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Benchmark Electronics (Benchmark Electronics) Effective Interest Rate on Debt % : 6.95% (As of Dec. 2023)


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What is Benchmark Electronics 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. Benchmark Electronics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $35 Mil. Benchmark Electronics's average total debt for the quarter that ended in Dec. 2023 was $501 Mil. Therefore, Benchmark Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.95%.


Benchmark Electronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Benchmark Electronics'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.

Benchmark Electronics Effective Interest Rate on Debt % Chart

Benchmark Electronics 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 3.61 3.91 3.91 4.08 7.36

Benchmark Electronics 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 5.47 5.72 6.58 6.40 6.95

Competitive Comparison of Benchmark Electronics's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Benchmark Electronics'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.


Benchmark Electronics's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Benchmark Electronics's Effective Interest Rate on Debt % distribution charts can be found below:

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



Benchmark Electronics Effective Interest Rate on Debt % Calculation

Benchmark Electronics'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  *  -31.875/( (411.637+454.342)/ 2 )
=-1  *  -31.875/432.9895
=7.36 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=407.362 + 4.275
=411.637

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=450.059 + 4.283
=454.342

Benchmark Electronics'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  *  -34.768/( (546.791+454.342)/ 2 )
=-1  *  -34.768/500.5665
=6.95 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=542.51 + 4.281
=546.791

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=450.059 + 4.283
=454.342

* 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.


Benchmark Electronics  (NYSE:BHE) Effective Interest Rate on Debt % Explanation

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


Benchmark Electronics Effective Interest Rate on Debt % Related Terms

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Benchmark Electronics (Benchmark Electronics) Business Description

Industry
Traded in Other Exchanges
Address
56 South Rockford Drive, Tempe, AZ, USA, 85288
Benchmark Electronics Inc is engaged in product designing, engineering services, technology solutions, and advanced manufacturing services (electronic manufacturing services (EMS) and precision technology services). It serves various industries, including aerospace & defense (A&D), medical technologies, complex industrials, semiconductor capital equipment, next-generation telecommunications, and high-end computing. Its geographical segments are the Americas, Asia and Europe of which key revenue is derived from the Americas.
Executives
David Valkanoff officer: EVP, Chief Operating Officer C/O BENCHMARK ELECTRONICS INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85288
David Moezidis officer: EVP, Chief Commercial Officer C/O BENCHMARK ELECTRONICS INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85288
Douglas Britt director 1500 WEST UNIVERSITY PARKWAY, SARASOTA FL 34243
Jeffrey Stephen Mccreary director C/O MIPS TECHNOLOGIES, INC., 955 EAST ARQUES AVENUE, SUNNYVALE CA 94085
Jeff Benck director, officer: President and CEO BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Rhonda R Turner officer: Chief Human Resources Officer 20410 NORTH 19TH AVENUE, STE 200, PHOENIX AZ 85027
Ramesh Gopalakrishnan director 8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Greef-safft Anne De director 11 KEEWAYDIN DRIVE, SUITE 300, SALEM NH 03079
Roop Kalyan Lakkaraju officer: CFO BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Lynn A Wentworth director CINCINNATI BELL INC, P O BOX 2301, CINCINNATI OH 45201
Lisa K Weeks officer: Vice President 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Douglas G Duncan director 1715 AARON BRENNER DR STE 600, MEMPHIS TN 38120
Robert K Gifford director 370 WABASHA STREET NORTH, ST. PAUL MN 55102
Robert Crawford officer: Chief Revenue Officer 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Stephen J Beaver officer: VP and General Counsel 7440 E. EDWARD LANE, SCOTTSDALE AZ 85250

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