CNH Industrial NV (CNH Industrial NV) Effective Interest Rate on Debt % : 6.12% (As of Dec. 2023)

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What is CNH Industrial NV 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. CNH Industrial NV's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,616 Mil. CNH Industrial NV's average total debt for the quarter that ended in Dec. 2023 was $26,413 Mil. Therefore, CNH Industrial NV's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.12%.

CNH Industrial NV Effective Interest Rate on Debt % Historical Data

The historical data trend for CNH Industrial NV'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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CNH Industrial NV Effective Interest Rate on Debt % Chart

CNH Industrial NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.21

2.55

2.31

3.32

5.29

CNH Industrial NV 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															4.40	4.63	5.29	5.50	6.12

Competitive Comparison of CNH Industrial NV's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, CNH Industrial NV'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.

CNH Industrial NV's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CNH Industrial NV's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where CNH Industrial NV's Effective Interest Rate on Debt % falls into.

CNH Industrial NV Effective Interest Rate on Debt % Calculation

CNH Industrial NV'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 * -1345	/	( (23190	+	27626)	/ 2 )
=	-1 * -1345	/	25408
=	5.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23190	+	0
=	23190

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16149	+	11477
=	27626

CNH Industrial NV'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 * -1616	/	( (25199	+	27626)	/ 2 )
=	-1 * -1616	/	26412.5
=	6.12 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25199	+	0
=	25199

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16149	+	11477
=	27626

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.

CNH Industrial NV (NYSE:CNHI) Effective Interest Rate on Debt % Explanation

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

CNH Industrial NV Effective Interest Rate on Debt % Related Terms

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CNH Industrial NV (CNH Industrial NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CNH Industrial NV (NYSE:CNHI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

1CNHI:Italy 1CNHIm:UK 0QGU:UK 37C:Germany 37C:Germany CNHI:Austria

Address

25 St. James's Street, London, GBR, SW1A 1HA

Website

https://www.cnhindustrial.com

CNH Industrial is a global manufacturer of heavy machinery, with a range of products including agricultural and construction equipment. One of its most recognizable brands, Case IH, has served farmers for generations. The company's products are available through a robust dealer network, which includes over 3,600 dealer and distribution locations globally. CNH's finance arm provides retail financing for equipment to its customers in addition to wholesale financing for dealers, which increases the likelihood of product sales.