United Rentals (BSP:U1RI34) Effective Interest Rate on Debt % : 5.10% (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is United Rentals 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. United Rentals's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was R$3,943 Mil. United Rentals's average total debt for the quarter that ended in Sep. 2024 was R$77,285 Mil. Therefore, United Rentals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 5.10%.

United Rentals Effective Interest Rate on Debt % Historical Data

The historical data trend for United Rentals'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.

United Rentals Effective Interest Rate on Debt % Chart

United Rentals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.57

6.66

4.24

3.78

4.93

United Rentals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.11	5.02	4.96	5.27	5.10

Competitive Comparison of United Rentals's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, United Rentals'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.

United Rentals's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Effective Interest Rate on Debt % distribution charts can be found below:

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

United Rentals Effective Interest Rate on Debt % Calculation

United Rentals'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 * -3111.373	/	( (64114.524	+	62041.267)	/ 2 )
=	-1 * -3111.373	/	63077.8955
=	4.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62163.235	+	1951.289
=	64114.524

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53643.01	+	8398.257
=	62041.267

United Rentals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -3942.912	/	( (74742.91	+	79827.387)	/ 2 )
=	-1 * -3942.912	/	77285.1485
=	5.10 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67369.339	+	7373.571
=	74742.91

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71465.309	+	8362.078
=	79827.387

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

United Rentals (BSP:U1RI34) Effective Interest Rate on Debt % Explanation

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

United Rentals Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of United Rentals's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

United Rentals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (BSP:U1RI34) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

URI:USA URI:Mexico 0LIY:UK UR3:Germany UR3:Germany

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $22 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.

United Rentals Headlines

No Headlines