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Gentherm (Gentherm) Effective Interest Rate on Debt % : 8.68% (As of Dec. 2023)


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What is Gentherm 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. Gentherm's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $21 Mil. Gentherm's average total debt for the quarter that ended in Dec. 2023 was $239 Mil. Therefore, Gentherm's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.68%.


Gentherm Effective Interest Rate on Debt % Historical Data

The historical data trend for Gentherm'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.

* Premium members only.

Gentherm Effective Interest Rate on Debt % Chart

Gentherm 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 4.11 2.90 1.92 2.63 5.75

Gentherm 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 4.56 6.31 3.05 5.66 8.68

Competitive Comparison of Gentherm's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Gentherm'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.


Gentherm's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Gentherm's Effective Interest Rate on Debt % distribution charts can be found below:

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



Gentherm Effective Interest Rate on Debt % Calculation

Gentherm'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  *  -14.641/( (262.777+246.713)/ 2 )
=-1  *  -14.641/254.745
=5.75 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=253.191 + 9.586
=262.777

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=238.392 + 8.321
=246.713

Gentherm'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  *  -20.788/( (232.006+246.713)/ 2 )
=-1  *  -20.788/239.3595
=8.68 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=223.753 + 8.253
=232.006

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=238.392 + 8.321
=246.713

* 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.


Gentherm  (NAS:THRM) Effective Interest Rate on Debt % Explanation

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


Gentherm Effective Interest Rate on Debt % Related Terms

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Gentherm (Gentherm) Business Description

Industry
Traded in Other Exchanges
Address
21680 Haggerty Road, Northville, MI, USA, 48167
Gentherm Inc is an automotive parts manufacturer. The business activities of the group function through the Automotive and Medical segments. The vast majority of the firm's revenue comes from the Automotive segment, which includes automotive climate comfort systems, automotive cable systems, battery performance solutions, and automotive electronics and software systems. The medical segment is comprised of the results from the patient temperature management business in the medical industry. Its geographical segments are the United States, China, South Korea, Germany, Japan, the Czech Republic, and other countries.
Executives
Kenneth E Washington director 6555 STATE HWY 161, IRVING TX 75039
Thomas Stocker officer: SVP and General Manager 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Rafael Barkas officer: SVP, Global Ops & Supply Chain 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Vishnu Sundaram officer: Chief Technology Officer 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Kauffman Wayne S Iii officer: VP and General Counsel 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Breisacher Nicholas officer: Chief Accounting Officer 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Barbara J Runyon officer: Chief Human Resources Officer 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Matthew Fisch officer: SVP & Chief Technology Officer 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Yijing Brentano officer: Senior VP IR and Corp Comm 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Phillip Eyler director, officer: Chief Executive Officer C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901
Jaymi Wilson officer: SVP, Global Sales 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Jennifer L. Zoldos officer: Chief Accounting Officer 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Paul Cameron Giberson officer: Sr. VP Sales 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
Matteo Anversa officer: Ex VP, CFO & Treasurer 1293 SOUTH MAIN STREET, AKRON OH 44301
Elizabeth Meter director 21680 HAGGERTY ROAD, NORTHVILLE MI 48167