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Virgin Galactic Holdings (Virgin Galactic Holdings) Effective Interest Rate on Debt % : 3.09% (As of Dec. 2023)


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What is Virgin Galactic Holdings 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. Virgin Galactic Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $12.90 Mil. Virgin Galactic Holdings's average total debt for the quarter that ended in Dec. 2023 was $417.61 Mil. Therefore, Virgin Galactic Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.09%.


Virgin Galactic Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Virgin Galactic Holdings'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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Virgin Galactic Holdings Effective Interest Rate on Debt % Chart

Virgin Galactic Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.29 0.15 - 2.92 3.09

Virgin Galactic Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.09 3.09 3.09 3.09 3.09

Competitive Comparison of Virgin Galactic Holdings's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Virgin Galactic Holdings'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.


Virgin Galactic Holdings's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

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

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



Virgin Galactic Holdings Effective Interest Rate on Debt % Calculation

Virgin Galactic Holdings'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  *  -12.872/( (415.72+417.886)/ 2 )
=-1  *  -12.872/416.803
=3.09 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=415.72 + 0
=415.72

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=417.886 + 0
=417.886

Virgin Galactic Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -12.896/( (417.338+417.886)/ 2 )
=-1  *  -12.896/417.612
=3.09 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=417.338 + 0
=417.338

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=417.886 + 0
=417.886

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Virgin Galactic Holdings  (NYSE:SPCE) Effective Interest Rate on Debt % Explanation

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


Virgin Galactic Holdings Effective Interest Rate on Debt % Related Terms

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Virgin Galactic Holdings (Virgin Galactic Holdings) Business Description

Traded in Other Exchanges
Address
1700 Flight Way, Tustin, CA, USA, 92782
Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.
Executives
Arcangeli Henio R Jr director C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Diana S. Strandberg director 1700 FLIGHT WAY, TUSTIN CA 92782
Raymond E Mabus director C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Aparna Chitale officer: See Remarks 1700 FLIGHT WAY, TUSTIN CA 92782
Sarah E Kim officer: See Remarks C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Douglas T Ahrens officer: See Remarks 215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael A Colglazier director, officer: See Remarks C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Alistair Burns officer: See Remarks 1700 FLIGHT WAY, TUSTIN CA 92782
Michelle Kley officer: See Remarks C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Wanda A Sigur director C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Virgin Investments Ltd 10 percent owner LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Craig S Kreeger director C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY 1C, LAS CRUCES NM 88011
Tina W Jonas director C/O PASSUR AEROSPACE, INC, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Swaminathan B. Lyer officer: See Remarks 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Chamath Palihapitiya director, 10 percent owner THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025