MSC Industrial Direct Co (MSC Industrial Direct Co) Effective Interest Rate on Debt %

: 4.57% (As of Feb. 2024)

View and export this data going back to 1995. Start your Free Trial

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. MSC Industrial Direct Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $28 Mil. MSC Industrial Direct Co's average total debt for the quarter that ended in Feb. 2024 was $608 Mil. Therefore, MSC Industrial Direct Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.57%.

MSC Industrial Direct Co Effective Interest Rate on Debt % Historical Data

The historical data trend for MSC Industrial Direct 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.

MSC Industrial Direct Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

3.46

2.98

1.92

2.07

3.26

MSC Industrial Direct Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %																3.26	3.53	3.54	3.79	4.57

Competitive Comparison

For the Industrial Distribution subindustry, MSC Industrial Direct 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.

MSC Industrial Direct Co Effective Interest Rate on Debt % Distribution

For the Industrial Distribution industry and Industrials sector, MSC Industrial Direct Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where MSC Industrial Direct Co's Effective Interest Rate on Debt % falls into.

MSC Industrial Direct Co Effective Interest Rate on Debt % Calculation

MSC Industrial Direct Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -22.543	/	( (860.768	+	521.418)	/ 2 )
=	-1 * -22.543	/	691.093
=	3.26 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	516.528	+	344.24
=	860.768

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	270.315	+	251.103
=	521.418

MSC Industrial Direct Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -27.804	/	( (600.582	+	615.219)	/ 2 )
=	-1 * -27.804	/	607.9005
=	4.57 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	335.84	+	264.742
=	600.582

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	335.704	+	279.515
=	615.219

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

MSC Industrial Direct Co (NYSE:MSM) Effective Interest Rate on Debt % Explanation

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

MSC Industrial Direct Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of MSC Industrial Direct Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

MSC Industrial Direct Co (MSC Industrial Direct Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MSC Industrial Direct Co Inc (NYSE:MSM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

98M:Germany 98M:Germany

Address

515 Broadhollow Road, Suite 1000, Melville, NY, USA, 11747

Website

https://www.mscdirect.com

MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers over 2 million products through its distribution network, which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2023, 95% of the firm's $4.0 billion of sales was generated in the U.S.

Executives

Erik Gershwind	officer: SVP, Product Mgmnt & Marketing	C/O MSC INDUSTRIAL DIRECT CO INC, 75 MAXESS ROAD, MELVILLE NY 11747
Kristen Actis-grande	officer: EVP & Chief Financial Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Elizabeth Bledsoe	officer: SVP & Chief People Officer	C/O MSC LNDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Kimberly Shacklett	officer: SVP, Sales & Customer Success	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Douglas E Jones	officer: EVP, Chief Supply Chain	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Stacey L. Bennett	10 percent owner	410 PARK AVE., SUITE 620, NEW YORK NY 10022
Rahquel Purcell	director	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Martina Mcisaac	officer: EVP, Chief Operating Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Steven N Baruch	officer: SVP, STRATEGY & MARKETING	18232 PENINSULA CLUB, CORNELIUS NC 28031
Mitchell Jacobson	director, 10 percent owner, officer: Chairman and CEO	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS RD, MELVILLE NY 11747
Louise K Goeser	director	C/O PPL CORPORATION, TWO NORTH NINTH STREET, ALLENTOWN PA 18101
John Hill	officer: SVP, Chief Digital Info Offr.	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Neal Dongre	officer: VP, Gen Counsel & Corp Sec	C/O MSC INDUSTRIAL DIRECT CO., INC., 515 BROADHOLLOW ROAD, MELVILLE NY 11747
Martin Edward F Jr	officer: SVP, Sales & Customer Success	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747
Kari D Heerdt	officer: SVP, Chief People Officer	C/O MSC INDUSTRIAL DIRECT CO., INC., 75 MAXESS ROAD, MELVILLE NY 11747