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. Snap-on's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $50 Mil. Snap-on's average total debt for the quarter that ended in Mar. 2024 was $1,267 Mil. Therefore, Snap-on's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.95%.
Snap-on Effective Interest Rate on Debt % Historical Data
The historical data trend for Snap-on'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.
For the Tools & Accessories subindustry, Snap-on'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.
Snap-on Effective Interest Rate on Debt % Distribution
For the Industrial Products industry and Industrials sector, Snap-on's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Snap-on's Effective Interest Rate on Debt % falls into.
Snap-on Effective Interest Rate on Debt % Calculation
Snap-on's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Mar. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Snap-on (NYSE:SNA) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Snap-on Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Snap-on's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.
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