MDA Space (TSX:MDA) Effective Interest Rate on Debt % : 4.46% (As of Mar. 2024)

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What is MDA Space 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. MDA Space's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$24.4 Mil. MDA Space's average total debt for the quarter that ended in Mar. 2024 was C$547.7 Mil. Therefore, MDA Space's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.46%.

MDA Space Effective Interest Rate on Debt % Historical Data

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

MDA Space Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

8.70

16.78

2.21

MDA Space Quarterly Data
	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											3.80	3.16	3.38	1.82	4.46

Competitive Comparison of MDA Space's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, MDA Space'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.

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

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

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

MDA Space Effective Interest Rate on Debt % Calculation

MDA Space'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 * -8.6	/	( (251.9	+	525)	/ 2 )
=	-1 * -8.6	/	388.45
=	2.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	245.2	+	6.7
=	251.9

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	514.1	+	10.9
=	525

MDA Space'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 * -24.4	/	( (525	+	570.3)	/ 2 )
=	-1 * -24.4	/	547.65
=	4.46 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	514.1	+	10.9
=	525

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	558.3	+	12
=	570.3

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.

MDA Space (TSX:MDA) Effective Interest Rate on Debt % Explanation

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

MDA Space Effective Interest Rate on Debt % Related Terms

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MDA Space (TSX:MDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » MDA Space Ltd (TSX:MDA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MDALF:USA

Address

9445 Airport Road, Brampton, ON, CAN, L6S 4J3

Website

https://www.mda.space

MDA Ltd is a developer and manufacturer of advanced technology and services to the burgeoning global space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. Geographically it serves the United States, Europe, Asia, the Middle East, and Others whilst generating key revenue from domestic sales in Canada.

Executives

John Carter Risley

Director

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