Rocket Lab USA (STU:6RJ) Effective Interest Rate on Debt % : 1.10% (As of Mar. 2024)

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What is Rocket Lab USA 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. Rocket Lab USA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €3.3 Mil. Rocket Lab USA's average total debt for the quarter that ended in Mar. 2024 was €300.3 Mil. Therefore, Rocket Lab USA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.10%.

Rocket Lab USA Effective Interest Rate on Debt % Historical Data

The historical data trend for Rocket Lab USA'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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Rocket Lab USA Effective Interest Rate on Debt % Chart

Rocket Lab USA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

7.97

5.71

2.54

Rocket Lab USA Quarterly Data
	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										1.78	1.88	3.50	3.28	1.10

Competitive Comparison of Rocket Lab USA's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Rocket Lab USA'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.

Rocket Lab USA's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Rocket Lab USA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Rocket Lab USA Effective Interest Rate on Debt % Calculation

Rocket Lab USA'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 * -3.895	/	( (144.227	+	162.023)	/ 2 )
=	-1 * -3.895	/	153.125
=	2.54 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141.484	+	2.743
=	144.227

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.733	+	16.29
=	162.023

Rocket Lab USA'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 * -3.304	/	( (162.023	+	438.674)	/ 2 )
=	-1 * -3.304	/	300.3485
=	1.10 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.733	+	16.29
=	162.023

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	428.558	+	10.116
=	438.674

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.

Rocket Lab USA (STU:6RJ) Effective Interest Rate on Debt % Explanation

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

Rocket Lab USA Effective Interest Rate on Debt % Related Terms

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Rocket Lab USA (STU:6RJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Rocket Lab USA Inc (STU:6RJ) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

RKLB:USA

Address

3881 McGowen Street, Long Beach, CA, USA, 90808

Website

https://www.rocketlabusa.com

Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defence, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered more than 100 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.

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