RBC Bearings (RBC Bearings) Effective Interest Rate on Debt % : 5.75% (As of Dec. 2023)

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What is RBC Bearings 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. RBC Bearings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $77 Mil. RBC Bearings's average total debt for the quarter that ended in Dec. 2023 was $1,343 Mil. Therefore, RBC Bearings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.75%.

RBC Bearings Effective Interest Rate on Debt % Historical Data

The historical data trend for RBC Bearings'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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RBC Bearings Effective Interest Rate on Debt % Chart

RBC Bearings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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4.77

2.89

1.73

2.53

4.37

RBC Bearings 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															5.43	3.93	5.79	5.81	5.75

Competitive Comparison of RBC Bearings's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, RBC Bearings'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.

RBC Bearings's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RBC Bearings's Effective Interest Rate on Debt % distribution charts can be found below:

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

RBC Bearings Effective Interest Rate on Debt % Calculation

RBC Bearings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -69.5	/	( (1737	+	1441.7)	/ 2 )
=	-1 * -69.5	/	1589.35
=	4.37 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1723.5	+	13.5
=	1737

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1427.4	+	14.3
=	1441.7

RBC Bearings'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 * -77.2	/	( (1373.7	+	1313.2)	/ 2 )
=	-1 * -77.2	/	1343.45
=	5.75 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1358.9	+	14.8
=	1373.7

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1298.7	+	14.5
=	1313.2

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.

RBC Bearings (NYSE:RBC) Effective Interest Rate on Debt % Explanation

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

RBC Bearings Effective Interest Rate on Debt % Related Terms

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RBC Bearings (RBC Bearings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RBC Bearings Inc (NYSE:RBC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

B1X:Germany

Address

102 Willenbrock Road, One Tribology Center, Oxford, CT, USA, 06478

Website

https://www.rbcbearings.com

RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.

Executives

Michael H. Ambrose	director	ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Michael J Hartnett	officer: President and CEO	RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard R Crowell	director	AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024
Dolores J Ennico	director	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Robert M Sullivan	officer: Corporate Controller	103 STILLWOLD DRIVE, WETHERSFIELD CT 06109
John J. Feeney	officer: Vice President and Secretary	ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Steven H. Kaplan	director	11 LINDEN SHORES, BRANFORD CT 06405
Patrick S. Bannon	officer: V.P. and General Manager	131 WOODS WAY DRIVE, SOUTHBURY CT 06488
Richard J Edwards	officer: V.P. and General Manager	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Edward Stewart	director	5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253
Daniel A Bergeron	officer: VP and CFO
Alan B Levine	director
Ernest D Hawkins	officer: Vice President of Finance	102 WILLENBROCK ROAD, OXFORD CT 06478
Amir Faghri	director	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Joseph Salamunovich	officer: General Counsel and Secretary	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478