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ALGT (Allegiant Travel Co) Effective Interest Rate on Debt % : 4.88% (As of Dec. 2024)


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What is Allegiant Travel 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. Allegiant Travel Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $108 Mil. Allegiant Travel Co's average total debt for the quarter that ended in Dec. 2024 was $2,213 Mil. Therefore, Allegiant Travel Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 4.88%.


Allegiant Travel Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Allegiant Travel 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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Allegiant Travel Co Effective Interest Rate on Debt % Chart

Allegiant Travel Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.58 3.75 5.04 4.72 4.92

Allegiant Travel Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 4.92 4.79 4.73 4.88 6.38

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

For the Airlines subindustry, Allegiant Travel 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.


Allegiant Travel Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Allegiant Travel Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Allegiant Travel Co Effective Interest Rate on Debt % Calculation

Allegiant Travel Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -111.058/( (2362.937+2149.61)/ 2 )
=-1  *  -111.058/2256.2735
=4.92 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1902.127 + 460.81
=2362.937

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1674.127 + 475.483
=2149.61

Allegiant Travel Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -108.028/( (2276.717+2149.61)/ 2 )
=-1  *  -108.028/2213.1635
=4.88 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1833.812 + 442.905
=2276.717

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1674.127 + 475.483
=2149.61

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Allegiant Travel Co  (NAS:ALGT) Effective Interest Rate on Debt % Explanation

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


Allegiant Travel Co Effective Interest Rate on Debt % Related Terms

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Allegiant Travel Co Business Description

Industry
Traded in Other Exchanges
Address
1201 North Town Center Drive, Las Vegas, NV, USA, 89144
Allegiant Travel Co is a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. It operates a low-cost, low utilization passenger airline marketed to leisure travelers in under-served cities, allowing it to sell air transportation both on a stand-alone basis and bundled with the sale of air-related and third-party services and products. In addition, it provides air transportation under fixed-fee flight arrangements. In connection with its leisure travel focus, the company has opened Sunseeker Resort Charlotte Harbor, equipped with several guestrooms and food and beverage outlets. The company's operating segments are the Airline, which generates maximum revenue, and Sunseeker Resort.
Executives
Keny Frank Wilper officer: Interim COO 1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Sandra Douglass Morgan director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Gallagher Maurice J Jr director, 10 percent owner, officer: CEO and President 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Gary Ellmer director 448 LANG ROAD, PORTSMOUTH NH 03801
Wilson Robert Paul Iii officer: EVP and CIO 1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Scott Wayne Deangelo officer: EVP, Marketing 1201 N TOWN CENTER DRIVE, LAS VEGAS NV 89144
Gregory Clark Anderson officer: Chief Accounting Officer 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Drew Allen Wells officer: SVP, Chief Revenue Officer 1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Scott Sheldon officer: Principal Accounting Officer 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Robert James Neal officer: CFO 1201 N TOWN CENTER DR, LAS VEGAS NV 89144
Rebecca Aretos officer: Principal Accounting Officer 1201 N. TOWN CENTER DRIVE., LAS VEGAS NV 89144
John Redmond director 1201 N. TOWN CENTER DRIVE, LAS VEGAS NV 89144
Linda A Marvin officer: CFO and Managing Director 9057 WATERFIELD COURT, LAS VEGAS NV 89134
Charles W. Pollard director 50 CRESCENT AVENUE, SECOND CLIFF, SCITUATE MA 02066
Jude Bricker officer: SVP - Planning 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144