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MasterBrand (MasterBrand) Effective Interest Rate on Debt % : 7.32% (As of Mar. 2024)


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What is MasterBrand 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. MasterBrand's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $56 Mil. MasterBrand's average total debt for the quarter that ended in Mar. 2024 was $770 Mil. Therefore, MasterBrand's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.32%.


MasterBrand Effective Interest Rate on Debt % Historical Data

The historical data trend for MasterBrand'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.

* Premium members only.

MasterBrand Effective Interest Rate on Debt % Chart

MasterBrand Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - - 0.40 7.23

MasterBrand Quarterly Data
Dec19 Dec20 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 6.83 7.31 7.42 7.94 7.32

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

For the Furnishings, Fixtures & Appliances subindustry, MasterBrand'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.


MasterBrand's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, MasterBrand's Effective Interest Rate on Debt % distribution charts can be found below:

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



MasterBrand Effective Interest Rate on Debt % Calculation

MasterBrand'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  *  -65.2/( (1033.6+770.2)/ 2 )
=-1  *  -65.2/901.9
=7.23 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1002.2 + 31.4
=1033.6

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=736.5 + 33.7
=770.2

MasterBrand'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  *  -56.4/( (770.2+770.1)/ 2 )
=-1  *  -56.4/770.15
=7.32 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=736.5 + 33.7
=770.2

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=726.9 + 43.2
=770.1

* 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.


MasterBrand  (NYSE:MBC) Effective Interest Rate on Debt % Explanation

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


MasterBrand Effective Interest Rate on Debt % Related Terms

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MasterBrand (MasterBrand) Business Description

Traded in Other Exchanges
Address
One MasterBrand Cabinets Drive, Jasper, IN, USA, 47546
MasterBrand Inc operates as a residential cabinet manufacturer in North America. It offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom, and other parts of the home. The firm sells its products throughout the United States and Canada through three primary channels: dealers, retailers, and builders.
Executives
Kurt Wanninger officer: EVP & Chief Operations Officer C/O NORCRAFT COMPANIES, INC., 3020 DENMARK AVENUE, SUITE 100, EAGAN MN 55121
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
David D Petratis director 1415 ROSELLE ROAD, PALATINE IL 60067
Ann F Hackett director
Juliana L Chugg director 1200 WILLOW LAKE BOULEVARD, PO BOX 64683, ST PAUL MN 55164-0683
Mark A. Young officer: VP, Chief Accounting Officer 701 LIMA AVENUE, FINDLAY OH 45840
Andrean Horton officer: EVP, CLO & Secretary 3637 RIDGEWOOD RD, FAIRLAWN X1 44333
Jeffery S. Perry director 520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Bruce Alan Kendrick officer: EVP & Chief HR Officer 520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Van Doren Martin Scott officer: EVP, Sales 520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Andrea Helen Simon officer: EVP & CFO 520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Navneet Grewal officer: EVP, Chief Digital & Tech Off. 520 LAKE COOK ROAD, SUITE 300, DEERFIELD IL 60015
Robert Crisci director C/O ROPER TECHNOLOGIES, INC., 6901 PROFESSIONAL PARKWAY, SARASOTA FL 34240
Patrick D Hallinan director FORTUNE BRANDS HOME & SECURITY, INC., 520 LAKE COOK ROAD, DEERFIELD IL 60015