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Valvoline (Valvoline) Effective Interest Rate on Debt % : 2.97% (As of Dec. 2023)


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What is Valvoline 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. Valvoline's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $54 Mil. Valvoline's average total debt for the quarter that ended in Dec. 2023 was $1,834 Mil. Therefore, Valvoline's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.97%.


Valvoline Effective Interest Rate on Debt % Historical Data

The historical data trend for Valvoline'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.

Valvoline Effective Interest Rate on Debt % Chart

Valvoline 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 5.48 5.21 5.47 3.67 2.04

Valvoline 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 3.71 2.69 - 2.38 2.97

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

For the Oil & Gas Refining & Marketing subindustry, Valvoline'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.


Valvoline's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Valvoline's Effective Interest Rate on Debt % distribution charts can be found below:

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



Valvoline Effective Interest Rate on Debt % Calculation

Valvoline'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  *  -38.3/( (1916.8+1833.4)/ 2 )
=-1  *  -38.3/1875.1
=2.04 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1754.3 + 162.5
=1916.8

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1809.6 + 23.8
=1833.4

Valvoline'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  *  -54.4/( (1833.4+1834.5)/ 2 )
=-1  *  -54.4/1833.95
=2.97 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1809.6 + 23.8
=1833.4

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1810.7 + 23.8
=1834.5

* 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.


Valvoline  (NYSE:VVV) Effective Interest Rate on Debt % Explanation

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


Valvoline Effective Interest Rate on Debt % Related Terms

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Valvoline (Valvoline) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Valvoline Inc (NYSE:VVV) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
100 Valvoline Way, Suite 100, Lexington, KY, USA, 40509
Valvoline Inc produces, markets, and sells automotive maintenance products, particularly lubricants, to retail outlets installers, and customers. The company offers various products such as engine oil, heavy-duty engine oil, motorcycle oil, grease and brake fluid, and others. Geographically, the majority of the revenue is generated from the United States of America.
Executives
Julie Marie O'daniel officer: Gen Counsel, Corp Secy and SVP 3499 BLAZER PARKWAY, LEXINGTON KY 40509
Robert Travis Dobbins officer: SVP & Chief Technology Officer 100 VALVOLINE WAY, LEXINGTON KY 40509
Linne Fulcher officer: Chief Operating Officer 100 VALVOLINE WAY, SUITE 100, LEXINGTON KY 40509-2714
Richard Joseph Freeland director 927 JUNCO DRIVE, COLUMBUS IN 47201
Lori Ann Flees officer: SVP and Pres., Retail Services 100 VALVOLINE WAY, LEXINGTON KY 40509
Mary E Meixelsperger officer: Chief Financial Officer 810 DSW DRIVE, COLUMBUS OH 43219
Vada O Manager director NIKE, INC, ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Patrick Pacious director 1 CHOICE HOTELS CIRCLE, ROCKVILLE MD 20850
Heidi J. Matheys officer: Chief Marketing Officer 3499 BLAZER PARKWAY, LEXINGTON KY 40509
Dione Sturgeon officer: Chief Accounting Officer 100 VALVOLINE WAY, LEXINGTON KY 40509
Michael S. Ryan officer: Chief Accounting Officer 1000 EAST HANES MILL ROAD, WINSTON SALEM NC 27105
Gerrald Thomas A. Ii officer: Senior Vice President 3499 BLAZER PARKWAY, LEXINGTON KY 40509
Jennifer Lynn Slater director 5757 N GREEN BAY AVENUE FLORIST, TOWER MILWAUKEE WI 53209
Jamal K Muashsher officer: SVP, International 100 VALVOLINE WAY, LEXINGTON KY 40509
Anthony R. Puckett officer: President, Quick Lubes 3499 BLAZER PARKWAY, LEXINGTON KY 40509