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Crane NXT Co (Crane NXT Co) Effective Interest Rate on Debt % : 5.77% (As of Mar. 2024)


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What is Crane NXT 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. Crane NXT Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $40 Mil. Crane NXT Co's average total debt for the quarter that ended in Mar. 2024 was $686 Mil. Therefore, Crane NXT Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.77%.


Crane NXT Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Crane NXT 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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Crane NXT Co Effective Interest Rate on Debt % Chart

Crane NXT Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 4.16 5.09 6.17 6.42

Crane NXT Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.98 5.54 6.53 6.10 5.77

Competitive Comparison of Crane NXT Co's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Crane NXT 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.


Crane NXT Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crane NXT Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Crane NXT Co Effective Interest Rate on Debt % Calculation

Crane NXT Co'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  *  -50.6/( (881.2+694.7)/ 2 )
=-1  *  -50.6/787.95
=6.42 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=574.1 + 307.1
=881.2

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=682.9 + 11.8
=694.7

Crane NXT Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -39.6/( (694.7+677.7)/ 2 )
=-1  *  -39.6/686.2
=5.77 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=682.9 + 11.8
=694.7

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=639.6 + 38.1
=677.7

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


Crane NXT Co  (NYSE:CXT) Effective Interest Rate on Debt % Explanation

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


Crane NXT Co Effective Interest Rate on Debt % Related Terms

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Crane NXT Co (Crane NXT Co) Business Description

Industry
Traded in Other Exchanges
N/A
Address
100 First Stamford Place, Stamford, CT, USA, 06902
Crane NXT Co is a premier industrial technology company that provides proprietary and trusted technology solutions to secure, detect, and authenticate what matters most to its customers. It is a pioneer in advanced, proprietary micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies.
Executives
Kurt F. Gallo officer: Sr. VP, Payment & Merch. Tech. 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Max H Mitchell officer: VICE PRESIDENT - OP EX CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl director 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
David D Petratis director 1415 ROSELLE ROAD, PALATINE IL 60067
Marijane V. Papanikolaou officer: V.P, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono officer: SVP, CHRO 950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Bianca B. Shardelow officer: VP, Controller & CAO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
William K Grogan director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Sanjay Kapoor director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
Paul Gerard Igoe officer: SVP, General Counsel & Sec. LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Crane Holdings, Co. 10 percent owner CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451
Aaron W Saak officer: CEO, Crane NXT C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607
Scott A. Grisham officer: SVP Bus. Dev. & Strategy 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tamara S. Polmanteer officer: Senior Vice President, CHRO 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
John S Stroup director 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105