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Mayville Engineering Co (Mayville Engineering Co) Effective Interest Rate on Debt % : 7.43% (As of Dec. 2023)


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What is Mayville Engineering Co 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. Mayville Engineering Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $14.2 Mil. Mayville Engineering Co's average total debt for the quarter that ended in Dec. 2023 was $191.6 Mil. Therefore, Mayville Engineering Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.43%.


Mayville Engineering Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Mayville Engineering Co'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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Mayville Engineering Co Effective Interest Rate on Debt % Chart

Mayville Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.22 4.31 3.46 3.82 7.65

Mayville Engineering Co 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 4.46 5.87 4.77 7.54 7.43

Competitive Comparison of Mayville Engineering Co's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Mayville Engineering Co'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.


Mayville Engineering Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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



Mayville Engineering Co Effective Interest Rate on Debt % Calculation

Mayville Engineering Co'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  *  -11.092/( (108.984+181.163)/ 2 )
=-1  *  -11.092/145.0735
=7.65 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.127 + 4.857
=108.984

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=176.099 + 5.064
=181.163

Mayville Engineering Co'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  *  -14.236/( (202.041+181.163)/ 2 )
=-1  *  -14.236/191.602
=7.43 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=196.962 + 5.079
=202.041

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=176.099 + 5.064
=181.163

* 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.


Mayville Engineering Co  (NYSE:MEC) Effective Interest Rate on Debt % Explanation

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


Mayville Engineering Co Effective Interest Rate on Debt % Related Terms

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Mayville Engineering Co (Mayville Engineering Co) Business Description

Traded in Other Exchanges
Address
715 South Street, Mayville, WI, USA, 53050
Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services.
Executives
Steven L Fisher director 100 N.E. ADAMS STREET, PEORIA IL 61629
Jagadeesh A Reddy director, officer: President & CEO 715 SOUTH STREET, MAYVILLE WI 53050
Allen J Carlson director 1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Robert L Mccormick director C/O DOUGLAS DYNAMICS, INC., 7777 NORTH 73RD STREET, MILWAUKEE WI 53233
Timothy L Christen director, other: Chair of the Board 715 SOUTH STREET, MAYVILLE WI 53050
Jennifer J. Kent director QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089-3995
Jay O. Rothman director C/O QUAD/GRAPHICS, INC., N61 W23044 HARRY'S WAY, SUSSEX WI 53089
Patrick D Michels director 715 SOUTH STREET, MAYVILLE WI 53050
Rachele Marie Lehr officer: Chief Human Resources Officer 12301 W WIRTH ST, WAUWATOSA WI 53222
Sean P Leuba officer: SVP, Corp. Development & GC 715 SOUTH STREET, MAYVILLE WI 53050
Todd M Butz officer: Chief Financial Officer 715 SOUTH STREET, MAYVILLE WI 53050
Robert D Kamphuis director, officer: Chairman, Pres. & CEO 715 SOUTH STREET, MAYVILLE WI 53050
Craig E Johnson director 715 SOUTH STREET, MAYVILLE WI 53050
Eric J Welak officer: EVP - Fabrication 715 SOUTH STREET, MAYVILLE WI 53050
St. Peter John A director 715 SOUTH STREET, MAYVILLE WI 53050