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Latham Group (Latham Group) Effective Interest Rate on Debt % : 6.17% (As of Mar. 2024)


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What is Latham 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. Latham Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $19.9 Mil. Latham Group's average total debt for the quarter that ended in Mar. 2024 was $322.8 Mil. Therefore, Latham Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.17%.


Latham Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Latham 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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Latham Group Effective Interest Rate on Debt % Chart

Latham Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
10.14 8.21 9.74 4.98 9.02

Latham Group Quarterly Data
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 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 11.51 4.82 7.02 11.56 6.17

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

For the Building Products & Equipment subindustry, Latham 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.


Latham Group's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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



Latham Group Effective Interest Rate on Debt % Calculation

Latham Group'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  *  -30.916/( (352.195+333.121)/ 2 )
=-1  *  -30.916/342.658
=9.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=342.022 + 10.173
=352.195

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=304.738 + 28.383
=333.121

Latham Group'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  *  -19.928/( (333.121+312.567)/ 2 )
=-1  *  -19.928/322.844
=6.17 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=304.738 + 28.383
=333.121

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=302.494 + 10.073
=312.567

* 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.


Latham Group  (NAS:SWIM) Effective Interest Rate on Debt % Explanation

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


Latham Group Effective Interest Rate on Debt % Related Terms

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Latham Group (Latham Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
787 Watervliet Shaker Road, Latham, NY, USA, 12110
Latham Group Inc is a designer, manufacturer, and marketer of in-ground residential swimming pools, liners, and covers in North America, Australia, and New Zealand. It derives a majority of its revenue from the United States.
Executives
Oliver C. Gloe officer: VICE PRESIDENT, FINANCE C/O LATHAM GROUP, 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Scott Michael Rajeski director, officer: Chief Executive Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Melissa Claire Feck officer: Chief Human Resources Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Patrick M Sheller officer: General Counsel & Secretary 343 STATE STREET, ROCHESTER NY 14650
J Mark Borseth officer: Chief Financial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
James E Cline director C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603
Joshua D. Cowley officer: Chief Commercial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Suraj Kunchala officer: Vice President & Controller 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Brian Patrick Pratt director 112 E. 17TH ST., NEW YORK NY 10003
Delu Jackson director 650 TENNIS CLUB DRIVE, APT. L107, FORT LAUDERDALE FL 33311
Sanjeev Bahl officer: COO Latham Pool Products, Inc. C/O LATHAM GROUP, INC., 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Mark Phillip Laven director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Masson Robert L. Ii officer: Chief Financial Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Dane L. Derbyshire director 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Jeff Arnold Leake officer: Chief Operating Officer 787 WATERVLIET SHAKER ROAD, LATHAM NY 12110