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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. Franklin Electric Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6 Mil. Franklin Electric Co's average total debt for the quarter that ended in Mar. 2024 was $164 Mil. Therefore, Franklin Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.53%.
The historical data trend for Franklin Electric 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.
Franklin Electric Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.72 | 3.44 | 2.86 | 4.60 | 5.60 |
Franklin Electric Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.31 | 5.47 | 5.18 | 3.64 | 3.53 |
For the Specialty Industrial Machinery subindustry, Franklin Electric 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.
For the Industrial Products industry and Industrials sector, Franklin Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Franklin Electric Co's Effective Interest Rate on Debt % falls into.
Franklin Electric 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 * -11.79 | / | ( (264.844 | + | 156.276) | / 2 ) |
= | -1 * -11.79 | / | 210.56 | |||
= | 5.60 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 122.129 | + | 142.715 |
= | 264.844 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 126.605 | + | 29.671 |
= | 156.276 |
Franklin Electric 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 * -5.792 | / | ( (156.276 | + | 171.476) | / 2 ) |
= | -1 * -5.792 | / | 163.876 | |||
= | 3.53 % |
where
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 126.605 | + | 29.671 |
= | 156.276 |
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 129.044 | + | 42.432 |
= | 171.476 |
* 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.
Franklin Electric Co (NAS:FELE) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Franklin Electric Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregg C Sengstack | officer: Senior Vice President and CFO | FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809 |
Delancey W Davis | officer: Vice President, Director of Sa | FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809 |
Greg Michael Levine | officer: VP & President, Global Water | 954 CHAPEL OAKS ROAD, FRONTENAC MO 63131 |
Jonathan M. Grandon | officer: Chief Administrative Officer | 56 EAST BELL DRIVE, P.O. BOX, WARSAW IN 46581 |
Donald P Kenney | officer: VP and President Energy System | FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809 |
Paul Chhabra | officer: VP, Global Product Supply | 9255 COVERDALE ROAD, FORT WAYNE IN 46809 |
Jeffery L Taylor | officer: Vice President and CFO | 1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE IN 47905 |
Chris Villavarayan | director | C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084 |
Brent L Spikes | officer: VP, Global Manufacturing Ops | 10330 CYGNET COVE, ROANOKE IN 46783 |
Kenneth Keene | officer: VP, Global Supply Chain | 626 MONTE VISTA DRIVE, FORT WAYNE IN 46814 |
John J Haines | officer: Vice President and CFO | FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809 |
Luxfer Holdings Plc | director | LUMNS LANE, MANCHESTER X0 M27 8LN |
Alok Maskara | director | 2140 LAKE PARK BLVD, RICHARDSON TX 75080 |
Jay J Walsh | officer: President, Franklin Fueling | 502 CABRILLO COURT, VERONA WI 53593 |
Julie Scheck Freigang | officer: Vice President | 515 FRANKLIN STREET, MICHIGAN CITY IN 46360 |
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