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Movado Group (Movado Group) Effective Interest Rate on Debt % : 0.59% (As of Jan. 2024)


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What is Movado Group 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. Movado Group's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.5 Mil. Movado Group's average total debt for the quarter that ended in Jan. 2024 was $92.5 Mil. Therefore, Movado Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.59%.


Movado Group Effective Interest Rate on Debt % Historical Data

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

Movado Group Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 1.54 0.76 0.63 0.55

Movado Group Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.76 0.52 0.55 0.62 0.59

Competitive Comparison of Movado Group's Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Movado Group'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.


Movado Group's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Movado Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Movado Group Effective Interest Rate on Debt % Calculation

Movado Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2023 )+Total Debt  (A: Jan. 2024 ))/ count )
=-1  *  -0.497/( (88.591+92.092)/ 2 )
=-1  *  -0.497/90.3415
=0.55 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=70.91 + 17.681
=88.591

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=76.396 + 15.696
=92.092

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -0.544/( (92.814+92.092)/ 2 )
=-1  *  -0.544/92.453
=0.59 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=76.929 + 15.885
=92.814

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=76.396 + 15.696
=92.092

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


Movado Group  (NYSE:MOV) Effective Interest Rate on Debt % Explanation

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


Movado Group Effective Interest Rate on Debt % Related Terms

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Movado Group (Movado Group) Business Description

Traded in Other Exchanges
Address
650 From Road, Suite 375, Paramus, NJ, USA, 07652-3556
Movado Group Inc designs, develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. It generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives the majority of revenue from its international location.
Executives
Sallie A Demarsilis officer: Chief Financial Officer 142 WEST 57TH ST, NEW YORK NY 10019
Linda Feeney officer: SVP, Principal Acct. Officer 650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Michelle Kennedy officer: SVP, Human Resources 650 FROM ROAD, STE. 375, PARAMUS NJ 07652
Vivian Delia officer: SENIOR VP HUMAN RESOURCES C/O MOVADO GROUP INC., 650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Ann Kirschner director 650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Richard D Isserman director C/O MOVADO GROUP, INC., 650 FROM ROAD, PARAMUS NJ 07652
Maya Peterson director C/O MOVADO GROUP INC., 650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Efraim Grinberg director, 10 percent owner, officer: President - CEO C/O MOVADO GROUP INC, 650 FROM RD, PARAMUS NJ 07652
Alexander Grinberg 10 percent owner 125 CHUBB AVE, LYNDHURST NJ 07071
Behzad Soltani officer: EVP,Commercial President & CTO 650 FROM ROAD, STE 375, PARAMUS NJ 07652-3556
Alan H Howard director
Sussis Mitchell Cole officer: Senior VP and General Counsel 6 YORKSHIRE DRIVE, MENDHAM NJ 07945
Stephen I Sadove director
Maurice S Reznik director C/O MAIDENFORM BRANDS, INC., 154 AVENUE E, BAYONNE NJ 07002
Richard Cote director, officer: Executive V.P. - COO