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Burlington Stores (Burlington Stores) Effective Interest Rate on Debt % : 1.65% (As of Jan. 2024)


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What is Burlington Stores 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. Burlington Stores's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $79 Mil. Burlington Stores's average total debt for the quarter that ended in Jan. 2024 was $4,806 Mil. Therefore, Burlington Stores's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.65%.


Burlington Stores Effective Interest Rate on Debt % Historical Data

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

Burlington Stores 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 2.20 2.37 1.49 1.45 1.65

Burlington Stores 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 1.62 1.66 1.70 1.68 1.65

Competitive Comparison of Burlington Stores's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Burlington Stores'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.


Burlington Stores's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

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



Burlington Stores Effective Interest Rate on Debt % Calculation

Burlington Stores'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  *  -78.399/( (4702.109+4804.834)/ 2 )
=-1  *  -78.399/4753.4715
=1.65 %

where

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4287.364 + 414.745
=4702.109

Total Debt  (A: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4379.736 + 425.098
=4804.834

Burlington Stores'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  *  -79.316/( (4806.44+4804.834)/ 2 )
=-1  *  -79.316/4805.637
=1.65 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4380.167 + 426.273
=4806.44

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4379.736 + 425.098
=4804.834

* 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.


Burlington Stores  (NYSE:BURL) Effective Interest Rate on Debt % Explanation

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


Burlington Stores Effective Interest Rate on Debt % Related Terms

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Burlington Stores (Burlington Stores) Business Description

Traded in Other Exchanges
Address
2006 Route 130 North, Burlington, NJ, USA, 08016
The third-largest American dedicated off-price apparel and home fashion retail firm, with 927 stores as of the end of fiscal 2022, Burlington Stores offers an assortment of products from over 5,000 brands through an everyday-low-price approach that undercuts conventional retailers' regular prices by up to 60%. The company focuses on providing a treasure-hunt experience, with a quickly changing array of merchandise in a relatively low-frills shopping environment. In fiscal 2022, 24% of sales came from accessories and footwear, 22% from women's ready-to-wear apparel, 21% from home décor, 17% from menswear, 12% from youth apparel and baby, and 4% from outerwear. All sales come from the United States.
Executives
William P Mcnamara director
Jennifer Vecchio officer: President and CMO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Jeffrey Laub officer: SVP, Finance and CAO C/O BURLINGTON COAT FACTORY WAREHOUSE CO, 1830 ROUTE 130, BURLINGTON NJ 08016
Kristin Wolfe officer: Chief Financial Officer C/O BURLINGTON STORES, INC., 1830 ROUTE 130, BURLINGTON NJ 08016
Travis Marquette officer: President and COO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Mike Metheny officer: Executive Vice President 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Dennis Hodgson officer: EVP CIO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Michael R Allison officer: EVP CHRO 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Joyce Manning Magrini officer: Executive Vice President C/O FINLAY ENTERPRISES, INC., 529 FIFTH AVENUE, ATTN: LEGAL DPT., NEW YORK NY 10017
Michael Goodwin director 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
Fred Hand officer: Chief Customer Officer 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
John Crimmins officer: Chief Financial Officer 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016
Thomas Kingsbury director, officer: President & CEO 2006 ROUTE 130 NORTH, BURLINGTON NJ 08016
O Sullivan Michael B director, officer: Chief Executive Officer 5130 HACIENDA DRIVE, DUBLIN CA 94568
Paul Sullivan director 1830 ROUTE 130 NORTH, BURLINGTON NJ 08016