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Old Dominion Freight Line (Old Dominion Freight Line) Effective Interest Rate on Debt % : 0.43% (As of Dec. 2023)


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What is Old Dominion Freight Line 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. Old Dominion Freight Line's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0 Mil. Old Dominion Freight Line's average total debt for the quarter that ended in Dec. 2023 was $80 Mil. Therefore, Old Dominion Freight Line's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.43%.


Old Dominion Freight Line Effective Interest Rate on Debt % Historical Data

The historical data trend for Old Dominion Freight Line'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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Old Dominion Freight Line Effective Interest Rate on Debt % Chart

Old Dominion Freight Line Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 3.84 1.73 1.56 0.52

Old Dominion Freight Line 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 % 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 1.12 0.80 0.40 0.45 0.43

Competitive Comparison of Old Dominion Freight Line's Effective Interest Rate on Debt %

For the Trucking subindustry, Old Dominion Freight Line'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.


Old Dominion Freight Line's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Old Dominion Freight Line's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Old Dominion Freight Line's Effective Interest Rate on Debt % falls into.



Old Dominion Freight Line Effective Interest Rate on Debt % Calculation

Old Dominion Freight Line'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  *  -0.464/( (99.963+79.977)/ 2 )
=-1  *  -0.464/89.97
=0.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=79.963 + 20
=99.963

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=59.977 + 20
=79.977

Old Dominion Freight Line'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  *  -0.34/( (79.974+79.977)/ 2 )
=-1  *  -0.34/79.9755
=0.43 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=59.974 + 20
=79.974

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=59.977 + 20
=79.977

* 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.


Old Dominion Freight Line  (NAS:ODFL) Effective Interest Rate on Debt % Explanation

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


Old Dominion Freight Line Effective Interest Rate on Debt % Related Terms

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Old Dominion Freight Line (Old Dominion Freight Line) Business Description

Traded in Other Exchanges
Address
500 Old Dominion Way, Thomasville, NC, USA, 27360
Old Dominion Freight Line is the second-largest less than truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry-leading service via steadfast infrastructure investment.
Executives
David S Congdon director, 10 percent owner, officer: President and COO C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Stith Thomas A. Iii director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Steven W. Hartsell officer: SVP - Sales 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Andrew Stephen Davis director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Christopher James Kelley officer: SVP - Operations 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Bradley R Gabosch director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
David J. Bates officer: SVP - Operations C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Leo H Suggs director UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179
D. Michael Wray director 7205 PINETREE ROAD, RICHMOND VA 23229
Gregory B Plemmons officer: SVP - Sales 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Wendy T. Stallings director 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Earl E Congdon director, officer: Chairman of the Board and CEO C/O OLD DOMINION FREIGHT LINE, INC., 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Sherry A Aaholm director 500 JACKSON STREET, COLUMBUS IN 47201
Christopher T Brooks officer: SVP - Human Resources & Safety 500 OLD DOMINION WAY, THOMASVILLE NC 27360
Kimberly S Maready officer: VP - Accounting & Fin. (PAO) 500 OLD DOMINION WAY, THOMASVILLE NC 27360