Meggitt (Meggitt) Effective Interest Rate on Debt % : 3.28% (As of Jun. 2022)

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What is Meggitt 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. Meggitt's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $41 Mil. Meggitt's average total debt for the quarter that ended in Jun. 2022 was $1,255 Mil. Therefore, Meggitt's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 3.28%.

Meggitt Effective Interest Rate on Debt % Historical Data

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

Meggitt Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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3.68

3.25

3.52

3.66

3.22

Meggitt Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.35	3.18	3.24	3.20	3.28

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

For the Aerospace & Defense subindustry, Meggitt'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.

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

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

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

Meggitt Effective Interest Rate on Debt % Calculation

Meggitt's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -41.356	/	( (1279.032	+	1290.292)	/ 2 )
=	-1 * -41.356	/	1284.662
=	3.22 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1245.161	+	33.871
=	1279.032

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1129.521	+	160.771
=	1290.292

Meggitt's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * -41.134	/	( (1290.292	+	1220.074)	/ 2 )
=	-1 * -41.134	/	1255.183
=	3.28 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1129.521	+	160.771
=	1290.292

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1179.187	+	40.887
=	1220.074

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 two times the semi-annual (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Meggitt (OTCPK:MEGGY) Effective Interest Rate on Debt % Explanation

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

Meggitt Effective Interest Rate on Debt % Related Terms

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Meggitt (Meggitt) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Meggitt PLC (OTCPK:MEGGY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Ansty Business Park, Pilot Way, Coventry, GBR, CV7 9JU

Website

https://www.meggitt.com

Meggitt designs and manufactures high performance components and sub-systems for the aerospace, defense, and energy markets. Key products include aircraft wheels and brakes, fire and safety systems, sensors, fuel systems, and polymer seals. Of the EUR 1.9 billion group revenue reported in 2020, 43% is derived from civil aerospace markets, 46% from defense, and 11% from energy markets. The company commands a leading share within many of its product categories and enjoys a high level of sole-source positions on long-term civil and military programs. Activities are evenly split between production of original equipment and aftermarket services.

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By Holmes Osborne, CFA Holmes Osborne, CFA • 08-17-2016