Sky Harbour Group (Sky Harbour Group) Effective Interest Rate on Debt % : 0.29% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Sky Harbour 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. Sky Harbour Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.78 Mil. Sky Harbour Group's average total debt for the quarter that ended in Mar. 2024 was $264.43 Mil. Therefore, Sky Harbour Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.29%.

Sky Harbour Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Sky Harbour 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.

Sky Harbour Group Effective Interest Rate on Debt % Chart

Sky Harbour Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.67

1.34

0.52

0.24

Sky Harbour Group 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											-	0.15	0.41	0.38	0.29

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

For the Aerospace & Defense subindustry, Sky Harbour 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.

Sky Harbour Group's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Sky Harbour Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sky Harbour Group Effective Interest Rate on Debt % Calculation

Sky Harbour 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 * -0.541	/	( (215.741	+	241.168)	/ 2 )
=	-1 * -0.541	/	228.4545
=	0.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	215.741	+	0
=	215.741

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	241.168	+	0
=	241.168

Sky Harbour 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 * -0.776	/	( (241.168	+	287.693)	/ 2 )
=	-1 * -0.776	/	264.4305
=	0.29 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	241.168	+	0
=	241.168

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	287.693	+	0
=	287.693

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.

Sky Harbour Group (AMEX:SKYH) Effective Interest Rate on Debt % Explanation

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

Sky Harbour Group Effective Interest Rate on Debt % Related Terms

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

Sky Harbour Group (Sky Harbour Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sky Harbour Group Corp (AMEX:SKYH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

136 Tower Road, Suite 205, Westchester County Airport, White Plains, NY, USA, 10604

Website

https://www.skyharbour.group

Sky Harbour Group Corp is an aviation infrastructure company building nationwide network of Home-Basing solutions for business aircraft. The company develops, leases and manages business aviation hangars across the United States based on its proprietary targeting and acquisition model, targeting airfields with significant hangar supply and demand imbalances in the largest US markets. Its hangar campuses feature exclusive private hangars and a full suite of dedicated services specifically designed for home-based aircraft.

Executives

Alexander Buffett Rozek	director, 10 percent owner	292 NEWBURY ST #333, BOSTON MA 02115
Walter Jackson	director	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Alethia Nancoo	director	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Lysa Leiponis	director	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Robert S. Rivkin	director	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Nick Wellmon	director, 10 percent owner	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Tal Keinan	director, 10 percent owner, officer: Chief Executive Officer	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Michael Weber Schmitt	officer: Chief Accounting Officer	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Francisco Gonzalez	officer: Chief Financial Officer	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Alex Saltzman	officer: Chief Operating Officer	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Gerald Adler	officer: GC & Corporate Secretary	C/O SKY HARBOUR GROUP CORPORATION, 136 TOWER ROAD, HANGAR M, SUITE 205, WHITE PLAINS NY 10604
Boc Yellowstone Ii Llc	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Boc Yellowstone Llc	10 percent owner	1411 HARNEY STREET, SUITE 200, OMAHA NE 68102

Sky Harbour Group (Sky Harbour Group) Headlines

From GuruFocus

Sky Harbour Group Is Flying to Success

By Tom Kerr, CFA • 07-26-2023

Thinking about buying stock in Agile Therapeutics, Evoke Pharma, Warner Bros Discovery, Nkarta, or Sky Harbour?

By PRNewswire PRNewswire • 04-26-2022