Citi Trends (Citi Trends) Effective Interest Rate on Debt % : 0.13% (As of Jan. 2024)

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What is Citi Trends 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. Citi Trends's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.3 Mil. Citi Trends's average total debt for the quarter that ended in Jan. 2024 was $239.0 Mil. Therefore, Citi Trends's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.13%.

Citi Trends Effective Interest Rate on Debt % Historical Data

The historical data trend for Citi Trends'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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Citi Trends Effective Interest Rate on Debt % Chart

Citi Trends Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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0.09

0.42

0.15

0.13

0.12

Citi Trends Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.11	0.11	0.12	0.12	0.13

Competitive Comparison of Citi Trends's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Citi Trends'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.

Citi Trends's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Citi Trends's Effective Interest Rate on Debt % distribution charts can be found below:

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

Citi Trends Effective Interest Rate on Debt % Calculation

Citi Trends's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -0.306	/	( (267.6	+	234.652)	/ 2 )
=	-1 * -0.306	/	251.126
=	0.12 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	214.939	+	52.661
=	267.6

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	188.81	+	45.842
=	234.652

Citi Trends's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.312	/	( (243.367	+	234.652)	/ 2 )
=	-1 * -0.312	/	239.0095
=	0.13 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	196.856	+	46.511
=	243.367

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	188.81	+	45.842
=	234.652

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Citi Trends (NAS:CTRN) Effective Interest Rate on Debt % Explanation

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

Citi Trends Effective Interest Rate on Debt % Related Terms

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Citi Trends (Citi Trends) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Citi Trends Inc (NAS:CTRN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WW2:Germany

Address

104 Coleman Boulevard, Savannah, GA, USA, 31408

Website

https://www.cititrends.com

Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.

Executives

Fund 1 Investments, Llc	10 percent owner	100 CARR 115, UNIT 1900, RINCON PR 00677
Jonathan Duskin	director	MACELLUM CAPITAL MANAGEMENT, LLC, 99 HUDSON STREET, 5TH FLOOR, NEW YORK NY 10013
Pleasant Lake Partners Llc	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Pleasant Lake Onshore Feeder Fund Lp	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Vivek Bhargava	officer: SVP, Supply Chain Operations	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Ivy D Council	officer: SR VP of HR, Chief Compl Offcr	C/O CITI TRENDS, INC., 102 FAHM STREET, SAVANNAH GA 31401
David N. Makuen	director, officer: Chief Executive Officer	C/O FIVE BELOW, INC., 1818 MARKET STREET, SUITE 2000, PHILADELPHIA PA 19103
Heather L Plutino	officer: EVP and CFO	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Brian Carney	director	5555 DARROW RD, HUDSON OH 44236
Laurens Goff	director	C/O CITI TRENDS, INC., 104 COLEMAN BLVD., SAVANNAH GA 31408
Jessica Berkowitz	officer: SVP, Planning and Allocation	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Kenneth Duane Seipel	director	26972 BURBANK, FOOTHILL RANCH CA 92610
Christina M Francis	director	104 COLEMAN BOULEVARD, SAVANNAH GA 31408
Lisa A. Powell	officer: Chief Merchandising Officer	C/O CITI TRENDS, INC., 104 COLEMAN BLVD., SAVANNAH GA 31408
Charles J. Hynes	officer: Senior VP - Supply Chain	CITI TRENDS, INC., 104 COLEMAN BLVD., SAVANNAH GA 31408