SNIRF (Senior) Effective Interest Rate on Debt % : 8.93% (As of Jun. 2024)

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What is Senior 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. Senior's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $30 Mil. Senior's average total debt for the quarter that ended in Jun. 2024 was $331 Mil. Therefore, Senior's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.93%.

Senior Effective Interest Rate on Debt % Historical Data

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

Senior Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.76

4.69

3.90

4.76

8.81

Senior Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.98	5.34	8.72	9.14	8.93

Competitive Comparison of Senior's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Senior'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.

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

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

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

Senior Effective Interest Rate on Debt % Calculation

Senior'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 * -25.949	/	( (270.524	+	318.228)	/ 2 )
=	-1 * -25.949	/	294.376
=	8.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	254.446	+	16.078
=	270.524

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	300.253	+	17.975
=	318.228

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -29.516	/	( (318.228	+	342.876)	/ 2 )
=	-1 * -29.516	/	330.552
=	8.93 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	300.253	+	17.975
=	318.228

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	291.985	+	50.891
=	342.876

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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Senior (OTCPK:SNIRF) Effective Interest Rate on Debt % Explanation

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

Senior Effective Interest Rate on Debt % Related Terms

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Senior Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Senior PLC (OTCPK:SNIRF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SNRl:UK SNR:UK 1JD:Germany

Address

59/61 High Street, Rickmansworth, Hertfordshire, GBR, WD3 1RH

Website

https://www.seniorplc.com

Senior PLC produces technology components and systems for original equipment manufacturers in aerospace, defense, land vehicles, and energy markets. It is divided into two divisions: Aerospace and flexonics. Aerospace technology provides products and systems for demanding applications in aerospace & defense and adjacent markets, its products include fluid conveyance, and thermal management components. Flexonics provides technology products and systems for demanding applications in land vehicles, power & energy, and adjacent markets, its products include petrochemicals, renewable energy, and a variety of other industrial applications. Its operations are located in North America and Europe, and approximately half of the total revenue is derived from the United States.