Universal Technical Institute (FRA:UTI) Effective Interest Rate on Debt % : 2.94% (As of Sep. 2024)

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What is Universal Technical Institute 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. Universal Technical Institute's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €8.2 Mil. Universal Technical Institute's average total debt for the quarter that ended in Sep. 2024 was €278.1 Mil. Therefore, Universal Technical Institute's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.94%.

Universal Technical Institute Effective Interest Rate on Debt % Historical Data

The historical data trend for Universal Technical Institute'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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Universal Technical Institute Effective Interest Rate on Debt % Chart

Universal Technical Institute Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Effective Interest Rate on Debt %

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0.01

0.20

1.06

3.35

2.88

Universal Technical Institute 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															3.02	3.26	2.61	2.72	2.94

Competitive Comparison of Universal Technical Institute's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Universal Technical Institute'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.

Universal Technical Institute's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Universal Technical Institute's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Universal Technical Institute's Effective Interest Rate on Debt % falls into.

Universal Technical Institute Effective Interest Rate on Debt % Calculation

Universal Technical Institute's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2023 )	+	Total Debt (A: Sep. 2024 ))	/ count )
=	-1 * -8.533	/	( (327.598	+	265.565)	/ 2 )
=	-1 * -8.533	/	296.5815
=	2.88 %

where

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	304.175	+	23.423
=	327.598

	Total Debt (A: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	243.124	+	22.441
=	265.565

Universal Technical Institute'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 * -8.172	/	( (290.655	+	265.565)	/ 2 )
=	-1 * -8.172	/	278.11
=	2.94 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	267.494	+	23.161
=	290.655

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	243.124	+	22.441
=	265.565

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.

Universal Technical Institute (FRA:UTI) Effective Interest Rate on Debt % Explanation

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

Universal Technical Institute Effective Interest Rate on Debt % Related Terms

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Universal Technical Institute Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Universal Technical Institute Inc (FRA:UTI) » Definitions » Effective Interest Rate on Debt %

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UTI:USA

Address

4225 East Windrose Drive, Suite 200, Phoenix, AZ, USA, 85032

Website

https://www.uti.edu

Universal Technical Institute Inc is an educational institution. It provides undergraduate degree, as well as certificate programs for technicians in the automotive, diesel, collision repair, motorcycle and marine fields. The company's reportable segment includes Universal Technical Institute (UTI) and Concorde Career Colleges. Majority of the revenue is generated from UTI segment which provides different kinds of degree and non-degree transportation and skilled trades technical training programs under brands such as Universal Technical Institute, Motorcycle Mechanics Institute, Marine Mechanics Institute and others. It also provides dealer technician training or instructor staffing services to manufacturers.