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Sleep Number (Sleep Number) Effective Interest Rate on Debt % : 5.12% (As of Mar. 2024)


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What is Sleep Number 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. Sleep Number's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $49 Mil. Sleep Number's average total debt for the quarter that ended in Mar. 2024 was $960 Mil. Therefore, Sleep Number's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.12%.


Sleep Number Effective Interest Rate on Debt % Historical Data

The historical data trend for Sleep Number'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.

* Premium members only.

Sleep Number Effective Interest Rate on Debt % Chart

Sleep Number Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.94 1.52 0.90 2.25 4.57

Sleep Number Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.04 4.35 4.74 5.34 5.12

Competitive Comparison of Sleep Number's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Sleep Number'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.


Sleep Number's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sleep Number's Effective Interest Rate on Debt % distribution charts can be found below:

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



Sleep Number Effective Interest Rate on Debt % Calculation

Sleep Number'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  *  -42.695/( (896.012+972.654)/ 2 )
=-1  *  -42.695/934.333
=4.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.879 + 539.133
=896.012

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=351.394 + 621.26
=972.654

Sleep Number's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -49.196/( (972.654+948.247)/ 2 )
=-1  *  -49.196/960.4505
=5.12 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=351.394 + 621.26
=972.654

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=343.447 + 604.8
=948.247

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


Sleep Number  (NAS:SNBR) Effective Interest Rate on Debt % Explanation

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


Sleep Number Effective Interest Rate on Debt % Related Terms

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Sleep Number (Sleep Number) Business Description

Traded in Other Exchanges
Address
1001 Third Avenue South, Minneapolis, MN, USA, 55404
Sleep Number Corp. offers individualized mattresses and sleep solutions. Consumers can customize Sleep Number bedding to suit their comforts. The company utilizes algorithms and biometric data for customizations. Revenue is generated through marketing and selling bedding through two distribution channels: company-controlled, including direct-to-consumer retail and online sales; and wholesale, which sells through selected wholesale and retail customers. Almost all revenue comes from company-controlled retail sales. Sleep Number Corp. sells its products throughout the United States.
Executives
Samuel R Hellfeld officer: SVP Chief Legal & Risk Officer 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404
Francis K Lee officer: EVP & CFO 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404
Brenda J Lauderback director IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET, COLUMBUS IN 47201
Julie Howard director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Michael J Harrison director 200 DOMAIN DRIVE, STRATHAM NH 03885
Joel Joseph Laing officer: Treasurer & CAO 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404
Angel L Mendez director C/O SLEEP NUMBER CORPORATION, 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404
Phillip Eyler director C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901
Kevin Kennedy Brown officer: SVP and CMO 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55442
Christopher D Krusmark officer: SVP & Chief H.R. Officer 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55404
Daniel Alegre director 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55317
Jean Michel Valette director 28 MAPLE AVE, KENTFIELD CT 06897
Melissa Barra officer: SVP, Chief Strategy & CRO 9800 59TH AVENUE NORTH, MINNEAPOLIS MN 55442
Shelly Radue Ibach officer: Senior VP - U.S. Retail Sales 6105 TRENTON LANE NORTH, MINNEAPOLIS MN 55442
Robert Joseph Poirier officer: VP, CAO 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN 55442