Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Effective Interest Rate on Debt % : 5.99% (As of Mar. 2024)

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What is Clear Channel Outdoor Holdings 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. Clear Channel Outdoor Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $431 Mil. Clear Channel Outdoor Holdings's average total debt for the quarter that ended in Mar. 2024 was $7,183 Mil. Therefore, Clear Channel Outdoor Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.99%.

Clear Channel Outdoor Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Clear Channel Outdoor Holdings'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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Clear Channel Outdoor Holdings Effective Interest Rate on Debt % Chart

Clear Channel Outdoor Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.82

5.04

4.82

5.06

5.94

Clear Channel Outdoor Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.79	5.89	6.03	5.98	5.99

Competitive Comparison of Clear Channel Outdoor Holdings's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Clear Channel Outdoor Holdings'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.

Clear Channel Outdoor Holdings's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Clear Channel Outdoor Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Clear Channel Outdoor Holdings's Effective Interest Rate on Debt % falls into.

Clear Channel Outdoor Holdings Effective Interest Rate on Debt % Calculation

Clear Channel Outdoor Holdings'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 * -421.434	/	( (7011.383	+	7174.624)	/ 2 )
=	-1 * -421.434	/	7093.0035
=	5.94 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6778.228	+	233.155
=	7011.383

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6957.434	+	217.19
=	7174.624

Clear Channel Outdoor Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -430.62	/	( (7174.624	+	7191.449)	/ 2 )
=	-1 * -430.62	/	7183.0365
=	5.99 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6957.434	+	217.19
=	7174.624

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6979.574	+	211.875
=	7191.449

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

Clear Channel Outdoor Holdings (NYSE:CCO) Effective Interest Rate on Debt % Explanation

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

Clear Channel Outdoor Holdings Effective Interest Rate on Debt % Related Terms

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Clear Channel Outdoor Holdings (Clear Channel Outdoor Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Clear Channel Outdoor Holdings Inc (NYSE:CCO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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C7C1:Germany

Address

4830 North Loop 1604 West, Suite 111, San Antonio, TX, USA, 78249

Website

https://www.clearchanneloutdoor.com

Clear Channel Outdoor Holdings Inc is one of the world's largest outdoor advertising companies. The company is engaged in providing advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays for its clients. Its reportable segment includes America; Airports; Europe-North and Europe-South. The company generates maximum revenue from the America segment. The America segment serves markets throughout the U.S., with over 90% of its revenue generated from billboard displays.

Executives

Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii A (de) Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Justin Cochrane	officer: CEO, UK & Europe	4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Ares Voting Llc	10 percent owner	C/O ARES MGMT, 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Assf Operating Manager Iv, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Acof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Gp Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Partners Holdco Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Ares Management Holdings L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067
Ares Management Corp	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Investment Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067
Asof Holdings I, L.p.	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT LLC, LOS ANGELES CA 90067
Assf Iv Aiv B Holdings Iii, L.p.	10 percent owner	2000 AVE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067