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Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Effective Interest Rate on Debt % : 5.03% (As of Dec. 2023)


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What is Knight-Swift Transportation Holdings 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. Knight-Swift Transportation Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $161 Mil. Knight-Swift Transportation Holdings's average total debt for the quarter that ended in Dec. 2023 was $3,208 Mil. Therefore, Knight-Swift Transportation Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.03%.


Knight-Swift Transportation Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Knight-Swift Transportation Holdings'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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Knight-Swift Transportation Holdings Effective Interest Rate on Debt % Chart

Knight-Swift Transportation Holdings 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 2.91 1.81 1.38 2.35 4.81

Knight-Swift Transportation Holdings 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 4.52 4.41 5.59 5.03 5.16

Competitive Comparison of Knight-Swift Transportation Holdings's Effective Interest Rate on Debt %

For the Trucking subindustry, Knight-Swift Transportation Holdings'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.


Knight-Swift Transportation Holdings's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Knight-Swift Transportation Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Knight-Swift Transportation Holdings's Effective Interest Rate on Debt % falls into.



Knight-Swift Transportation Holdings Effective Interest Rate on Debt % Calculation

Knight-Swift Transportation Holdings'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  *  -127.1/( (2089.025+3199.766)/ 2 )
=-1  *  -127.1/2644.3955
=4.81 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1980.598 + 108.427
=2089.025

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2595.086 + 604.68
=3199.766

Knight-Swift Transportation Holdings'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  *  -161.204/( (3215.989+3199.766)/ 2 )
=-1  *  -161.204/3207.8775
=5.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2638.583 + 577.406
=3215.989

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2595.086 + 604.68
=3199.766

* 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.


Knight-Swift Transportation Holdings  (NYSE:KNX) Effective Interest Rate on Debt % Explanation

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


Knight-Swift Transportation Holdings Effective Interest Rate on Debt % Related Terms

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Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Business Description

Traded in Other Exchanges
Address
2002 West Wahalla Lane, Phoenix, AZ, USA, 85027
Knight-Swift is the largest truckload, or TL, carrier in the U.S., with a diversified transportation offering. Pro forma for the U.S. Xpress deal, 74% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 63% and LTL at 11%. Truck brokerage and other asset-light logistics services make up 14% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue (6%) reflects services offered to shippers and third-party truckers including insurance, equipment maintenance, and equipment leasing.
Executives
Timothy Sean Harrington officer: Exec. Vice Pres. Sales 2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
James L Fitzsimmons officer: Exec. Vice Pres. Operations 2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Cary M Flanagan officer: Controller SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Amy Boerger director 2002 W WAHALLA LANE, PHOENIX AZ 85027
Kevin P Knight director, officer: Executive Chairman 5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Joshua Smith officer: CFO, US Xpress Inc. 2002 W WAHALLA LANE, PHOENIX AZ 85027
Dustin Ohlman officer: VP Intermodal 2200 S 75TH AVE, PHOENIX AZ 85043
Reed Stultz officer: SR VP Logistics 2002 W WAHALLA LANE, PHOENIX AZ 85027
Michael K Liu officer: Exec VP of Ops, Knight Trans 5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Kathryn L Munro director 200 N WASHINGTON SQUARE, LANSING MI 48933
Jessica Powell director 2002 W WAHALLA, PHOENIX AZ 85027
Updike James E. Jr. officer: EVP Sales & Mkt, Knight Trans. 5601 WEST BUCKEYE ROAD, PHOENIX AZ 85043
Louis Hobson director 2002 W WAHALLA LANE, PHOENIX AZ 85027
Gary J Knight director, officer: Vice Chairman 2200 NORTH 75TH AVENUE, PHOENIX AZ 85027
Reid Dove director 20002 NORTH 19TH AVENUE, PHOENIX AZ 85027

Knight-Swift Transportation Holdings (Knight-Swift Transportation Holdings) Headlines