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)

v3.23.3

Debt And Derivatives - Narrative (Details) - USD ($)	12 Months Ended
Debt And Derivatives - Narrative (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Annual effective interest rate	5.97%
Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.125%
Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
Other Assets
Debt Instrument [Line Items]
Fair value of derivative instrument	$ 31,000,000	$ 31,400,000
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]
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	2.19
Covenant, interest coverage ratio	628.00%
Secured Debt \| SOFR
Debt Instrument [Line Items]
Floor interest rate	0.50%
Secured Debt \| Term Loan A, due 2026
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,100,000,000
Secured Debt \| Term Loan A, due 2026 \| Interest Rate Swap 1
Debt Instrument [Line Items]
Derivative, notional amount	$ 500,000,000
Derivative, fixed interest rate	2.31%
Secured Debt \| Term Loan A, due 2026 \| Interest Rate Swap 2
Debt Instrument [Line Items]
Derivative, notional amount	$ 150,000,000
Derivative asset	$ 150,000,000
Derivative, fixed interest rate	4.38%
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 \| SOFR
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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