Westjet Airlines (FRA:WC41) Effective Interest Rate on Debt % : 2.87% (As of Sep. 2019)

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What is Westjet Airlines 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. Westjet Airlines's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was €50 Mil. Westjet Airlines's average total debt for the quarter that ended in Sep. 2019 was €1,739 Mil. Therefore, Westjet Airlines's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 2.87%.

Westjet Airlines Effective Interest Rate on Debt % Historical Data

The historical data trend for Westjet Airlines'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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Westjet Airlines Effective Interest Rate on Debt % Chart

Westjet Airlines Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

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5.07

4.29

2.98

2.51

2.62

Westjet Airlines Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.35	0.73	3.23	3.09	2.87

Competitive Comparison of Westjet Airlines's Effective Interest Rate on Debt %

For the Airlines subindustry, Westjet Airlines'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.

Westjet Airlines's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

Westjet Airlines Effective Interest Rate on Debt % Calculation

Westjet Airlines's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -34.752	/	( (1355.975	+	1294.659)	/ 2 )
=	-1 * -34.752	/	1325.317
=	2.62 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1254.627	+	101.348
=	1355.975

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	943.972	+	350.687
=	1294.659

Westjet Airlines's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2019 )	+	Total Debt (Q: Sep. 2019 ))	/ count )
=	-1 * -49.96	/	( (1873.763	+	1604.755)	/ 2 )
=	-1 * -49.96	/	1739.259
=	2.87 %

where

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1276.227	+	597.536
=	1873.763

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1282.374	+	322.381
=	1604.755

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Westjet Airlines (FRA:WC41) Effective Interest Rate on Debt % Explanation

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

Westjet Airlines Effective Interest Rate on Debt % Related Terms

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Westjet Airlines (FRA:WC41) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Westjet Airlines Ltd (FRA:WC41) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Aerial Place N.E., Calgary, AB, CAN, T2E 3J1

Website

http://www.westjet.com

WestJet is a Canadian airline based in Calgary, Alberta. WestJet operates WestJet Vacations, which provides air, hotel, car, and excursion packages and in 2013 launched WestJet Encore, a regional airline that operates Q400 turboprops, servicing smaller destinations. It also plans to launch an ultra-low-cost carrier (branded Swoop) in 2018. WestJet services over 100 destinations in North America, Central America, the Caribbean, and Europe. The carrier generated roughly CAD 4.5 billion in revenue in 2017.

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