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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. MannKind's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $21.4 Mil. MannKind's average total debt for the quarter that ended in Dec. 2023 was $275.1 Mil. Therefore, MannKind's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.79%.
The historical data trend for MannKind'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.
MannKind Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 9.74 | 7.74 | 8.03 | 8.58 | 8.97 |
MannKind 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 | 7.34 | 7.35 | 13.37 | 7.58 | 7.79 |
For the Biotechnology subindustry, MannKind'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.
For the Biotechnology industry and Healthcare sector, MannKind's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where MannKind's Effective Interest Rate on Debt % falls into.
MannKind'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 * -25.161 | / | ( (288.398 | + | 272.624) | / 2 ) |
= | -1 * -25.161 | / | 280.511 | |||
= | 8.97 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 278.833 | + | 9.565 |
= | 288.398 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 252.624 | + | 20 |
= | 272.624 |
MannKind'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 * -21.42 | / | ( (277.526 | + | 272.624) | / 2 ) |
= | -1 * -21.42 | / | 275.075 | |||
= | 7.79 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 257.526 | + | 20 |
= | 277.526 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 252.624 | + | 20 |
= | 272.624 |
* 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.
MannKind (NAS:MNKD) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of MannKind's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Castagna | officer: Chief Commercial Officer | 25134 RYE CANYON LOOP, SUITE 300, VALENCIA CA 91355 |
David Thomson | officer: VP & Assoc General Counsel | 28903 NORTH AVENUE PAINE, VALENCIA CA 91355 |
Steven B. Binder | officer: Chief Financial Officer | 30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362 |
Burkhard Blank | officer: EVP Chief Medical Officer | C/O ACORDA THERAPEUTICS, 420 SAW MILL RIVER ROAD, ARDSLEY NY 10502 |
Lauren M Sabella | officer: EVP Chief Operating Officer | C/O ACORDA THERAPEUTICS, 420 SAW MILL RIVER ROAD, ARDSLEY NY 10502 |
Sanjay R Singh | officer: EVP Technical Operations | 1 CASPER STREET, DANBURY CT 06810 |
Alejandro Galindo | officer: Chief Commercial Officer | 30930 RUSSELL RANCH RD, STE 300, WESTLAKE VILLAGE CA 91362 |
Stuart A Tross | officer: Corp VP, Chief People Officer | ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799 |
Anthony C Hooper | director | AMGEN INC., ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799 |
Jennifer Grancio | director | 30930 RUSSELL RANCH ROAD SUITE 300, WESTLAKE VILLAGE CA 91362 |
Christine Mundkur | director | |
Sabrina Kay | director | 30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362 |
David M Kendall | officer: Chief Medical Officer | 30930 RUSSELL RANCH ROAD, WESTLAKE VILLAGE CA 91362 |
Patrick Mccauley | officer: Chief Commercial Officer | 30930 RUSSELL RANCH ROAD, SUITE 300, WESTLAKE VILLAGE CA 91362 |
Barton Courtney | officer: Chief Compliance Officer | 30930 RUSSELL RANCH ROAD, WESTLAKE VILLAGE CA 91362 |
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