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Masco (MAS) Effective Interest Rate on Debt %

: 2.96% (As of Dec. 2023)
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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. Masco's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $96 Mil. Masco's average total debt for the quarter that ended in Dec. 2023 was $3,239 Mil. Therefore, Masco's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.96%.


Masco Effective Interest Rate on Debt % Historical Data

The historical data trend for Masco'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.

Masco Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.34 4.84 9.04 3.27 3.19

Masco 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 % 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 Premium Member Only Premium Member Only Premium Member Only 2.95 3.17 3.25 3.18 2.96

Competitive Comparison

For the Building Products & Equipment subindustry, Masco'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.


Masco Effective Interest Rate on Debt % Distribution

For the Construction industry and Industrials sector, Masco's Effective Interest Rate on Debt % distribution charts can be found below:

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



Masco Effective Interest Rate on Debt % Calculation

Masco'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  *  -106/( (3445+3206)/ 2 )
=-1  *  -106/3325.5
=3.19 %

where

Masco'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  *  -96/( (3272+3206)/ 2 )
=-1  *  -96/3239
=2.96 %

where

* 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.


Masco  (NYSE:MAS) Effective Interest Rate on Debt % Explanation

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


Masco Effective Interest Rate on Debt % Related Terms

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Masco (MAS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masco Corp (NYSE:MAS) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
17450 College Parkway, Livonia, MI, USA, 48152
Masco manufactures a variety of home improvement and building products. The company's $5.3 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads, and other related plumbing fixtures and components. The $3.4 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands, but it also sells builder hardware and lighting products.
Executives
Kenneth G. Cole officer: VP, General Counsel and Sec. 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jai Shah officer: VP - Chief HR Officer 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Richard J. Westenberg officer: VP and CFO 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Donald R Parfet director C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Renee Straber officer: VP - Chief HR Officer 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Keith J. Allman director, officer: President and CEO 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Reddy Sandeep director C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
David A. Chaika officer: Interim CFO 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jonathon Nudi director GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
John G Sznewajs officer: VP Corp. Development&Treasurer 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Imran Ahmad officer: Group President 17450 COLLEGE PARKWAY, LIVONIA MI 48152
Turner Reginald M Jr director 500 WOODWARD AVE, SUITE 3500, DETROIT MI 48226
Stevens Charles K. Iii director 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Aine Denari director C/O BRUNSWICK CORPORATION, 26125 N. RIVERWOODS BLVD. #500, METTAWA IL 60045
Robin L Zondervan officer: VP, Controller and CAO 901 44TH STREET SE, GRAND RAPIDS MI 49508

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