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Columbus McKinnon (Columbus McKinnon) Effective Interest Rate on Debt % : 7.14% (As of Dec. 2023)


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What is Columbus McKinnon 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. Columbus McKinnon's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $40 Mil. Columbus McKinnon's average total debt for the quarter that ended in Dec. 2023 was $557 Mil. Therefore, Columbus McKinnon's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.14%.


Columbus McKinnon Effective Interest Rate on Debt % Historical Data

The historical data trend for Columbus McKinnon'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.

Columbus McKinnon Effective Interest Rate on Debt % Chart

Columbus McKinnon Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.17 4.82 4.21 4.87 5.23

Columbus McKinnon 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 6.00 6.09 6.24 7.14 7.14

Competitive Comparison of Columbus McKinnon's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Columbus McKinnon'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.


Columbus McKinnon's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Columbus McKinnon's Effective Interest Rate on Debt % distribution charts can be found below:

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



Columbus McKinnon Effective Interest Rate on Debt % Calculation

Columbus McKinnon's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -27.942/( (542.902+526.082)/ 2 )
=-1  *  -27.942/534.492
=5.23 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=494.386 + 48.516
=542.902

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477.512 + 48.57
=526.082

Columbus McKinnon'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  *  -39.808/( (564.841+550.04)/ 2 )
=-1  *  -39.808/557.4405
=7.14 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=514.205 + 50.636
=564.841

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=499.388 + 50.652
=550.04

* 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.


Columbus McKinnon  (NAS:CMCO) Effective Interest Rate on Debt % Explanation

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


Columbus McKinnon Effective Interest Rate on Debt % Related Terms

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Columbus McKinnon (Columbus McKinnon) Business Description

Traded in Other Exchanges
Address
205 Crosspoint Parkway, Buffalo, NY, USA, 14068
Columbus McKinnon Corp is a designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services, that efficiently and ergonomically move, lift, position and secure materials. Its key products include hoists, crane components, precision conveyors, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The company's targeted market verticals include general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.
Executives
Rebecca Yeung director 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Jon Adams officer: Interim VP Crane Solutions 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Kurt F Wozniak officer: VP - Latin America 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Gerard G Colella director 6 SHATTUCK RD, ANDOVER MA 01810
Chad R Abraham director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Mark R Paradowski officer: VP - Information Services 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Alan S Korman officer: VP, Gen'l Counsel & Secretary 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Gregory P Rustowicz officer: VP - Finance and CFO 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Peter M Mccormick officer: VP-CraneSolutions 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Adrienne Williams officer: Vice President & CHRO 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Terry Schadeberg officer: President Dorner Mfg. Corp. 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Michael Dastoor director C/O JABIL CIRCUIT, INC., 10560 DR. MARTIN LUTHER KING, JR. ST. N., ST. PETERSBURG FL 33716-3718
Mario Y. Ramos officer: VP Global Product Development 205 CROSSPOINT PARKWAY, GETZVILLE NY 14068
Jeanne Beliveau-dunn director C/O XYLEM INC., 1 INTERNATIONAL DRIVE, RYE BROOK NY 10573
David J. Wilson director, officer: President & CEO 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277

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