3149.866

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.

Mohawk Industries (LTS:0K2F) Effective Interest Rate on Debt % Explanation

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

Mohawk Industries Effective Interest Rate on Debt % Related Terms

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Mohawk Industries (LTS:0K2F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Mohawk Industries Inc (LTS:0K2F) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MHK:USA M1HK34:Brazil

Address

160 South Industrial Boulevard, Calhoun, GA, USA, 30701

Website

https://www.mohawkind.com

Mohawk Industries Inc manufactures a wide range of flooring products, including carpets, rugs, ceramic tile, laminate, wood, luxury vinyl tile, and vinyl flooring. Its operating segments include Global Ceramic, Flooring NA, and Flooring ROW. The company generates maximum revenue from the Global Ceramic segment. Geographically, it derives a majority of its revenue from the United States.

Mohawk Industries (LTS:0K2F) Headlines

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