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Mesa Air Group (Mesa Air Group) Effective Interest Rate on Debt % : 9.70% (As of Sep. 2023)


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What is Mesa Air Group 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. Mesa Air Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $54.4 Mil. Mesa Air Group's average total debt for the quarter that ended in Sep. 2023 was $560.9 Mil. Therefore, Mesa Air Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 9.70%.


Mesa Air Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Mesa Air Group'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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Mesa Air Group Effective Interest Rate on Debt % Chart

Mesa Air Group Annual Data
Trend Sep07 Sep08 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.34 5.25 4.44 5.18 8.49

Mesa Air Group 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 6.75 7.86 7.98 9.70 8.72

Competitive Comparison of Mesa Air Group's Effective Interest Rate on Debt %

For the Airlines subindustry, Mesa Air Group'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.


Mesa Air Group's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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



Mesa Air Group Effective Interest Rate on Debt % Calculation

Mesa Air Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -49.921/( (634.847+541.012)/ 2 )
=-1  *  -49.921/587.9295
=8.49 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=520.299 + 114.548
=634.847

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=373.855 + 167.157
=541.012

Mesa Air Group'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: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -54.4/( (580.775+541.012)/ 2 )
=-1  *  -54.4/560.8935
=9.70 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=451.957 + 128.818
=580.775

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=373.855 + 167.157
=541.012

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


Mesa Air Group  (NAS:MESA) Effective Interest Rate on Debt % Explanation

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


Mesa Air Group Effective Interest Rate on Debt % Related Terms

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Mesa Air Group (Mesa Air Group) Business Description

Industry
Traded in Other Exchanges
Address
410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 129 cities in the District of Columbia, the Bahamas, and Mexico, as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles.
Executives
Jonathan Ireland director 410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh director 410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck officer: CFO & Treasurer 16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein director, officer: Chairman & CEO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman officer: General Counsel 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz officer: President and COO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich officer: EVP & Chief Operating Officer MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda officer: President, Freedom Airlines 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello director 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817