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Brown-Forman (Brown-Forman) Effective Interest Rate on Debt % : 4.05% (As of Jan. 2024)


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What is Brown-Forman 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. Brown-Forman's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $132 Mil. Brown-Forman's average total debt for the quarter that ended in Jan. 2024 was $3,258 Mil. Therefore, Brown-Forman's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 4.05%.


Brown-Forman Effective Interest Rate on Debt % Historical Data

The historical data trend for Brown-Forman'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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Brown-Forman Effective Interest Rate on Debt % Chart

Brown-Forman Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.49 3.22 3.14 3.40 3.47

Brown-Forman Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 3.53 3.91 3.87 4.01 4.05

Competitive Comparison of Brown-Forman's Effective Interest Rate on Debt %

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.


Brown-Forman's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Brown-Forman's Effective Interest Rate on Debt % falls into.



Brown-Forman Effective Interest Rate on Debt % Calculation

Brown-Forman's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2022 )+Total Debt  (A: Apr. 2023 ))/ count )
=-1  *  -90/( (2269+2913)/ 2 )
=-1  *  -90/2591
=3.47 %

where

Brown-Forman's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -132/( (3110+3406)/ 2 )
=-1  *  -132/3258
=4.05 %

where

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Brown-Forman  (NYSE:BF.A) Effective Interest Rate on Debt % Explanation

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


Brown-Forman Effective Interest Rate on Debt % Related Terms

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Brown-Forman (Brown-Forman) Business Description

Traded in Other Exchanges
Address
850 Dixie Highway, Louisville, KY, USA, 40210
Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.
Executives
De Chabert Ralph E officer: SVP, Chief Diversity Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Augusta Brown Holland director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kelli Nelson officer: SVP, Chief Accounting Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Chavanne Patrick Bousquet director 767 FIFTH AVENUE, NEW YORK NY 10153
Matthew E Hamel officer: EVP, Gen Counsel and Secretary 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Michael Todman director C/O TMA LIMITED, LLC, 500 RENAISSANCE DRIVE, SUITE 103B, ST. JOSEPH MI 49085
Matias Bentel officer: SVP, Chief Brands Officer 850 DIXIE HWY, LOUISVILLE KY 40210
John V. Hayes officer: SVP/President, USA & Canada 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Tracy L Skeans director 1441 GARDINER LANE, LOUISVILLE KY 40213
Thomas Hinrichs officer: SVP/Pres., Emerging Intl 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kirsten M Hawley officer: SVP, Chief HR Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kathleen M. Gutmann director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Alejandro A Alvarez officer: SVP, Chief Production Officer 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Lawson E Whiting director, officer: President & CEO 850 DIXIE HIGHWAY, LOUISVILLE KY 40228
John D. Cook director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210