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Werner Enterprises (Werner Enterprises) Effective Interest Rate on Debt % : 5.21% (As of Dec. 2023)


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What is Werner Enterprises 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. Werner Enterprises's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $35 Mil. Werner Enterprises's average total debt for the quarter that ended in Dec. 2023 was $677 Mil. Therefore, Werner Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.21%.


Werner Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for Werner Enterprises'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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Werner Enterprises Effective Interest Rate on Debt % Chart

Werner Enterprises 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 3.23 1.69 1.41 2.11 5.00

Werner Enterprises 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 3.68 4.57 4.85 5.11 5.21

Competitive Comparison of Werner Enterprises's Effective Interest Rate on Debt %

For the Trucking subindustry, Werner Enterprises'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.


Werner Enterprises's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Werner Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

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



Werner Enterprises Effective Interest Rate on Debt % Calculation

Werner Enterprises'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  *  -33.535/( (693.75+648.75)/ 2 )
=-1  *  -33.535/671.25
=5.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=687.5 + 6.25
=693.75

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=646.25 + 2.5
=648.75

Werner Enterprises'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  *  -35.276/( (704.659+648.75)/ 2 )
=-1  *  -35.276/676.7045
=5.21 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=686.25 + 18.409
=704.659

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=646.25 + 2.5
=648.75

* 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.


Werner Enterprises  (NAS:WERN) Effective Interest Rate on Debt % Explanation

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


Werner Enterprises Effective Interest Rate on Debt % Related Terms

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Werner Enterprises (Werner Enterprises) Business Description

Industry
Traded in Other Exchanges
Address
14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308
Werner Enterprises Inc ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. The company has two reportable segments - TTS and Werner Logistics. It derives about 80% of its top line from a wide array of full-truckload shipping services (including dedicated contract carriage; roughly 20% comes from non-asset based logistics operations, including truck brokerage.
Executives
Michelle D. Greene director 1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Christopher D Wikoff officer: Exec VP - Treasurer & CFO P.O. BOX 45308, OMAHA NE 68145
Eric J Downing officer: Exec VP and COO P.O. BOX 45308, OMAHA NE 68145
Carmen A Tapio director P.O. BOX 45308, OMAHA NE 68145
Michelle Dye Livingstone director P.O. BOX 45308, OMAHA NE 68145
Scott C Arves director SCHNEIDER NATIONAL, INC., P.O. BOX 2545, GREEN BAY WI 54306
Alexi Wellman director ALTABA, 140 E 45TH STREET, 15TH FLOOR, SUITE 15A, NEW YORK NY 10017
Vikram Mansharamani director P.O. BOX 45308, OMAHA NE 68145
Jim S Schelbe officer: Vice President - Sales C/O WERNER ENTERPRISES INC, PO BO X45308, OMAHA NE 68415-0308
H Marty Nordlund officer: Senior VP-Specialized Services PO BOX 45308, OMAHA NE 68145-0308
Derek J Leathers officer: Senior VP - Van PO BOX 45308, OMAHA NE 68145-0308
Craig T Callahan officer: VP Logistics & Corporate Sales P.O. BOX 45308, OMAHA NE 68145
Clarence L Werner director, 10 percent owner, officer: Chief Executive Officer PO BOX 45308, OMAHA NE 68145
Daragh P Mahon officer: Executive Vice President & CIO P.O. BOX 45308, OMAHA NE 68145
James Lynn Johnson officer: Vice President - Controller PO BOX 45308, OMAHA NE 68145-0308