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GXO Logistics (GXO Logistics) Effective Interest Rate on Debt % : 2.35% (As of Mar. 2024)


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What is GXO Logistics 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. GXO Logistics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $96 Mil. GXO Logistics's average total debt for the quarter that ended in Mar. 2024 was $4,078 Mil. Therefore, GXO Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.35%.

GXO Logistics Effective Interest Rate on Debt % Historical Data

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

GXO Logistics Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.55 1.13 0.86 0.83 1.28

GXO Logistics Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.29 1.36 1.39 1.19 2.35

Competitive Comparison of GXO Logistics's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, GXO Logistics'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.

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

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

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


GXO Logistics Effective Interest Rate on Debt % Calculation

GXO Logistics'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  *  -53/( (4219+4086)/ 2 )
=-1  *  -53/4152.5
=1.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3592 + 627
=4219

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3462 + 624
=4086

GXO Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -96/( (4086+4070)/ 2 )
=-1  *  -96/4078
=2.35 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3462 + 624
=4086

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3347 + 723
=4070

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

GXO Logistics  (NYSE:GXO) Effective Interest Rate on Debt % Explanation

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

GXO Logistics Effective Interest Rate on Debt % Related Terms

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GXO Logistics (GXO Logistics) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GXO Logistics Inc (NYSE:GXO) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
GXO:Mexico 93N:Germany
Address
Two American Lane, Greenwich, CT, USA, 06831
Website
https://www.gxo.com
GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it derives a majority of revenue from the United Kingdom.
Executives
Gena L Ashe director C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Matthew J. Fassler director TWO AMERICAN LANE, GREENWICH CT 06831
Malcolm Wilson director, officer: Chief Executive Officer TWO AMERICAN LANE, GREENWICH CT 06831
S Jacobs Bradley director C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831
Jacobs Private Equity, Llc director, 10 percent owner 350 ROUND HILL ROAD, GREENWICH CT 06831
Karlis Kirsis officer: Chief Legal Officer TWO AMERICAN LANE, GREENWICH CT 06831
Elizabeth Fogarty officer: Chief Communications Officer TWO AMERICAN LANE, GREENWICH CT 06831
Jason D Papastavrou director C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Oren Shaffer director C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Marlene M Colucci director C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Maryclaire Hammond officer: Chief Human Resources Officer TWO AMERICAN LANE, GREENWICH CT 06831
Joli L. Gross director TWO AMERICAN LANE, GREENWICH CT 06831
Paul Blanchett officer: Chief Accounting Officer TWO AMERICAN LANE, GREENWICH CT 06831
Clare Chatfield director TWO AMERICAN LANE, GREENWICH CT 06831
Xpo Logistics, Inc. 10 percent owner FIVE AMERICAN LANE, GREENWICH CT 06831