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Mativ Holdings (Mativ Holdings) Effective Interest Rate on Debt % : 3.62% (As of Dec. 2023)


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What is Mativ Holdings 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. Mativ Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $54 Mil. Mativ Holdings's average total debt for the quarter that ended in Dec. 2023 was $1,482 Mil. Therefore, Mativ Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.62%.


Mativ Holdings Effective Interest Rate on Debt % Historical Data

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

Mativ Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 5.37 4.28 3.77 4.27

Mativ Holdings 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 3.05 6.01 6.27 3.72 3.62

Competitive Comparison of Mativ Holdings's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Mativ Holdings'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.


Mativ Holdings's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mativ Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Mativ Holdings Effective Interest Rate on Debt % Calculation

Mativ Holdings'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  *  -62.2/( (1742+1169.4)/ 2 )
=-1  *  -62.2/1455.7
=4.27 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1155.3 + 14.1
=1169.4

Mativ Holdings'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  *  -53.6/( (1795.5+1169.4)/ 2 )
=-1  *  -53.6/1482.45
=3.62 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1751.6 + 43.9
=1795.5

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1155.3 + 14.1
=1169.4

* 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.


Mativ Holdings  (NYSE:MATV) Effective Interest Rate on Debt % Explanation

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


Mativ Holdings Effective Interest Rate on Debt % Related Terms

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Mativ Holdings (Mativ Holdings) Business Description

Industry
Traded in Other Exchanges
Address
100 North Point Center East, Suite 600, Alpharetta, GA, USA, 30022
Mativ Holdings Inc is a diversified producer of premium specialty papers and resin-based products. It manufactures and sells paper and reconstituted tobacco products to the tobacco industry as well as specialized paper products. The company operates in two segments namely Advanced Materials and Structures, which manufactures resin-based products used in specialty applications in the filtration, infrastructure and construction, transportation, industrial, and medical end-markets, and Engineered Papers, which produces cigarette papers and reconstituted tobacco products for cigarette and cigar manufacturers, as well as various other non-tobacco paper products.
Executives
Jeffrey Keenan director C/O SCHWEITZER-MAUDUIT INTERNATIONAL, SUITE 600, ALPHARETTA GA 30022
William M Cook director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Mark W Johnson officer: CLO, GC & Secretary 1600 ROYAL STREET, JASPER IN 47546
Gregory Thomas Weitzel officer: CFO 100 NORTH POINT CENTER EAST, SUITE 600, ALPHARETTA GA 30022
Julie Schertell director, officer: President, CEO 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
John Rogers director ONE MIDTOWN PLAZA, 1360 PEACHTREE STREET NE, ATLANTA GA 30309
Anderson Davis Warlick director C/O SCHWEITZER-MAUDUIT INTERNATIONAL, 100 NORTH POINT CENTER EAST, STE 600, ALPHARETTA GA 30022
Shruti Singhal director 4 TESSENEER DRIVE, HIGHLAND HEIGHTS KY 41076
Michael W Rickheim officer: CHRO and CAO 3460 PRESTON RIDGE ROAD, SUITE 600, ALPHARETTA GA 30005
Tony R Thene director ALCOA INC., 201 ISABELLA STREET, PITTSBURGH PA 15212-5858
Cheryl Allegri officer: Controller C/O SWM, 100 NORTH POINT CENTER E, SUITE 600, ALPHARETTA GA 30022
Kimberly E Ritrievi director TETRA TECH, INC, 3475 E. FOOTHILL BLVD., PASADENA CA 91107
Jeffrey Kramer director, officer: Co-CEO C/O SCHWEITZER-MAUDUIT INTERNT'L, INC., SUITE 600, ALPHARETTA GA 30022
Tracey Peacock officer: EVP, AMS C/O SCHWEITZER-MAUDUIT INTERNATIONAL INC, 100 NORTH POINT CENTER EAST, STE 600, ALPHARETTA GA 30022
Mark L Bye director