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JB Hunt Transport Services (JB Hunt Transport Services) Effective Interest Rate on Debt % : 4.25% (As of Mar. 2024)


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What is JB Hunt Transport Services 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. JB Hunt Transport Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $63 Mil. JB Hunt Transport Services's average total debt for the quarter that ended in Mar. 2024 was $1,471 Mil. Therefore, JB Hunt Transport Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.25%.


JB Hunt Transport Services Effective Interest Rate on Debt % Historical Data

The historical data trend for JB Hunt Transport Services'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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JB Hunt Transport Services Effective Interest Rate on Debt % Chart

JB Hunt Transport Services 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 4.47 3.66 3.55 4.00 4.65

JB Hunt Transport Services 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 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 4.73 4.35 3.48 6.34 4.25

Competitive Comparison of JB Hunt Transport Services's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, JB Hunt Transport Services'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.


JB Hunt Transport Services's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, JB Hunt Transport Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where JB Hunt Transport Services's Effective Interest Rate on Debt % falls into.



JB Hunt Transport Services Effective Interest Rate on Debt % Calculation

JB Hunt Transport Services'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  *  -65.933/( (1261.738+1576.068)/ 2 )
=-1  *  -65.933/1418.903
=4.65 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1261.738 + 0
=1261.738

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1326.107 + 249.961
=1576.068

JB Hunt Transport Services'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  *  -62.596/( (1576.068+1366.506)/ 2 )
=-1  *  -62.596/1471.287
=4.25 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1326.107 + 249.961
=1576.068

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1366.506 + 0
=1366.506

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


JB Hunt Transport Services  (NAS:JBHT) Effective Interest Rate on Debt % Explanation

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


JB Hunt Transport Services Effective Interest Rate on Debt % Related Terms

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JB Hunt Transport Services (JB Hunt Transport Services) Business Description

Traded in Other Exchanges
Address
615 J.B. Hunt Corporate Drive, P.O. Box 130, Lowell, AR, USA, 72745-0130
J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023); dedicated trucking services that provide customer-specific fleet needs (28%); for-hire truckload (6%); heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).
Executives
James K Thompson director, officer: President and Chief Executive 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Shelley Simpson other: President, ICS 615 JB HUNT CORPORATE DRIVE, LOWELL AR 72745
Spencer Frazier officer: EVP of Sales and Marketing 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Eric Mcgee officer: EVP Highway Services 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Darren P. Field officer: EVP Intermodal 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
David Keefauver officer: EVP of DCS 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Bradley W. Hicks officer: EVP Dedicated 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Nicholas Hobbs officer: EVP/President DCS PO BOX 130, 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Stuart Lockard Scott other: EVP/CIO 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
John Kuhlow other: VP/Controller 615 JB HUNT CORPORATE DRIVE, LOWELL AR 72745
Persio V Lisboa director C/O NAVISTAR INTERNATIONAL CORPORATION, 2701 NAVISTAR DRIVE, LISLE IL 60532
Alfred C Harper other: EVP and Chief Operations Offic 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Sharilyn S Gasaway director ONE ALLIED DRIVE, LITTLE ROCK AR 72202
Brian Webb officer: EVP- Final Mile Services 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745
Jennifer Boattini officer: See Remarks 615 J.B. HUNT CORPORATE DRIVE, LOWELL AR 72745