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Kirby (KEX) Effective Interest Rate on Debt % : 4.32% (As of Dec. 2023)


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What is Kirby 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. Kirby's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $52 Mil. Kirby's average total debt for the quarter that ended in Dec. 2023 was $1,216 Mil. Therefore, Kirby's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.32%.


Kirby Effective Interest Rate on Debt % Historical Data

The historical data trend for Kirby'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.

Kirby Effective Interest Rate on Debt % Chart

Kirby Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.80 3.04 2.81 3.41 4.25

Kirby 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 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 3.76 4.20 4.04 4.43 4.32

Competitive Comparison of Kirby's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, Kirby'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.


Kirby's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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



Kirby Effective Interest Rate on Debt % Calculation

Kirby'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  *  -52.008/( (1258.202+1188.746)/ 2 )
=-1  *  -52.008/1223.474
=4.25 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1218.466 + 39.736
=1258.202

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1147.338 + 41.408
=1188.746

Kirby'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  *  -52.46/( (1242.263+1188.746)/ 2 )
=-1  *  -52.46/1215.5045
=4.32 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1200.485 + 41.778
=1242.263

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1147.338 + 41.408
=1188.746

* 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.


Kirby  (NYSE:KEX) Effective Interest Rate on Debt % Explanation

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


Kirby Effective Interest Rate on Debt % Related Terms

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Kirby (KEX) Business Description

Industry
Traded in Other Exchanges
Address
55 Waugh Drive, Suite 1000, Houston, TX, USA, 77007
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
Executives
Christian G. O'neil officer: VP - Human Resources 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Dorman Lynn Strahan officer: President - Marine Systems Inc
David W Grzebinski officer: Executive VP - Finance 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Richard Ross Stewart director 2707 N LOOP WEST 9TH FL, HOUSTON TX 77008
Richard J Alario director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
Amy D. Husted officer: Vice President-Legal 55 WAUGH DRIVE,, SUITE 1000, HOUSTON TX 77007
Ronald A Dragg officer: Controller
Scott P Miller officer: VP - CIO C/O KIRBY CORPORATION, 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Raj Kumar officer: Exec VP and CFO 6401 N. ELDRIDGE PARKWAY, HOUSTON TX 77041
Kurt A. Niemietz officer: Vice President and Treasurer 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Julie Marie Kruger officer: VP Human Resources 55 WAUGH DRIVE, SUITE 1100, HOUSTON TX 77007
Rocky Dewbre director 46 FLORHAM PARK DR., SPRING TX 77379
Kim B Clarke officer: Vice President of Human Resour C/O KIRBY CORPORATION, 55 WAUGH DRIVE, SUITE 1000, HOUSTON TX 77007
Susan Leslie Dio director 47 SURREY RUN PLACE, THE WOODLANDS TX 77384
Tanya S Beder director 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451