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Willis Lease Finance (Willis Lease Finance) Effective Interest Rate on Debt % : 5.20% (As of Mar. 2024)


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What is Willis Lease Finance 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. Willis Lease Finance's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $92.0 Mil. Willis Lease Finance's average total debt for the quarter that ended in Mar. 2024 was $1,769.2 Mil. Therefore, Willis Lease Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.20%.


Willis Lease Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Willis Lease Finance'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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Willis Lease Finance Effective Interest Rate on Debt % Chart

Willis Lease Finance Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.17 4.28 3.90 3.67 4.32

Willis Lease Finance 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 3.99 4.17 4.22 4.96 5.20

Competitive Comparison of Willis Lease Finance's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Willis Lease Finance'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.


Willis Lease Finance's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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



Willis Lease Finance Effective Interest Rate on Debt % Calculation

Willis Lease Finance'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  *  -78.795/( (1847.278+1802.881)/ 2 )
=-1  *  -78.795/1825.0795
=4.32 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1847.278 + 0
=1847.278

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1802.881 + 0
=1802.881

Willis Lease Finance'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  *  -92.012/( (1802.881+1735.57)/ 2 )
=-1  *  -92.012/1769.2255
=5.20 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1802.881 + 0
=1802.881

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1735.57 + 0
=1735.57

* 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.


Willis Lease Finance  (NAS:WLFC) Effective Interest Rate on Debt % Explanation

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


Willis Lease Finance Effective Interest Rate on Debt % Related Terms

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Willis Lease Finance (Willis Lease Finance) Business Description

Traded in Other Exchanges
N/A
Address
4700 Lyons Technology Parkway, Coconut Creek, FL, USA, 33073
Willis Lease Finance Corp with its subsidiaries is a lessor and servicer of commercial aircraft and aircraft engines. The company has two reportable business segments namely Leasing and Related Operations which involves acquiring and leasing, pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and Spare Parts Sales segment involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.
Executives
Willis Charles F Iv director, 10 percent owner, officer: Executive Chairman 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Scott B. Flaherty officer: SVP, CFO 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Brian Richard Hole officer: President 4700 LYONS TECHNOLOGY, SUITE 2215, COCONUT CREEK FL 33073
Hans Jorg Hunziker director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Austin Chandler Willis director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Rae Ann Mckeating director PO BOX 593, MCCALL ID 83638
Robert J. Keady director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Robert T Morris director 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Dean Michael Poulakidas officer: SVP, Gen. Counsel, Secretary 4700 LYONS TECHNOLOGY, COCONUT CREEK FL 33073
Anthony R. Spaulding officer: SVP, Technical Services 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Donald A Nunemaker officer: EVP, General Mgr. Leasing 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Bradley Stewart Forsyth officer: SVP, CFO 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Ernest J. Furtado officer: Interim CFO 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Coon W William Jr director 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998
Judith M Webber officer: SVP, Technical Services 773 SAN MARIN DRIVE, SUITE 2215, NOVATO CA 94998