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# Eagle Materials Effective Interest Rate on Debt %

: 4.43% (As of Mar. 2019)
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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. Eagle Materials's annualized positive value of Interest Expense for the quarter that ended in Mar. 2019 was \$29 Mil. Eagle Materials's average total debt for the quarter that ended in Mar. 2019 was \$659 Mil. Therefore, Eagle Materials's annualized effective interest rate on debt for the quarter that ended in Mar. 2019 was 4.43%.

## Eagle Materials Effective Interest Rate on Debt % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Eagle Materials Annual Data

 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Effective Interest Rate on Debt %     3.30 3.11 3.62 4.04 4.16

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Eagle Materials Effective Interest Rate on Debt % Distribution

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

## Eagle Materials Effective Interest Rate on Debt % Calculation

Eagle Materials's annualized Effective Interest Rate on Debt for the fiscal year that ended in Mar. 2019 is calculated as

 Effective Interest Rate on Debt = -1  *  Interest Expense / ( (Total Debt  (A: Mar. 2018 ) + Total Debt  (A: Mar. 2019 )) / 2 ) = -1  *  -27.329 / ( (620.922 + 691.592) / 2 ) = -1  *  -27.329 / 656.257 = 4.16 %

where

 Total Debt  (A: Mar. 2018 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 620.922 + 0 = 620.922

 Total Debt  (A: Mar. 2019 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 655.092 + 36.5 = 691.592

Eagle Materials's annualized Effective Interest Rate on Debt for the quarter that ended in Mar. 2019 is calculated as

 Effective Interest Rate on Debt = -1  *  Interest Expense / ( (Total Debt  (Q: Dec. 2018 ) + Total Debt  (Q: Mar. 2019 )) / 2 ) = -1  *  -29.22 / ( (626.424 + 691.592) / 2 ) = -1  *  -29.22 / 659.008 = 4.43 %

where

 Total Debt  (Q: Dec. 2018 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 589.924 + 36.5 = 626.424

 Total Debt  (Q: Mar. 2019 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 655.092 + 36.5 = 691.592

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Mar. 2019) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.

Eagle Materials  (NYSE:EXP) Effective Interest Rate on Debt % Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.