RPM International (RPM International) Effective Interest Rate on Debt % : 4.56% (As of Feb. 2024)

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What is RPM International 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. RPM International's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $114 Mil. RPM International's average total debt for the quarter that ended in Feb. 2024 was $2,501 Mil. Therefore, RPM International's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.56%.

RPM International Effective Interest Rate on Debt % Historical Data

The historical data trend for RPM International'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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RPM International Effective Interest Rate on Debt % Chart

RPM International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

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4.36

3.80

3.15

4.02

RPM International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.96	4.43	4.42	4.57	4.56

Competitive Comparison of RPM International's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, RPM International'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.

RPM International's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, RPM International's Effective Interest Rate on Debt % distribution charts can be found below:

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

RPM International Effective Interest Rate on Debt % Calculation

RPM International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -119.015	/	( (2951.748	+	2969.333)	/ 2 )
=	-1 * -119.015	/	2960.5405
=	4.02 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2348.294	+	603.454
=	2951.748

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2790.745	+	178.588
=	2969.333

RPM International's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -114.108	/	( (2530.41	+	2471.374)	/ 2 )
=	-1 * -114.108	/	2500.892
=	4.56 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2524.862	+	5.548
=	2530.41

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2465.149	+	6.225
=	2471.374

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

RPM International (NYSE:RPM) Effective Interest Rate on Debt % Explanation

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

RPM International Effective Interest Rate on Debt % Related Terms

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RPM International (RPM International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » RPM International Inc (NYSE:RPM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RP8:Germany RP8:Germany

Address

2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256

Website

https://www.rpminc.com

RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.

Executives

Timothy R. Kinser	officer: VP-Operations	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frederick R. Nance	director	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frank C Sullivan	director, officer: President and CEO
Michael J. Laroche	officer: VP, Controller & CAO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Edward W. Moore	officer: VP, Gen. Counsel & Secretary	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Matthew T Ratajczak	officer: VP-Global Tax and Treasurer	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Russell L Gordon	officer: VP and CFO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Ellen M Pawlikowski	director	870 WINTER STREET, WALTHAM MA 02451
Elizabeth F Whited	director	1400 DOUGLAS ST, OMAHA NE 68179
Thomas Gross	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Michael Hobart Sullivan	officer: VP, Operations and CRO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
John M Ballbach	director
Kirkland B Andrews	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Robert Livingston	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515