What is AAON 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. AAON's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4 Mil. AAON's average total debt for the quarter that ended in Dec. 2023 was $71 Mil. Therefore, AAON's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.00%.
AAON Effective Interest Rate on Debt % Historical Data
The historical data trend for AAON'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.
AAON Effective Interest Rate on Debt % Chart
|
AAON Annual Data
|
|
Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
|
Get a 7-Day Free Trial
|
|
|
- |
- |
0.63 |
4.38 |
7.52 |
|
AAON 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
|
|
|
|
|
|
|
|
|
|
|
|
|
4.78 |
5.44 |
6.97 |
5.72 |
5.00 |
Competitive Comparison of AAON's Effective Interest Rate on Debt %
For the Building Products & Equipment subindustry, AAON'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.
AAON's Effective Interest Rate on Debt % Distribution in the Construction Industry
For the Construction industry and Industrials sector, AAON's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where AAON's Effective Interest Rate on Debt % falls into.
AAON Effective Interest Rate on Debt % Calculation
AAON'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 * -4.843 | / | ( (78.251 | + | 50.55) | / 2 ) |
| = | -1 * -4.843 | / | 64.4005 |
| = | 7.52 % |
where
AAON's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (Q: Sep. 2023 ) | + | Total Debt (Q: Dec. 2023 )) | / count ) |
| = | -1 * -3.536 | / | ( (90.962 | + | 50.55) | / 2 ) |
| = | -1 * -3.536 | / | 70.756 |
| = | 5.00 % |
where
* 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 (Dec. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
AAON (AAON) Business Description
Traded in Other Exchanges
Address
2425 South Yukon Avenue, Tulsa, OK, USA, 74107
AAON Inc is a manufacturer of air-conditioning and heating equipment. The products include rooftop units, chillers, packaged outdoor mechanical rooms, air-handling units, makeup air units, energy-recovery units, condensing units, geothermal heat pumps, and self-contained units and coils. AAON's products serve the commercial and industrial new construction and replacement markets, primarily in North America.
Executives
| Stephen E Wakefield |
officer: VP, Engineering |
2425 SOUTH YUKON, TULSA OK 74107 |
| Norman H Asbjornson |
director, 10 percent owner, officer: President |
AAON INC, 2425 SOUTH YUKON, TULSA OK 74107 |
| Rebecca Thompson |
officer: Chief Accounting Officer |
2425 S YUKON AVE, TULSA OK 74107 |
| David Raymond Stewart |
director |
4221 E. 96TH PLACE, TULSA OK 74137 |
| Gordon Douglas Wichman |
officer: Vice President |
4300 WILLOW BEND DR., LONGVIEW TX 75602 |
| Robert Teis |
officer: VP, Sales and Marketing |
6813 FOXBRIAR DR., TULSA OK 74132 |
| Casey Kidwell |
officer: VP, Administration |
9906 NORTH 108TH EAST PLACE, OWASSO OK 74055 |
| Gary D Fields |
director |
2425 SOUTH YUKON, TULSA OK 74107 |
| Rony D Gadiwalla |
officer: VP, Information Technology |
2425 SOUTH YUKON, TULSA OK 74107 |
| Larry Gene Stewart |
officer: Vice President |
2425 SOUTH YUKON AVE, TULSA OK 74107 |
| Xerxes P Gazder |
officer: Chief Information Officer |
109 N FORESTVIEW LANE, AURORA IL 60502 |
| Stephen O Leclair |
director |
3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339 |
| Lackey Paul K Jr |
director |
2200 SOUTH UTICA PL., 6B-GENOA, TULSA OK 74114 |
| Bruce Ware |
director |
3605 PATIENCE BLVD, DALLAS TX 75236 |
| Christopher Douglas Eason |
officer: Chief Accounting Officer |
2425 S YUKON AVE, TULSA OK 74107 |
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AAON has been successfully added to your