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ABM Industries (ABM Industries) Effective Interest Rate on Debt % : 5.88% (As of Jan. 2024)


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What is ABM Industries 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. ABM Industries's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $85 Mil. ABM Industries's average total debt for the quarter that ended in Jan. 2024 was $1,449 Mil. Therefore, ABM Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 5.88%.


ABM Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for ABM Industries'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.

* Premium members only.

ABM Industries Effective Interest Rate on Debt % Chart

ABM Industries Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.87 5.29 2.98 3.38 5.78

ABM Industries Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.43 5.57 5.64 5.67 5.88

Competitive Comparison of ABM Industries's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, ABM Industries'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.


ABM Industries's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ABM Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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



ABM Industries Effective Interest Rate on Debt % Calculation

ABM Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -82.3/( (1402.7+1442.6)/ 2 )
=-1  *  -82.3/1422.65
=5.78 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1190.9 + 211.8
=1402.7

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1378.6 + 64
=1442.6

ABM Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -85.2/( (1442.6+1454.8)/ 2 )
=-1  *  -85.2/1448.7
=5.88 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1378.6 + 64
=1442.6

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1392.8 + 62
=1454.8

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


ABM Industries  (NYSE:ABM) Effective Interest Rate on Debt % Explanation

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


ABM Industries Effective Interest Rate on Debt % Related Terms

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ABM Industries (ABM Industries) Business Description

Industry
Traded in Other Exchanges
Address
One Liberty Plaza, 7th Floor, New York, NY, USA, 10006
ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.
Executives
Rene Jacobsen officer: Pres - Business & Industry 551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
Andrea R Newborn officer: EVP/GEN. COUNSEL/CORP. SECTY. ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Scott B Salmirs officer: Executive Vice President 551 FIFTH AVE, SUITE 300, NEW YORK NY 10176
Dean A Chin officer: SVP - Chief Accounting Officer 551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
James David Devries director ALLSTATE INSURANCE COMPANY, 2775 SANDERS ROAD, NORTHBROOK IL 60062
Joshua H Feinberg officer: Executive Vice President ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Raul Javier Valentin officer: EVP and CHRO ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Linda Chavez director
Art A Garcia director 11690 N.W. 105TH STREET, MIAMI FL 33178
Quincy L Allen director 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Earl Ray Ellis officer: EVP & Chief Financial Officer ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Sean Michael Mahoney officer: EVP, President-Sales & Mktng ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Scott J Giacobbe officer: Pres - Building & Energy 551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
Diego Anthony Scaglione officer: SVP/Treasurer 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Jill Golder director 305 HARTMANN DRIVE, LEBANON TN 37087