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MTRX (Matrix Service Co) Effective Interest Rate on Debt % : 1.55% (As of Sep. 2024)


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What is Matrix Service 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. Matrix Service Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.4 Mil. Matrix Service Co's average total debt for the quarter that ended in Sep. 2024 was $22.9 Mil. Therefore, Matrix Service Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 1.55%.


Matrix Service Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Matrix Service 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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Matrix Service Co Effective Interest Rate on Debt % Chart

Matrix Service Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.58 4.93 8.79 5.33 3.88

Matrix Service Co 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 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 3.74 4.49 2.59 6.17 1.55

Competitive Comparison of Matrix Service Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Matrix Service 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.


Matrix Service Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Matrix Service Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Matrix Service Co Effective Interest Rate on Debt % Calculation

Matrix Service Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -1.13/( (35.321+22.895)/ 2 )
=-1  *  -1.13/29.108
=3.88 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.66 + 4.661
=35.321

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.156 + 3.739
=22.895

Matrix Service Co'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  *  -0.356/( (22.895+22.931)/ 2 )
=-1  *  -0.356/22.913
=1.55 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.156 + 3.739
=22.895

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=19.149 + 3.782
=22.931

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


Matrix Service Co  (NAS:MTRX) Effective Interest Rate on Debt % Explanation

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


Matrix Service Co Effective Interest Rate on Debt % Related Terms

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Matrix Service Co Business Description

Industry
Traded in Other Exchanges
N/A
Address
15 East 5th Street, Suite 1100, Tulsa, OK, USA, 74103
Matrix Service Co is an engineering and construction provider for large industrial projects, primarily in the oil and gas, power, petrochemical, industrial, mining, and minerals markets. It offers engineering, fabrication, construction, and maintenance services, operating across three segments namely Utility and Power Infrastructure; Process and Industrial Facilities; and Storage and Terminal Solutions.
Executives
James Harry Miller director 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Kevin A Durkin officer: VP BUS DEVELOPMENT MSI 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John R Hewitt officer: President & CEO 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Justin D Sheets officer: Vice President, Legal & Risk 5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Douglas J Montalbano officer: President, Matrix NAC 15 EAST 15TH STREET, SUITE 1100, TULSA OK 74103
Shawn P Payne officer: President, Matrix Service 5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Bustamante Jose Luis M. director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD., IRVING TX 75039
John D Chandler director ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172
Kevin S Cavanah officer: VP - Accounting & Fin Report 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Carlin G. Conner director 6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Nancy E Downs officer: Vice President/Human Resources 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Joseph F Montalbano officer: VP / Chief Operating Officer 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Glyn A Rodgers officer: President, Matrix PDM Eng 5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Alan R Updyke officer: President, Matrix Service 5100 EAST SKELLY DRIVE, SUITE 500, TULSA OK 74135
Rick J Bennett officer: VP & Chief Information Officer 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135