Gibraltar Industries (Gibraltar Industries) Effective Interest Rate on Debt % : -2.71% (As of Dec. 2023)

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What is Gibraltar Industries 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. Gibraltar Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-1 Mil. Gibraltar Industries's average total debt for the quarter that ended in Dec. 2023 was $32 Mil. Therefore, Gibraltar Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -2.71%.

Gibraltar Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Gibraltar Industries'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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Gibraltar Industries Effective Interest Rate on Debt % Chart

Gibraltar Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.00

1.06

2.13

5.10

3.69

Gibraltar Industries 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															5.80	6.49	10.94	7.38	-2.71

Competitive Comparison of Gibraltar Industries's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Gibraltar Industries'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.

Gibraltar Industries's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Gibraltar Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Gibraltar Industries Effective Interest Rate on Debt % Calculation

Gibraltar Industries'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 * -3.002	/	( (116.423	+	46.267)	/ 2 )
=	-1 * -3.002	/	81.345
=	3.69 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	107.803	+	8.62
=	116.423

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.989	+	10.278
=	46.267

Gibraltar Industries'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 * 0.856	/	( (16.901	+	46.267)	/ 2 )
=	-1 * 0.856	/	31.584
=	-2.71 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.901	+	0
=	16.901

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.989	+	10.278
=	46.267

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.

Gibraltar Industries (NAS:ROCK) Effective Interest Rate on Debt % Explanation

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

Gibraltar Industries Effective Interest Rate on Debt % Related Terms

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Gibraltar Industries (Gibraltar Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Gibraltar Industries Inc (NAS:ROCK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GI2:Germany

Address

3556 Lake Shore Road, P.O. Box 2028, Buffalo, NY, USA, 14219-0228

Website

https://www.gibraltar1.com

Gibraltar Industries Inc is a manufacturer and provider of products and services for the Renewable energy, Residential, Agtech and Infrastructure markets. Renewables Segment is engaged in the design, engineering, manufacturing and installation of solar racking and electrical balance of systems. Agtech Segment provides growing and processing solutions including the designing, engineering, manufacturing, full-scope construction, maintenance and support of greenhouses and indoor growing operations, and botanical extraction systems. It derives key revenue from the Residential segment which offers roof and foundation ventilation products, single point and centralized mail systems and electronic package solutions and Retractable awnings and gutter guards, among other products.

Executives

James B Nish	director	3556 LAKESHORE RD., BLASDELL NY 14219
Janet Anne Catlett	officer: VP, CHRO	22 WEST FRONTAGE ROAD, NORTHFIELD IL 60093
Linda Kristine Myers	director	3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Katherine Bolanowski	officer: General Counsel, VP, Secretary	3556 LAKE SHORE ROAD, BUFFALO NY 14219
Patrick Burns	officer: Chief Operating Officer	3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Jeffrey J. Watorek	officer: VP, Treasurer, Secretary	3556 LAKESHORE ROAD, BLASDELL NY 14219
Elizabeth Jensen	officer: Chief Human Resources Officer	5928 HIGHLAND HILLS CIRCLE, FORT COLLINS CO 80528
Gwendolyn G Mizell	director	800 S HANLEY SUITE 8D, CLAYTON MO 63105
Manish H Shah	director	9618 BOUCHAINE PASS, BRENTWOOD TN 37027
Mark G Barberio	director	19 WIK STREET, WILLIAMSVILLE NY 14221
Vinod M Khilnani	director	905 WEST BLVD NORTH, ELKHART IN 46514
Sharon M Brady	director	3600 W. LAKE AVENUE, GLENVIEW IL 60026
William P Montague	director
Atlee Valentine Pope	director	3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Craig A Hindman	director	ILLINOIS TOOL WORKS INC., 3600 WEST LAKE AVENUE, GLENVIEW IL 60026