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SpartanNash Co (SpartanNash Co) Effective Interest Rate on Debt % : 4.59% (As of Dec. 2023)


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What is SpartanNash Co 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. SpartanNash Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $39 Mil. SpartanNash Co's average total debt for the quarter that ended in Dec. 2023 was $842 Mil. Therefore, SpartanNash Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.59%.


SpartanNash Co Effective Interest Rate on Debt % Historical Data

The historical data trend for SpartanNash 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.

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SpartanNash Co Effective Interest Rate on Debt % Chart

SpartanNash Co 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 4.07 2.04 1.81 3.02 4.82

SpartanNash Co 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 4.02 5.88 4.49 4.50 4.59

Competitive Comparison of SpartanNash Co's Effective Interest Rate on Debt %

For the Food Distribution subindustry, SpartanNash 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.


SpartanNash Co's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, SpartanNash Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



SpartanNash Co Effective Interest Rate on Debt % Calculation

SpartanNash Co'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  *  -39.887/( (788.096+865.577)/ 2 )
=-1  *  -39.887/826.8365
=4.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=735.854 + 52.242
=788.096

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=814.785 + 50.792
=865.577

SpartanNash Co'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  *  -38.676/( (819.395+865.577)/ 2 )
=-1  *  -38.676/842.486
=4.59 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=767.613 + 51.782
=819.395

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=814.785 + 50.792
=865.577

* 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.


SpartanNash Co  (NAS:SPTN) Effective Interest Rate on Debt % Explanation

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


SpartanNash Co Effective Interest Rate on Debt % Related Terms

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SpartanNash Co (SpartanNash Co) Business Description

Traded in Other Exchanges
Address
850 76th Street SW, P.O. Box 8700, Grand Rapids, MI, USA, 49518-8700
SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale. The Company's Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores. Majority of the revenue is earned from wholesale segment.
Executives
Kerrie D. Macpherson director 5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214
William R Voss director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hawthorne L. Proctor director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Bennett John Morgan officer: SVP and Chief Mdsing Officer 850 76TH STREET SW, GRAND RAPIDS MI 49518
Matthew Mannelly director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Yvonne Trupiano officer: Sr. VP Chief HR Officer 850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Pamela Puryear director 253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Julien Mininberg director ONE HELEN OF TROY PLAZA, EL PASO TX 79912
Jaymin B Patel director C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Frank Gambino director C/O 850 - 76TH STREET SW, GRAND RAPIDS MI 49518
Ileana Mcalary officer: SVP CLO and Secretary 850 76TH STREET SW, GRAND RAPIDS MI 49518
Kathleen M Mahoney officer: Exec VP Gen Counsel and Secy C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Robert Todd Riksen officer: VP, Corporate Controller 850 76TH STREET SW, GRAND RAPIDS MI 49518
Masiar Tayebi officer: E.V.P., Chief Strategy Officer 850 76TH STREET SW, GRAND RAPIDS MI 49518
David J Petko officer: Senior VP Supply Chain 850 76TH STREET SW, GRAND RAPIDS MI 49518