Holley (Holley) Effective Interest Rate on Debt % : 7.42% (As of Mar. 2024)

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What is Holley 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. Holley's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $44.0 Mil. Holley's average total debt for the quarter that ended in Mar. 2024 was $593.2 Mil. Therefore, Holley's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.42%.

Holley Effective Interest Rate on Debt % Historical Data

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

Holley Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.48

5.93

6.18

9.76

Holley Quarterly Data
	Dec19	Sep20	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											11.23	6.14	8.55	12.25	7.42

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

For the Auto Parts subindustry, Holley'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.

Holley's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Holley's Effective Interest Rate on Debt % distribution charts can be found below:

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

Holley Effective Interest Rate on Debt % Calculation

Holley'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 * -60.746	/	( (655.675	+	589.119)	/ 2 )
=	-1 * -60.746	/	622.397
=	9.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	643.563	+	12.112
=	655.675

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	576.71	+	12.409
=	589.119

Holley'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 * -44.016	/	( (589.119	+	597.298)	/ 2 )
=	-1 * -44.016	/	593.2085
=	7.42 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	576.71	+	12.409
=	589.119

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	585.378	+	11.92
=	597.298

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.

Holley (NYSE:HLLY) Effective Interest Rate on Debt % Explanation

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

Holley Effective Interest Rate on Debt % Related Terms

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Holley (Holley) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Holley Inc (NYSE:HLLY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

82Z:Germany

Address

1801 Russellville Road, Bowling Green, KY, USA, 42101

Website

https://www.holley.com

Holley Inc is a designer, marketer, and manufacturer of high-performance automotive aftermarket products, featuring a portfolio of iconic brands serving the car and truck industry. It offers a diversified line of performance automotive products including fuel injection systems, tuners, exhaust products, carburetors, safety equipment and various other performance automotive products. The company's brands include Holley, APR, MSD and Flowmaster, among others. It derives revenue from the U.S. and Italy, of which prime revenue is derived from the U.S.

Executives

Matthew Stevenson	director, officer: President and CEO	150 PEABODY PLACE, M.S. LEGL-0008, MEMPHIS TN 38103
Ginger M Jones	director	55 JEWELERS PARK DRIVE, NEENAH WI 54956
James D. Coady	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK CITY NY 10017
Owen Basham	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS, L.L.C., 330 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10017
David S Lobel	director, 10 percent owner	C/O SENTINEL CAPITAL PARTNERS II, 777 THIRD AVE. 32ND FL, NEW YORK NY 10017
Midocean Partners V, L.p.	10 percent owner	C/O MIDOCEAN PARTNERS, 320 PARK AVENUE, SUITE 1600, NEW YORK NY 10022
Graham Clempson	director, officer: President and Director	C/O MIDOCEAN PARTNERS, 245 PARK AVENUE, 38TH FLOOR, NEW YORK NY 10167
Jesse Weaver	officer: Chief Financial Officer	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Brian Appelgate	officer: Interm Chief Operating Officer	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Dominic Bardos	officer: Chief Financial Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Thomas W Tomlinson	director, officer: Chief Executive Officer	1801 RUSSELLVILLE RD, BOWLING GREEN KY 42101
Anita Sehgal	director	817 MAXWELL AVENUE, EVANSVILLE IN 47711
Carly Kennedy	officer: EVP & General Counsel	1801 RUSSELLVILLE ROAD, BOWLING GREEN KY 42101
Matthew E Rubel	director	3231 SE SIXTH AVENUE, TOPEKA KS 66607
Gina L Bianchini	director	312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202