General Dynamics (MEX:GD) Effective Interest Rate on Debt % : 3.05% (As of Sep. 2024)

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What is General Dynamics 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. General Dynamics's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was MXN6,458 Mil. General Dynamics's average total debt for the quarter that ended in Sep. 2024 was MXN211,791 Mil. Therefore, General Dynamics's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.05%.

General Dynamics Effective Interest Rate on Debt % Historical Data

The historical data trend for General Dynamics'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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General Dynamics Effective Interest Rate on Debt % Chart

General Dynamics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.58

3.56

3.14

3.01

3.19

General Dynamics 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															3.05	2.79	2.93	3.18	3.05

Competitive Comparison of General Dynamics's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, General Dynamics'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.

General Dynamics's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, General Dynamics's Effective Interest Rate on Debt % distribution charts can be found below:

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

General Dynamics Effective Interest Rate on Debt % Calculation

General Dynamics'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 * -6772.725	/	( (236174.544	+	188125.59)	/ 2 )
=	-1 * -6772.725	/	212150.067
=	3.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206131.208	+	30043.336
=	236174.544

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174003.016	+	14122.574
=	188125.59

General Dynamics'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 * -6458.42	/	( (203701.225	+	219881.581)	/ 2 )
=	-1 * -6458.42	/	211791.403
=	3.05 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	161326.827	+	42374.398
=	203701.225

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174022.872	+	45858.709
=	219881.581

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.

General Dynamics (MEX:GD) Effective Interest Rate on Debt % Explanation

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

General Dynamics Effective Interest Rate on Debt % Related Terms

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General Dynamics Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

GD:USA 1GD:Italy 0IUC:UK GDX:Germany GDX:Germany GDX:Germany GDX:Germany GDBR34:Brazil

Address

11011 Sunset Hills Road, Reston, VA, USA, 20190

Website

https://www.gd.com

General Dynamics is a defense contractor and business jet manufacturer. The firm's segments include aerospace, marine, combat systems, and technology. General Dynamics' aerospace segment manufactures Gulfstream business jets and operates a global aircraft servicing operation. Combat systems produces land-based combat vehicles such as the M1 Abrams tank and Stryker armored personnel carrier, as well as munitions. The marine segment builds and services nuclear-powered submarines, destroyers, and other ships. The technologies segment contains two main units: an IT business that primarily serves the government market and a mission systems business that focuses on products that provide command, control, computing, intelligence, surveillance, and reconnaissance capabilities to the military.