GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UniFirst Corp (NYSE:UNF) » Definitions » Effective Interest Rate on Debt %

UniFirst (UniFirst) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)


View and export this data going back to 1983. Start your Free Trial

What is UniFirst 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. UniFirst's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0 Mil. UniFirst's average total debt for the quarter that ended in Feb. 2024 was $70 Mil. Therefore, UniFirst's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.00%.


UniFirst Effective Interest Rate on Debt % Historical Data

The historical data trend for UniFirst'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.

UniFirst Effective Interest Rate on Debt % Chart

UniFirst Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

UniFirst Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - - - -

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

For the Specialty Business Services subindustry, UniFirst'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.


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

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

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



UniFirst Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  0/( (51.672+64.759)/ 2 )
=-1  *  0/58.2155
=0.00 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.07 + 13.602
=51.672

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47.02 + 17.739
=64.759

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  0/( (67.385+71.778)/ 2 )
=-1  *  0/69.5815
=0.00 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.334 + 17.051
=67.385

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53.71 + 18.068
=71.778

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


UniFirst  (NYSE:UNF) Effective Interest Rate on Debt % Explanation

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


UniFirst Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of UniFirst's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


UniFirst (UniFirst) Business Description

Industry
Traded in Other Exchanges
N/A
Address
68 Jonspin Road, Wilmington, MA, USA, 01887
UniFirst Corp provides workplace uniforms, protective clothing, and other workplace products and services to businesses in the United States, Canada, and Europe. The U.S. and Canadian Rental and Cleaning segment that accounts for the majority of the company engages in sales rents and sells clothing and non-garment items, and offers a cleaning service that delivers clean uniforms when it picks up dirty or contaminated ones. Manufacturing segment designs and manufactures uniforms and non-garment items. Specialty garments rental and cleaning segment provides specialty garments, non-garments, and cleaning services for nuclear and classroom applications. The First Aid segment provides safety supplies and pill packaging. The Corporate segment consists of various associated costs.
Executives
David A Difillippo officer: Senior VP of Operations
Matthew Croatti 10 percent owner C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Michael A Croatti officer: Senior VP of Operations C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
William Masters Ross officer: Senior VP of Operations C/O UNIFIRST CORPORATION, 68 JONSPIN ROAD, WILMINGTON MA 01887
Shane O'connor officer: Senior VP and CFO 68 JONSPIN ROAD, WILMINGTON MA 01887
Steven S Sintros officer: VP of Finance and CFO 68 JONSPIN RD., WILMINGTON MA 01888
Sergio A Pupkin director C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
David Martin Katz officer: VP of Sales and Marketing 68 JONSPIN ROAD, WILMINGTON MA 01887
Joseph M Nowicki director C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Cynthia Croatti director, 10 percent owner, officer: Executive VP and Treasurer 68 JONSPIN ROAD, WILMINGTON DC 01887
Carol Croatti 10 percent owner 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
The Ronald D Croatti Trust - 1993 10 percent owner C/O CAROL CROATTI, 21 JEFFERSON DRIVE, LONDONDERRY NH 03053
Kathleen M Camilli director
Michael Iandoli director 68 JONSPIN RD, WILMINGTON MA 01887
Phillip L Cohen director 68 JONSPIN ROAD, WILMINGTON MA 01887