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GPC (Genuine Parts Co) Effective Interest Rate on Debt % : 2.00% (As of Dec. 2024)


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What is Genuine Parts 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. Genuine Parts Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $118 Mil. Genuine Parts Co's average total debt for the quarter that ended in Dec. 2024 was $5,866 Mil. Therefore, Genuine Parts Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 2.00%.


Genuine Parts Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Genuine Parts 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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Genuine Parts Co Effective Interest Rate on Debt % Chart

Genuine Parts Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 1.86 2.01 1.42 1.82

Genuine Parts Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.34 1.44 1.73 1.99 2.00

Competitive Comparison of Genuine Parts Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Genuine Parts 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.


Genuine Parts Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Genuine Parts Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Genuine Parts Co Effective Interest Rate on Debt % Calculation

Genuine Parts Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -96.827/( (4886.166+5742.736)/ 2 )
=-1  *  -96.827/5314.451
=1.82 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4530.868 + 355.298
=4886.166

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5201.031 + 541.705
=5742.736

Genuine Parts Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -117.592/( (5990.215+5742.736)/ 2 )
=-1  *  -117.592/5866.4755
=2.00 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5179.233 + 810.982
=5990.215

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5201.031 + 541.705
=5742.736

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


Genuine Parts Co  (NYSE:GPC) Effective Interest Rate on Debt % Explanation

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


Genuine Parts Co Effective Interest Rate on Debt % Related Terms

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Genuine Parts Co Business Description

Traded in Other Exchanges
Address
2999 Wildwood Parkway, Atlanta, GA, USA, 30339
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of end market sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.
Executives
Wendy B Needham director 2999 CIRCLE 75 PRKWAY, ATLANTA GA 30339
Randall P Breaux officer: Group President, GPC N.A. 5711 R S BOREHAM JR ST, P O BOX 2400, FORT SMITH AR 72902
Gary P Fayard director ONE COCA COLA PLAZA, ATLANTA GA 30313
John D Johns director PO BOX 2606, BIRMINGHAM AL 35202
Juliette Williams Pryor director 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117
John R Holder director 999 PEACHTREE ST NE, SUITE 688, ATLANTA GA 30309
Donna Westbrook Hyland director 3344 PEACHTREE ROAD NE STE 1800, ATLANTA GA 30326
Paul Russell Hardin director 2999 WILDWOOD PARKWAY SE, ATLANTA GA 30339
Richard Jr Cox director 2999 WILDWOOD PARKWAY, ATLANTA GA 30339
Paul D Donahue director, officer: Chairman and CEO 214 N TRYON STREET, CHARLOTTE NC 28202
Loudermilk Robert C Jr director 309 E. PACES FERRY RD N.E., ATLANTA GA 30305-2377
Darren M Rebelez director 1722 ROUTH STREET, SUITE 1000, DALLAS TX 75201-2502
Naveen Krishna officer: EVP, CIDO 2999 WILDWOOD PKWY, ATLANTA GA 30339
Christopher T Galla officer: SVP and General Counsel 2999 WILDWOOD PKWY, ATLANTA GA 30339
Wood E Jenner Iii director SUNTRUST BANKS INC, P O BOX 4418 MC643, ATLANTA GA 30302