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FTAI Infrastructure (FTAI Infrastructure) Effective Interest Rate on Debt % : 7.82% (As of Mar. 2024)


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What is FTAI Infrastructure 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. FTAI Infrastructure's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $110.4 Mil. FTAI Infrastructure's average total debt for the quarter that ended in Mar. 2024 was $1,411.8 Mil. Therefore, FTAI Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.82%.


FTAI Infrastructure Effective Interest Rate on Debt % Historical Data

The historical data trend for FTAI Infrastructure'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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FTAI Infrastructure Effective Interest Rate on Debt % Chart

FTAI Infrastructure Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 3.17 2.84 5.10 7.35

FTAI Infrastructure Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.03 7.13 7.55 7.48 7.82

Competitive Comparison of FTAI Infrastructure's Effective Interest Rate on Debt %

For the Conglomerates subindustry, FTAI Infrastructure'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.


FTAI Infrastructure's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

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

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



FTAI Infrastructure Effective Interest Rate on Debt % Calculation

FTAI Infrastructure'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  *  -99.603/( (1300.349+1410.569)/ 2 )
=-1  *  -99.603/1355.459
=7.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1293.304 + 7.045
=1300.349

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1403.351 + 7.218
=1410.569

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -110.372/( (1410.569+1413.03)/ 2 )
=-1  *  -110.372/1411.7995
=7.82 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1403.351 + 7.218
=1410.569

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1328.105 + 84.925
=1413.03

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


FTAI Infrastructure  (NAS:FIP) Effective Interest Rate on Debt % Explanation

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


FTAI Infrastructure Effective Interest Rate on Debt % Related Terms

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FTAI Infrastructure (FTAI Infrastructure) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105
FTAI Infrastructure Inc is engaged in five segments; Railroad segment includes five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, the Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities. Power and Gas segment is comprised of an equity method investment in Long Ridge, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree.
Executives
Scott Christopher officer: CFO, CAO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kenneth J. Nicholson officer: President and CEO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Adams Joseph P. Jr. director C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
James L. Hamilton director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Washington State Investment Board 10 percent owner 2100 EVERGREEN PARK DR SW, PO BOX 40916, OLYMPIA WA 98504-0916
Judith A Hannaway director C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Transportation & Infrastructure Investors Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure General Partnership 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105