MRC Global (MRC Global) Effective Interest Rate on Debt % : 6.23% (As of Mar. 2024)

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What is MRC Global 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. MRC Global's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $32 Mil. MRC Global's average total debt for the quarter that ended in Mar. 2024 was $514 Mil. Therefore, MRC Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.23%.

MRC Global Effective Interest Rate on Debt % Historical Data

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

MRC Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.57

4.12

4.13

4.51

5.93

MRC Global Quarterly Data
	Jun19	Sep19	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															4.78	6.63	6.43	4.59	6.23

Competitive Comparison of MRC Global's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.

MRC Global's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MRC Global's Effective Interest Rate on Debt % distribution charts can be found below:

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

MRC Global Effective Interest Rate on Debt % Calculation

MRC Global'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 * -32	/	( (558	+	521)	/ 2 )
=	-1 * -32	/	539.5
=	5.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	519	+	39
=	558

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	195	+	326
=	521

MRC Global'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 * -32	/	( (521	+	506)	/ 2 )
=	-1 * -32	/	513.5
=	6.23 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	195	+	326
=	521

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	189	+	317
=	506

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.

MRC Global (NYSE:MRC) Effective Interest Rate on Debt % Explanation

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

MRC Global Effective Interest Rate on Debt % Related Terms

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MRC Global (MRC Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (NYSE:MRC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010

Website

https://www.mrcglobal.com

MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

Executives

Shweta Kurvey-mishra	officer: See Remarks	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Anne Mcentee	director	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Malcolm O'neal	officer: SVP - Human Resources	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Emily K. Shields	officer: See Remarks	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Stephen B. Smith	officer: See Remarks	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Ronald L Jadin	director	100 GRAINGER PARKWAY, LAKE FOREST IL 60045
George John Damiris	director	100 CRESCENT COURT, SUITE 1600, DALLAS TX 75201
Gillian Anderson	officer: See Remarks	1301 MCKINNEY ST., SUITE 2300, HOUSTON TX 77010
Robert J. Saltiel	director, officer: President and CEO	4 GREENWAY PLAZA, HOUSTON TX 77046
Rance C Long	officer: SVP-Business Development	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
John P Mccarthy	officer: SVP-Supply Chain	1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Cornell Capital Gp Ii Lp	10 percent owner	C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Cornell Investment Partners Llc	10 percent owner	C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Mario Investments Llc	10 percent owner	C/O DAVIS POLK & WARDWELL LLP, ATTN: R.A DRUCKER, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Cornell Capital Special Situations Partners Ii Lp	10 percent owner	C/O CORNELL CAPITAL LLC, 499 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022