Switch to:
Target Corp  (NYSE:TGT) Effective Interest Rate on Debt %: 3.81% (As of Jan. 2019)

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 Current Portion of Long-Term Debt. Target Corp's annualized positive value of Interest Expense for the quarter that ended in Jan. 2019 was $436 Mil. Target Corp's average total debt for the quarter that ended in Jan. 2019 was $11,457 Mil. Therefore, Target Corp's annualized effective interest rate on debt for the quarter that ended in Jan. 2019 was 3.81%.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Target Corp Annual Data

Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.97 4.76 7.77 5.41 4.07

Target Corp Quarterly Data

Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 4.39 4.25 4.08 4.04 3.81

Competitive Comparison
* 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.


Target Corp Distribution

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



Calculation

Target Corp's annualized Effective Interest Rate on Debt for the fiscal year that ended in Jan. 2019 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2018 )+Total Debt  (A: Jan. 2019 ))/ 2 )
=-1  *  -461/( (11398+11275)/ 2 )
=-1  *  -461/11336.5
=4.07 %

where

Total Debt  (A: Jan. 2018 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=11117 + 281
=11398

Total Debt  (A: Jan. 2019 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=10223 + 1052
=11275

Target Corp's annualized Effective Interest Rate on Debt for the quarter that ended in Jan. 2019 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2018 )+Total Debt  (Q: Jan. 2019 ))/ 2 )
=-1  *  -436/( (11639+11275)/ 2 )
=-1  *  -436/11457
=3.81 %

where

Total Debt  (Q: Oct. 2018 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=10104 + 1535
=11639

Total Debt  (Q: Jan. 2019 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=10223 + 1052
=11275

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Jan. 2019) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.


Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.


Related Terms


Headlines

From GuruFocus

Wall Street Down on Wednesday
Wall Street Down on Wednesday

By Omar Venerio about TGT 2019-05-22 16:13:28

From the Internet

TGT
3 Top Stocks With High Dividend Yields --

- Fool 2019-05-23 00:00:00

TGT
How Much China?: Cramer's 'Mad Money' Recap

- theStreet 2019-05-22 19:15:00

TGT
What Happened in the Stock Market Today --

- Fool 2019-05-22 17:03:00

TGT
FAANG Could Take a Bite Into Tesla -- ICYMI

- theStreet 2019-05-22 16:25:00

TGT
Target Is a Buy Above This Key Moving Average

- theStreet 2019-05-22 11:50:00

TGT
Fed's FOMC Minutes In Focus

- Zacks 2019-05-22 09:38:00

TGT
More Retail Earnings, Plus New FOMC Minutes

- Zacks 2019-05-22 09:29:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK