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Uniti Group (Uniti Group) Effective Interest Rate on Debt %

: 6.75% (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. Uniti Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $382 Mil. Uniti Group's average total debt for the quarter that ended in Dec. 2023 was $5,654 Mil. Therefore, Uniti Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.75%.


Uniti Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Uniti 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.

* Premium members only.

Uniti Group 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 7.82 10.04 8.93 7.08 8.90

Uniti Group 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 6.01 11.10 8.75 8.64 6.75

Competitive Comparison

For the REIT - Specialty subindustry, Uniti 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.


Uniti Group Effective Interest Rate on Debt % Distribution

For the REITs industry and Real Estate sector, Uniti Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Uniti Group Effective Interest Rate on Debt % Calculation

Uniti Group'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  *  -484.708/( (5270.691+5626.094)/ 2 )
=-1  *  -484.708/5448.3925
=8.90 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5270.691 + 0
=5270.691

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5626.094 + 0
=5626.094

Uniti Group'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  *  -381.86/( (5681.747+5626.094)/ 2 )
=-1  *  -381.86/5653.9205
=6.75 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5681.747 + 0
=5681.747

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5626.094 + 0
=5626.094

* 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.


Uniti Group  (NAS:UNIT) Effective Interest Rate on Debt % Explanation

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


Uniti Group Effective Interest Rate on Debt % Related Terms

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Uniti Group (Uniti Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Uniti Group Inc (NAS:UNIT) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
2101 Riverfront Drive, Suite A, Little Rock, AR, USA, 72202
Uniti is a REIT with about 135,000 route miles of fiber in the U.S., primarily in the Southeast. Uniti reports its business in two segments: leasing and fiber. Leasing currently makes up about 75% of total revenue and consists mostly of Uniti's master lease agreement with Windstream. Uniti was spun out of Windstream in 2015 with a substantial portion of Windstream's network assets, and it immediately leased the entire portfolio back for Windstream's exclusive use. Other leasing revenue stems from sale-leaseback transactions with other fiber holders. Uniti generates fiber revenue by leasing dark and lit fiber to wireless carriers and other enterprises.
Executives
Kenny Gunderman director, officer: See Remarks C/O AMERICA'S CAR-MART, INC., 802 SE PLAZA AVE, SUITE 200, BENTONVILLE AR 72712
Michael Friloux officer: EVP - Chief Technology Officer 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Paul Bullington officer: Interim CFO and PFO 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Travis Black officer: Interim PAO 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Carmen Perez-carlton director 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
David L Solomon director 5847 SAN FELIPE SUITE 320, HOUSTON TX 77057
Blake Schuhmacher officer: Principal Accounting Officer 10802 EXECUTIVE CENTER DRIVE, BENTON BUILDING, SUITE 300, LITTLE ROCK AR 72211
Daniel L Heard officer: See Remarks 2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Ronald J. Mudry officer: EVP-Pres of Fiber Operations 10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Andrew Frey director 10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Scott G. Bruce director 10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Windstream Holdings, Inc. 10 percent owner 4001 RODNEY PARHAM RD., LITTLE ROCK AR 72212
Windstream Services, Llc 10 percent owner 4001 RODNEY PARHAM ROAD, LITTLE ROCK AR 72212
Jennifer S Banner director 214N TRYON STREET, CHARLOTTE NC 28202
Francis X Frantz director ONE ALLIED DRIVE, LITTLE ROCK AR 72202