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Atkore (Atkore) Effective Interest Rate on Debt % : 3.47% (As of Dec. 2023)


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What is Atkore 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. Atkore's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $31 Mil. Atkore's average total debt for the quarter that ended in Dec. 2023 was $897 Mil. Therefore, Atkore's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.47%.


Atkore Effective Interest Rate on Debt % Historical Data

The historical data trend for Atkore'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.

* Premium members only.

Atkore Effective Interest Rate on Debt % Chart

Atkore Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.77 4.74 4.00 3.76 4.10

Atkore 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 4.56 4.01 4.05 3.94 3.47

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

For the Electrical Equipment & Parts subindustry, Atkore'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.


Atkore's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atkore's Effective Interest Rate on Debt % distribution charts can be found below:

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



Atkore Effective Interest Rate on Debt % Calculation

Atkore's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -35.232/( (832.301+884.434)/ 2 )
=-1  *  -35.232/858.3675
=4.10 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=818.512 + 13.789
=832.301

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=868.204 + 16.23
=884.434

Atkore'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  *  -31.172/( (884.434+910.158)/ 2 )
=-1  *  -31.172/897.296
=3.47 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=868.204 + 16.23
=884.434

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=892.275 + 17.883
=910.158

* 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.


Atkore  (NYSE:ATKR) Effective Interest Rate on Debt % Explanation

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


Atkore Effective Interest Rate on Debt % Related Terms

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Atkore (Atkore) Business Description

Industry
Traded in Other Exchanges
Address
16100 South Lathrop Avenue, Harvey, IL, USA, 60426
Atkore Inc is a diversified industrials company and a manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets.
Executives
Waltz William E Jr. officer: President, Conduit & Fittings 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark F. Lamps officer: Pres. Mech. Prods. & Solutions 16100 S. LATHROP AVENUE, HARVEY IL 60426
Leangela W. Lowe officer: VP, Global Human Resources 16100 S. LATHROP AVENUE, HARVEY IL 60426
Scott H Muse director C/O RICHARD W DAVIES HUBBELL INC, 684 DERBY MILFORD RD, ORANGE CT 06477
A Mark Zeffiro director 2600 W. BIG BEAVER ROAD, SUITE 555, TROY MI 48084
David Paul Johnson officer: Vice President and CFO 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Justin A Kershaw director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
James Wilbert W Jr director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Daniel S Kelly officer: VP, General Counsel and Sec. 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Barbara Joanne Edwards director 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
John W Pregenzer officer: President, Electrical 16100 S LATHROP AVENUE, HARVEY IL 60426
William Vanarsdale director 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Peter J Lariviere officer: President, Cable Solutions 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Michael J Schulte officer: Pres, Mech. Prods. & Solutions 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
John Patrick Williamson officer: President and CEO 16100 SOUTH LATHROP AVENUE, HARVEY IL 60426