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ACCO Brands (ACCO Brands) Effective Interest Rate on Debt % : 5.25% (As of Dec. 2023)


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What is ACCO Brands 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. ACCO Brands's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $54 Mil. ACCO Brands's average total debt for the quarter that ended in Dec. 2023 was $1,036 Mil. Therefore, ACCO Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.25%.


ACCO Brands Effective Interest Rate on Debt % Historical Data

The historical data trend for ACCO Brands'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.

ACCO Brands Effective Interest Rate on Debt % Chart

ACCO Brands 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 4.76 3.61 3.96 4.14 5.56

ACCO Brands Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.60 4.88 5.26 5.61 5.25

Competitive Comparison of ACCO Brands's Effective Interest Rate on Debt %

For the Business Equipment & Supplies subindustry, ACCO Brands'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.


ACCO Brands's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ACCO Brands's Effective Interest Rate on Debt % distribution charts can be found below:

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



ACCO Brands Effective Interest Rate on Debt % Calculation

ACCO Brands'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  *  -58.6/( (1092.9+1016.2)/ 2 )
=-1  *  -58.6/1054.55
=5.56 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1011.7 + 81.2
=1092.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=959 + 57.2
=1016.2

ACCO Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -54.4/( (1055.4+1016.2)/ 2 )
=-1  *  -54.4/1035.8
=5.25 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=966.1 + 89.3
=1055.4

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=959 + 57.2
=1016.2

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


ACCO Brands  (NYSE:ACCO) Effective Interest Rate on Debt % Explanation

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


ACCO Brands Effective Interest Rate on Debt % Related Terms

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ACCO Brands (ACCO Brands) Business Description

Industry
Traded in Other Exchanges
Address
Four Corporate Drive, Lake Zurich, IL, USA, 60047
ACCO Brands Corp designs, manufactures, and markets consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes, and punching products; computer accessories and others used in schools, homes, and businesses. It offers its products primarily under the AT-A-GLANCE, Five Star, GBC, Hilroy, Kensington, Quartet, Leitz, NOBO, Rapid, Rexel, Tilibra, and Wilson Jones brands. The company markets and sells its products through various channels, including mass retailers; e-tailers; discount, and variety chains; and warehouse clubs.
Executives
Paul P Daniel officer: SVP and CIO C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Joseph B Burton director 345 ENCINAL STREET, SANTA CRUZ CA 95060
Deborah A Oconnor officer: EVP and CFO C/O ACCO BRANDS CORP, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gregory J. Mccormack officer: Sr. Vice Pres, Global Products FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Roxanne M Bernstein officer: EVP & Pres, ACCO Brands N.A. C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Boris Elisman director, officer: Chairman, President & CEO C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Gina Boswell director MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Angela Y Jones officer: SVP, Global Chief People Offic 9900 W. 109 STREET, SUITE 100, OVERLAND PARK KS 66210
Thomas W Tedford officer: Exec VP & Pres US Office & Con C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Neal V Fenwick officer: Executive VP and CFO FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Pamela R Schneider officer: Sr VP, General Counsel & Sec C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Patrick Buchenroth officer: ExecVP, Pres ACCO Brands Intl C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ralph Paul Hargrow officer: Sr VP & Chief People Officer C/O ACCO BRANDS CORPORATION, FOUR CORPORATE DRIVE, LAKE ZURICH IL 60047
Ronald M. Lombardi director 660 WHITE PLAINS RD., TARRYTOWN NY 10591
James Dudek officer: SVP, Corp Controller and CAO C/O RICHARDSON ELECTRONICS, LTD, PO BOX 393, 40W267 KESLINGER ROAD, LAFOX IL 60147