Foot Locker (Foot Locker) Effective Interest Rate on Debt % : 0.27% (As of Jan. 2024)

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What is Foot Locker 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. Foot Locker's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $8 Mil. Foot Locker's average total debt for the quarter that ended in Jan. 2024 was $2,939 Mil. Therefore, Foot Locker's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.27%.

Foot Locker Effective Interest Rate on Debt % Historical Data

The historical data trend for Foot Locker'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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Foot Locker Effective Interest Rate on Debt % Chart

Foot Locker Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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0.58

0.22

0.43

0.45

0.29

Foot Locker 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															0.25	0.13	0.52	0.27	0.27

Competitive Comparison of Foot Locker's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Foot Locker'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.

Foot Locker's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

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

Foot Locker Effective Interest Rate on Debt % Calculation

Foot Locker'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 * -9	/	( (3226	+	2943)	/ 2 )
=	-1 * -9	/	3084.5
=	0.29 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2676	+	550
=	3226

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2446	+	497
=	2943

Foot Locker'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 * -8	/	( (2934	+	2943)	/ 2 )
=	-1 * -8	/	2938.5
=	0.27 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2437	+	497
=	2934

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2446	+	497
=	2943

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.

Foot Locker (NYSE:FL) Effective Interest Rate on Debt % Explanation

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

Foot Locker Effective Interest Rate on Debt % Related Terms

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Foot Locker (Foot Locker) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Foot Locker Inc (NYSE:FL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FL:Mexico WOO:Germany FOOT:Austria

Address

330 West 34th Street, New York, NY, USA, 10001

Website

http://www.footlocker-inc.com

Foot Locker Inc operates thousands of retail stores throughout the United States, Canada, Europe, Australia, and New Zealand. It also has one franchisee in the Middle East and one in South Korea, each of which operates multiple stores in those regions. The company mainly sells athletically inspired shoes and apparel. Foot Locker's merchandise comes from only a few suppliers, with Nike providing the majority. Store names include Foot Locker, Champs, and Runners Point. The company also has an e-commerce business selling through Footlocker.com, Eastbay, and Final-Score.

Executives

Mary N Dillon	director, officer: President & CEO	ULTA BEAUTY, INC., 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440
Jennifer Kraft	officer: EVP and General Counsel	C/O FOOT LOCKER, INC., NEW YORK NY 10001
Michael Baughn	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 140 FOUNTAIN PARKWAY, ST. PETERSBURG FL 33716
Robert Higginbotham	officer: Interim CFO	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
John A Maurer	officer: VP, Treasurer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Giovanna Cipriano	officer: SVP & Chief Accounting Officer	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Todd Greener	officer: SVP, Global Supply Chain	330 WEST 34TH STREET, NEW YORK NY 10001
Richard A Johnson	director, officer: President & CEO	FOOT LOCKER, INC., 112 WEST 34TH STREET, NEW YORK NY 10120
Rosalind Reeves	officer: EVP, Chief HR Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Elliott Rodgers	officer: EVP, Chief Operations Officer	C/O LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Vesa Equity Investment S.a R.l.	10 percent owner	2, PLACE DE PARIS, LUXEMBOURG N4 L-2314
Nitin Neil Bansal	officer: EVP,Chief Strat&Transform Off	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Andrew E Page	officer: EVP & Chief Financial Officer	C/O FOOT LOCKER, INC., 330 WEST 34TH STREET, NEW YORK NY 10001
Samantha Lomow	officer: President, Global Brands	2400 WEST CENTRAL ROAD, HOFFMAN ESTATES IL 60192
Virginia Drosos	director	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11