flyExclusive (flyExclusive) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is flyExclusive 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. flyExclusive's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. flyExclusive's average total debt for the quarter that ended in Sep. 2023 was $367.85 Mil. Therefore, flyExclusive's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

flyExclusive Effective Interest Rate on Debt % Historical Data

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

flyExclusive Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.45

3.51

7.25

flyExclusive Quarterly Data
	Dec20	Dec21	Mar22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.96	-	5.79	-	-

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

For the Airlines subindustry, flyExclusive'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.

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

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

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

flyExclusive Effective Interest Rate on Debt % Calculation

flyExclusive'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 * -22.223	/	( (300.457	+	312.631)	/ 2 )
=	-1 * -22.223	/	306.544
=	7.25 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	263.39	+	37.067
=	300.457

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	234.918	+	77.713
=	312.631

flyExclusive's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (337.229	+	398.469)	/ 2 )
=	-1 * 0	/	367.849
=	0.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	249.418	+	87.811
=	337.229

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	283.287	+	115.182
=	398.469

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

flyExclusive (AMEX:FLYX) Effective Interest Rate on Debt % Explanation

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

flyExclusive Effective Interest Rate on Debt % Related Terms

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flyExclusive (flyExclusive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » flyExclusive Inc (AMEX:FLYX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

2860 Jetport Road, Kinston, NC, USA, 28504

Website

https://www.flyexclusive.com

flyExclusive Inc is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. its mission is to be the world's most vertically integrated private aviation company through capital-efficient program growth, an industry-leading pricing model, optimal dispatch availability, in-house training, and a controlled premium customer experience on modernized aircraft. The company had over 90 aircraft in its owned and leased fleet which includes light, midsize, super-midsize, and large jets. As one of the nation's largest Citation operators, it has curated a versatile fleet of Citation CJ3/CJ3 plus, Citation Excel/XLS/XLS plus, Citation Encore/Encore plus, Citation Sovereign, and Citation X aircraft.

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