Maximus, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Debt And Derivatives - Narrative (Details)

v3.22.2.2

Debt And Derivatives - Narrative (Details) - USD ($)		12 Months Ended
Debt And Derivatives - Narrative (Details) - USD ($)	May 28, 2021	Sep. 30, 2022	Oct. 31, 2022	Sep. 30, 2021	Jun. 28, 2021
Debt Instrument [Line Items]
Annual effective interest rate		4.69%
Other Current Assets
Debt Instrument [Line Items]
Fair value of derivative instrument		$ 31,400,000
Other Current Liabilities
Debt Instrument [Line Items]
Fair value of derivative instrument				$ (400,000)
Interest rate swap
Debt Instrument [Line Items]
Derivative, notional amount					$ 300,000,000
Derivative, fixed interest rate					0.986%
Interest rate swap \| Subsequent Event
Debt Instrument [Line Items]
Derivative, notional amount			$ 200,000,000
Term Loan A and Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Term Loan A and Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		2.00%
Secured Debt
Debt Instrument [Line Items]
Floor interest rate	0.50%
Maximum amount netted against funded debt		$ (75,000,000)
Net total leverage ratio maximum		400.00%
Covenant, interest coverage ratio, minimum		300.00%
Net total leverage ratio		2.6
Covenant, interest coverage ratio		1100.00%
Secured Debt \| Term Loan A, due 2026
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,100,000,000
Secured Debt \| Term Loan B, due 2028
Debt Instrument [Line Items]
Debt instrument, face amount	$ 400,000,000
Secured Debt \| Term Loan B, due 2028 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 600,000,000

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