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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. Macerich Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $283.7 Mil. Macerich Co's average total debt for the quarter that ended in Dec. 2024 was $4,739.9 Mil. Therefore, Macerich Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 5.99%.
The historical data trend for Macerich 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.
Macerich 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 |
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1.32 | 3.59 | 4.76 | 3.93 | 4.69 |
Macerich 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 |
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2.34 | 4.82 | 4.94 | 5.05 | 5.99 |
For the REIT - Retail subindustry, Macerich 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 REITs industry and Real Estate sector, Macerich Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Macerich Co's Effective Interest Rate on Debt % falls into.
Macerich 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 * -219.987 | / | ( (4309.673 | + | 5064.531) | / 2 ) |
= | -1 * -219.987 | / | 4687.102 | |||
= | 4.69 % |
where
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4309.673 | + | 0 |
= | 4309.673 |
Total Debt (A: Dec. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 5064.531 | + | 0 |
= | 5064.531 |
Macerich 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 * -283.732 | / | ( (4415.249 | + | 5064.531) | / 2 ) |
= | -1 * -283.732 | / | 4739.89 | |||
= | 5.99 % |
where
Total Debt (Q: Sep. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4415.249 | + | 0 |
= | 4415.249 |
Total Debt (Q: Dec. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 5064.531 | + | 0 |
= | 5064.531 |
* 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.
Macerich Co (NYSE:MAC) 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 Macerich Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Andrea M Stephen | director | THE MACERICH COMPANY, 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Kenneth Volk | officer: SVP, Chief Marketing Officer | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Scott W Kingsmore | officer: Chief Financial Officer | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Ann C Menard | officer: EVP, CLO and Secretary | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Doug J Healey | officer: EVP, Leasing | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Edward C Coppola | director, officer: Executive Vice President | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
O Hern Thomas E | officer: EVP, Treasurer & CFO | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Christopher J Zecchini | officer: Chief Accounting Officer | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Marianne Lowenthal | director | 401 WILSHIRE BLVD., SUITE 700, SANTA MONICA CA 90401 |
Enrique Jr Hernandez | director | INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105 |
Steven L Soboroff | director | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Ontario Teachers Pension Plan Board | 10 percent owner | 5650 YONGE STREET, TORONTO A6 M2M 4H5 |
Dana K Anderson | director, officer: Vice Chairman of the Board | THE MACERICH COMPANY, 401 WILSHIRE BVLD., STE. 700, SANTA MONICA CA 90401 |
Alschuler John H Jr | director | C/O SL GREEN REALTY CORP, 420 LEXINGTON SUITE 1900, NEW YORK NY 10170 |
Steve Hash | director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
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