LCI Industries (STU:0DI) Effective Interest Rate on Debt % : 3.37% (As of Mar. 2024)

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What is LCI Industries 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. LCI Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €34 Mil. LCI Industries's average total debt for the quarter that ended in Mar. 2024 was €1,018 Mil. Therefore, LCI Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.37%.

LCI Industries Effective Interest Rate on Debt % Historical Data

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

LCI Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.73

1.63

1.45

2.00

3.20

LCI Industries 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															3.04	3.21	3.54	3.31	3.37

Competitive Comparison of LCI Industries's Effective Interest Rate on Debt %

For the Recreational Vehicles subindustry, LCI Industries'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.

LCI Industries's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

LCI Industries Effective Interest Rate on Debt % Calculation

LCI Industries'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 * -37.069	/	( (1299.793	+	1014.543)	/ 2 )
=	-1 * -37.069	/	1157.168
=	3.20 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1244.538	+	55.255
=	1299.793

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	980.744	+	33.799
=	1014.543

LCI Industries'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 * -34.3	/	( (1014.543	+	1022.028)	/ 2 )
=	-1 * -34.3	/	1018.2855
=	3.37 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	980.744	+	33.799
=	1014.543

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	987.169	+	34.859
=	1022.028

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.

LCI Industries (STU:0DI) Effective Interest Rate on Debt % Explanation

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

LCI Industries Effective Interest Rate on Debt % Related Terms

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LCI Industries (STU:0DI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LCI Industries Inc (STU:0DI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LCII:USA 0DI:Germany

Address

3501 County Road 6 East, Elkhart, IN, USA, 46514

Website

https://www.lci1.com

LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.

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