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MISTRAS Group (MISTRAS Group) Effective Interest Rate on Debt % : 8.00% (As of Mar. 2024)


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What is MISTRAS Group 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. MISTRAS Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $17.7 Mil. MISTRAS Group's average total debt for the quarter that ended in Mar. 2024 was $221.4 Mil. Therefore, MISTRAS Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.00%.


MISTRAS Group Effective Interest Rate on Debt % Historical Data

The historical data trend for MISTRAS Group'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.

MISTRAS Group Effective Interest Rate on Debt % Chart

MISTRAS Group Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.68 4.91 4.62 4.75 7.74

MISTRAS Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 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 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 7.54 7.22 7.68 8.49 8.00

Competitive Comparison of MISTRAS Group's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, MISTRAS Group'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.


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

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

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



MISTRAS Group Effective Interest Rate on Debt % Calculation

MISTRAS Group'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  *  -16.761/( (215.873+217.505)/ 2 )
=-1  *  -16.761/216.689
=7.74 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=193.871 + 22.002
=215.873

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=192.76 + 24.745
=217.505

MISTRAS Group'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  *  -17.72/( (217.505+225.227)/ 2 )
=-1  *  -17.72/221.366
=8.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=192.76 + 24.745
=217.505

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=200.113 + 25.114
=225.227

* 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.


MISTRAS Group  (NYSE:MG) Effective Interest Rate on Debt % Explanation

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


MISTRAS Group Effective Interest Rate on Debt % Related Terms

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MISTRAS Group (MISTRAS Group) Business Description

Industry
Traded in Other Exchanges
Address
195 Clarksville Road, Princeton Junction, NJ, USA, 08550
MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.
Executives
Nicholas Debenedictis director GLATFELTER, 96 SOUTH GEORGE ST STE 420, YORK PA 17401
John Anthony Smith officer: Executive Vice President 195 CLARKSVILLE RD, PRINCETON JUNCTION NJ 08550
Gennaro A. D'alterio officer: EVP, Chief Commercial Officer PO BOX 144, HARLEYSVILLE PA 19438
Sotirios Vahaviolos January 2023 2-year Grantor Retained Annuity Trust 10 percent owner C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Richard H Glanton director C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Manuel N. Stamatakis director C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Charles P Pizzi director C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Michelle Lohmeier director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Dennis Bertolotti officer: President and COO, Services C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
James J Forese director, 10 percent owner C/O SFN GROUP INC, 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309
Wayne Curtis Weldon director 4687 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Sotirios J. Vahaviolos director, 10 percent owner, officer: Chairman, President and CEO C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Jonathan H Wolk officer: EVP, Chief Financial Officer 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Michael C Keefe officer: EVP, General Counsel C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Edward J Prajzner officer: Sr. VP, CFO and Treasurer C/O TECHNITROL, INC., 1210 NORTHBROOK DRIVE, SUITE 470, TREVOSE PA 19053