Global Industrial Co (Global Industrial Co) Effective Interest Rate on Debt % : -0.41% (As of Dec. 2023)

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What is Global Industrial 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. Global Industrial Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-0 Mil. Global Industrial Co's average total debt for the quarter that ended in Dec. 2023 was $97 Mil. Therefore, Global Industrial Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -0.41%.

Global Industrial Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Global Industrial 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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Global Industrial Co Effective Interest Rate on Debt % Chart

Global Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.13

0.12

1.19

1.11

Global Industrial Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-0.75	0.80	1.00	2.33	-0.41

Competitive Comparison of Global Industrial Co's Effective Interest Rate on Debt %

For the Industrial Distribution subindustry, Global Industrial 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.

Global Industrial Co's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

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

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

Global Industrial Co Effective Interest Rate on Debt % Calculation

Global Industrial 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 * -1.1	/	( (102.1	+	95.5)	/ 2 )
=	-1 * -1.1	/	98.8
=	1.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89.1	+	13
=	102.1

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81.4	+	14.1
=	95.5

Global Industrial Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0.4	/	( (98	+	95.5)	/ 2 )
=	-1 * 0.4	/	96.75
=	-0.41 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.1	+	13.9
=	98

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81.4	+	14.1
=	95.5

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Global Industrial Co (NYSE:GIC) Effective Interest Rate on Debt % Explanation

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

Global Industrial Co Effective Interest Rate on Debt % Related Terms

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Global Industrial Co (Global Industrial Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Global Industrial Co (NYSE:GIC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GML0:Germany

Address

11 Harbor Park Drive, Port Washington, NY, USA, 11050

Website

https://investors.globalindustrial.com

Global Industrial Co is a value-added industrial distributor. It distributes a wide range of industrial and maintenance, repair, and operations (MRO) products to customers across North America, including storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.

Executives

Thomas Axmacher	officer: VP-Controller (CAO)	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Thomas Suozzi	director	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Robert Leeds 2008 Family Trust	10 percent owner	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Bruce Leeds	director, officer: V. Chmn & Pres of Int. Op.	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Richard Leeds	director, 10 percent owner, officer: Chairman and CEO	C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Robert Leeds	director, officer: V. Chmn & Pres. of Dom. Op.	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Barry Litwin	director	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Storch Adina	officer: SVP & General Counsel	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Donna Fielding	officer: Chief Human Resources Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Christopher Longhito	officer: SVP, Operations	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Alex Tomey	officer: SVP & Chief Merchandising OFC	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Manoj Shetty	officer: SVP & Chief Info Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Robert Dooley	officer: Sr. Vice President	C/O SYSTEMAX INC., 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Klaus Werner	officer: SVP & Chief Marketing Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050
Claudia Hughes	officer: SVP & Chief Sales Officer	C/O GLOBAL INDUSTRIAL COMPANY, 11 HARBOR PARK DRIVE, PORT WASHINGTON NY 11050