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Express, (Express,) Effective Interest Rate on Debt % : 2.86% (As of Oct. 2023)


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What is Express, 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. Express,'s annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $25 Mil. Express,'s average total debt for the quarter that ended in Oct. 2023 was $862 Mil. Therefore, Express,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 2.86%.


Express, Effective Interest Rate on Debt % Historical Data

The historical data trend for Express,'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.

Express, Effective Interest Rate on Debt % Chart

Express, Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.30 1.53 3.68

Express, Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 2.18 8.67 1.57 1.90 2.86

Competitive Comparison of Express,'s Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Express,'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.


Express,'s Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Express,'s Effective Interest Rate on Debt % distribution charts can be found below:

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



Express, Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -29.103/( (862.33+717.454)/ 2 )
=-1  *  -29.103/789.892
=3.68 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=654.486 + 207.844
=862.33

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=528.448 + 189.006
=717.454

Express,'s annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -24.68/( (841.861+881.558)/ 2 )
=-1  *  -24.68/861.7095
=2.86 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=650.307 + 191.554
=841.861

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=688.103 + 193.455
=881.558

* 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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Express,  (OTCPK:EXPRQ) Effective Interest Rate on Debt % Explanation

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


Express, Effective Interest Rate on Debt % Related Terms

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Express, (Express,) Business Description

Traded in Other Exchanges
N/A
Address
1 Express Drive, Columbus, OH, USA, 43230
Express, Inc. is a United States-based specialty apparel retailer. It offers apparel and accessories for work, casual, jeanswear, and going-out. The company also sells the products through its e-commerce website and mobile app, as well as through franchisees who operate company locations in Latin America according to the franchise agreements. It derives revenue from the sales of apparel, accessories and other products, of which a majority of the revenue from the sale of apparel.
Executives
Stewart Glendinning director, officer: Chief Executive Officer 1 EXPRESS DRIVE, COLUMBUS OH 43230
Yehuda Shmidman director C/O ICONIX BRAND GROUP, INC., 1450 BROADWAY, 4TH FLOOR, NEW YORK NY 10018
Satish Mehta director C/O CHEWY, INC., 7700 WEST SUNRISE BLVD, PLANTATION FL 33322
Jason N Judd officer: SVP, CFO and Treasurer 50 N THIRD ST, NEWARK OH 43055
Patricia E Lopez director 333 LUDLOW ST, STAMFORD CT 06902
Antonio Lucio director C/O EXPRESS INC., 1 EXPRESS DRIVE, COLUMBUS OH 43230
Laurel Krueger officer: Chief Legal Officer & Corp Sec ONE EXPRESS DRIVE, COLUMBUS OH 43230
Periclis Pericleous officer: SVP, CFO and Treasurer 1 EXPRESS DR., COLUMBUS OH 43230
Matthew C Moellering officer: EVP, CAO,CFO, Treasurer & Sec. C/O EXPRESS PARENT LLC, ONE LIMITED PARKWAY, COLUMBUS OH 43230
Malissa Akay officer: EVP, Chief Merch. Officer 1 EXPRESS DR., COLUMBUS OH 43230
Sara Tervo officer: EVP, Chief Marketing Officer 1 EXPRESS DR., COLUMBUS OH 43230
Timothy G Baxter director, officer: Chief Executive Officer C/O EXPRESS, INC., 1 EXPRESS DR., COLUMBUS OH 43230
Contrarius Investment Management Ltd 10 percent owner 2 BOND STREET, ST. HELIER Y9 JE2 3NP
Contrarius Investment Management (bermuda) Ltd 10 percent owner VICTORIA PLACE, 5TH FLOOR, 31 VICTORIA STREET, HAMILTON D0 HM 10
James A Hilt officer: EVP, CMO, and ECommerce 1 EXPRESS DRIVE, COLUMBUS OH 43230

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