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MTS Systems (MTS Systems) Effective Interest Rate on Debt % : 5.83% (As of Dec. 2020)


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What is MTS Systems 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. MTS Systems's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was $33.9 Mil. MTS Systems's average total debt for the quarter that ended in Dec. 2020 was $580.8 Mil. Therefore, MTS Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 5.83%.


MTS Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for MTS Systems'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.

MTS Systems Effective Interest Rate on Debt % Chart

MTS Systems Annual Data
Trend Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.49 6.68 6.12 7.01 6.19

MTS Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 6.28 6.21 5.92 5.42 5.83

Competitive Comparison of MTS Systems's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, MTS Systems'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.


MTS Systems's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MTS Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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



MTS Systems Effective Interest Rate on Debt % Calculation

MTS Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2019 )+Total Debt  (A: Sep. 2020 ))/ count )
=-1  *  -33.97/( (512.617+584.573)/ 2 )
=-1  *  -33.97/548.595
=6.19 %

where

Total Debt  (A: Sep. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=484.648 + 27.969
=512.617

Total Debt  (A: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=541.73 + 42.843
=584.573

MTS Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2020 )+Total Debt  (Q: Dec. 2020 ))/ count )
=-1  *  -33.868/( (584.573+577.085)/ 2 )
=-1  *  -33.868/580.829
=5.83 %

where

Total Debt  (Q: Sep. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=541.73 + 42.843
=584.573

Total Debt  (Q: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=541.228 + 35.857
=577.085

* 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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


MTS Systems  (NAS:MTSC) Effective Interest Rate on Debt % Explanation

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


MTS Systems Effective Interest Rate on Debt % Related Terms

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MTS Systems (MTS Systems) Business Description

Industry
Traded in Other Exchanges
N/A
Address
14000 Technology Drive, Eden Prairie, MN, USA, 55344
MTS Systems Corp is a supplier of test systems and position sensors. Its operations are organized and managed in two business segments; the Test and Simulation segment and the Sensors segment. Test and Simulation segment (Test) provides testing solutions including hardware, software, and services which are used by customers in product development to characterize the product's mechanical properties. Sensors segment (Sensors) is an in sensing technologies and solutions used by design engineers and predictive maintenance professionals, serving customers with a focus on total customer satisfaction, and offering regional support to provide and reliable sensing solutions.
Executives
Randy J Martinez director, Interim CEO HLH BUILDING, 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Todd Klemmensen officer: SVP, GC and Corp. Sec. 14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344-2290
Steven B Harrison officer: EVP & Pres. Test & Simulation 14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
Brian T Ross officer: EVP & CFO 14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
Jeffrey A Graves director, officer: President and CEO C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422
David Hore officer: EVP & Pres. Sensors 14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
David J Anderson director 402 FARRINGTON DRIVE, LINCOLNSHIRE IL 60069
Linda Zukauckas director 200 VESEY STREET, NEW YORK NY 10285
Chun Hung Yu director 14000 TECHNOLOGY DR EDEN PRAIRIE MN 55344
David D Johnson director C/O MOLEX, INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Nancy A. Altobello director 520 MADISON AVENUE, NEW YORK NY 10022
Michael V Schrock director 5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
William C Becker officer: SVP Test & Simulation Comm Ops 14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
Gail P Steinel director 909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Maximiliane C Straub director 14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344