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Element Fleet Management (TSX:EFN) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)


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What is Element Fleet Management 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. Element Fleet Management's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was C$0 Mil. Element Fleet Management's average total debt for the quarter that ended in Sep. 2024 was C$11,679 Mil. Therefore, Element Fleet Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.00%.


Element Fleet Management Effective Interest Rate on Debt % Historical Data

The historical data trend for Element Fleet Management'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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Element Fleet Management Effective Interest Rate on Debt % Chart

Element Fleet Management 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 0.10 0.06 0.04 0.04 0.04

Element Fleet Management Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.04 0.04 0.04 0.03 -

Competitive Comparison of Element Fleet Management's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Element Fleet Management'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.


Element Fleet Management's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Element Fleet Management's Effective Interest Rate on Debt % distribution charts can be found below:

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



Element Fleet Management Effective Interest Rate on Debt % Calculation

Element Fleet Management'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  *  -4.147/( (9026.365+10893.946)/ 2 )
=-1  *  -4.147/9960.1555
=0.04 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8638.96 + 387.405
=9026.365

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10893.946 + 0
=10893.946

Element Fleet Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  0/( (11946.635+11411.962)/ 2 )
=-1  *  0/11679.2985
=0.00 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11946.635 + 0
=11946.635

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11411.962 + 0
=11411.962

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


Element Fleet Management  (TSX:EFN) Effective Interest Rate on Debt % Explanation

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


Element Fleet Management Effective Interest Rate on Debt % Related Terms

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Element Fleet Management Business Description

Traded in Other Exchanges
Address
161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1
Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in the U.S., Canada, Mexico, Australia, and New Zealand.
Executives
Carlos David Madrigal Gonzalez Senior Officer
James Halliday Senior Officer
Frank Ruperto Senior Officer
David Colman Senior Officer
Laura Lee Dottori-attanasio Senior Officer
William Sutherland Senior Officer
Christopher Michael Wyndham Gittens Senior Officer
Yu Xiang Jin Senior Officer
Jacqueline Angela Thomson Mcgillivray Senior Officer
George Keith Graham Director
Jay A. Forbes Director, Senior Officer
Virginia Claire Addicott Director
Vito Culmone Senior Officer
Andrea Sarah Rosen Director
Thomas Jordan Peterson Senior Officer

Element Fleet Management Headlines

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