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U-Haul Holding Co (U-Haul Holding Co) Effective Interest Rate on Debt % : 4.14% (As of Dec. 2023)


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What is U-Haul Holding Co 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. U-Haul Holding Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $268 Mil. U-Haul Holding Co's average total debt for the quarter that ended in Dec. 2023 was $6,484 Mil. Therefore, U-Haul Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.14%.


U-Haul Holding Co Effective Interest Rate on Debt % Historical Data

The historical data trend for U-Haul Holding Co'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.

U-Haul Holding Co Effective Interest Rate on Debt % Chart

U-Haul Holding Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.36 2.99 2.71 2.49 3.26

U-Haul Holding Co 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 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 3.26 3.51 3.86 3.99 4.14

Competitive Comparison of U-Haul Holding Co's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, U-Haul Holding Co'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.


U-Haul Holding Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, U-Haul Holding Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where U-Haul Holding Co's Effective Interest Rate on Debt % falls into.



U-Haul Holding Co Effective Interest Rate on Debt % Calculation

U-Haul Holding Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -217.745/( (7191.694+6166.415)/ 2 )
=-1  *  -217.745/6679.0545
=3.26 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6096.694 + 1095
=7191.694

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6166.415 + 0
=6166.415

U-Haul Holding Co'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  *  -268.22/( (6465.479+6501.851)/ 2 )
=-1  *  -268.22/6483.665
=4.14 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6465.479 + 0
=6465.479

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6501.851 + 0
=6501.851

* 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.


U-Haul Holding Co  (NYSE:UHAL) Effective Interest Rate on Debt % Explanation

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


U-Haul Holding Co Effective Interest Rate on Debt % Related Terms

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U-Haul Holding Co (U-Haul Holding Co) Business Description

Industry
Traded in Other Exchanges
Address
5555 Kietzke Lane, Suite 100, Reno, NV, USA, 89511
U-Haul Holding Co is an American moving truck, trailer, and self-storage rental company. The company also provides moving boxes, packing supplies, LPG (propane) refills, trailer hitch and wiring installation, storage container rentals, and other services. It has three reportable segments Moving and Storage, Property and Casualty Insurance, and Life Insurance. The majority of its revenue comes from the Moving and Storage segment.
Executives
Clarendon Strategies, Llc 10 percent owner 207 EAST CLARENDON AVENUE, PHOENIX AZ 85012
Edward J Shoen director, 10 percent owner, officer: President 2727 N CENTRAL AVE, PHOENIX AZ 85004
Mark V Shoen 10 percent owner 2727 N CENTRAL AVE, PHOENIX AZ 85004
Willow Grove Holdings Lp 10 percent owner 1250 E. MISSOURI AVE, PHOENIX AZ 85014
Foster Road Llc 10 percent owner 1250 E. MISSOURI AVE, PHOENIX AZ 85014
Karl A. Schmidt director 600 HERITAGE RD., DE PERE WI 54115
John P. Brogan director 2727 N CENTRAL AVE, PHOENIX AZ 85004
Carrie Martz other: Advisory Board Member 21335 N. 74TH WAY, SCOTTSDALE AZ 85225
De Respino Laurence J other: General Counsel 2721 N. CENTRAL, 11TH FLOOR, SOUTH TOWER, PHOENIX AZ 85004
Maria Lourdes Bell officer: Chief Accounting Officer 2727 N. CENTRAL AVE, PHOENIX AZ 85004
Matthew Braccia officer: Pres-Amerco Real Estate Co. 2727 N. CENTRAL AVE., PHOENIX AZ 85004
Thomas W Hayes other: Ind. Gov Committee Member C/O FREMONT GENERAL CORP, 2020 SANTA MONICA BLVD #600, SANTA MONICA CA 90404
Carlos Vizcarra officer: Pres-Amerco Real Estate Co 2727 N CENTRAL AVE, PHOENIX AZ 85004
Richard Jay Herrera director 21 BRILLIANT SKY DRIVE, SANTE FE NM 87508
David L Holmes 10 percent owner, other: Trustee 4040 S. WESTPOINT DR., RENO NV 89509