Marriott Vacations Worldwide (Marriott Vacations Worldwide) Effective Interest Rate on Debt %

: 3.06% (As of Dec. 2023)

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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. Marriott Vacations Worldwide's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $156 Mil. Marriott Vacations Worldwide's average total debt for the quarter that ended in Dec. 2023 was $5,101 Mil. Therefore, Marriott Vacations Worldwide's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.06%.

Marriott Vacations Worldwide Effective Interest Rate on Debt % Historical Data

The historical data trend for Marriott Vacations Worldwide'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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Marriott Vacations Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.34

3.59

3.75

2.48

2.85

Marriott Vacations Worldwide 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 %																2.25	2.70	2.85	2.86	3.06

Competitive Comparison

For the Resorts & Casinos subindustry, Marriott Vacations Worldwide'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.

Marriott Vacations Worldwide Effective Interest Rate on Debt % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Marriott Vacations Worldwide's Effective Interest Rate on Debt % distribution charts can be found below:

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

Marriott Vacations Worldwide Effective Interest Rate on Debt % Calculation

Marriott Vacations Worldwide'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 * -145	/	( (5026	+	5145)	/ 2 )
=	-1 * -145	/	5085.5
=	2.85 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5026	+	0
=	5026

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5145	+	0
=	5145

Marriott Vacations Worldwide'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 * -156	/	( (5057	+	5145)	/ 2 )
=	-1 * -156	/	5101
=	3.06 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5057	+	0
=	5057

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5145	+	0
=	5145

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.

Marriott Vacations Worldwide (NYSE:VAC) Effective Interest Rate on Debt % Explanation

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

Marriott Vacations Worldwide Effective Interest Rate on Debt % Related Terms

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Marriott Vacations Worldwide (Marriott Vacations Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott Vacations Worldwide Corp (NYSE:VAC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

VAC:Mexico M8V:Germany M8V:Germany

Address

9002 San Marco Court, Orlando, FL, USA, 32819

Website

https://www.marriottvacationsworldwide.com

Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies, and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's major revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services. The company operates in two reportable segments: Vacation Ownership and Exchange & Third-Party Management. The majority of revenue is derived from the Vacation Ownership segment.

Executives

Jason P Marino	officer: EVP, Chief Financial Officer	9002 SAN MARCO COURT, ORLANDO FL 32819
Anthony E Terry	officer: EVP, CFO	9002 SAN MARCO COURT, ORLANDO FL 32819
Geller John E Jr	officer: Exec. VP and CFO	6649 WESTWOOD BLVD., ORLANDO FL 32821
Raman Bukkapatnam	officer: EVP & CIO	9002 SAN MARCO COURT, ORLANDO FL 32819
Dwight D. Smith	officer: Sr. VP & CIO	6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephanie Sobeck Butera	officer: EVP & COO of HVO	9002 SAN MARCO CT, ORLANDO FL 32819
Michael E. Yonker	officer: Sr. VP & Chief HR Officer	6649 WESTWOOD BLVD., ORLANDO FL 32821
Lizabeth Kane-hanan	officer: Exec. VP & Chief Growth & Inv.	6649 WESTWOOD BLVD., ORLANDO FL 32821
Kathleen A. Pighini	officer: SVP and CAO	9002 SAN MARCO COURT, ORLANDO FL 32819
Jonice Gray Tucker	director	9002 SAN MARCO COURT, ORLANDO FL 32819
R. Lee Cunningham	officer: Exec VP & COO-N.Am & Carribean	6649 WESTWOOD BLVD., ORLANDO FL 32821
Melquiades R. Martinez	director	450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Hunter James H. Iv	officer: Exec. VP & General Counsel	6649 WESTWOOD BLVD., ORLANDO FL 32821
Brian E. Miller	officer: ExecVP-Sales,Marketing&ServOp	6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephen P Weisz	director, officer: President & CEO	6649 WESTWOOD BLVD., ORLANDO FL 32821