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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. Campbell Soup Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $184 Mil. Campbell Soup Co's average total debt for the quarter that ended in Jan. 2024 was $4,613 Mil. Therefore, Campbell Soup Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.99%.
The historical data trend for Campbell Soup Co'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.
Campbell Soup Co Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 3.96 | 4.62 | 3.58 | 3.66 | 3.75 |
Campbell Soup Co 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 | 3.82 | 4.03 | 4.03 | 4.05 | 3.99 |
For the Packaged Foods subindustry, Campbell Soup Co'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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Campbell Soup Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Campbell Soup Co's Effective Interest Rate on Debt % falls into.
Campbell Soup Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Jul. 2022 ) | + | Total Debt (A: Jul. 2023 )) | / count ) |
= | -1 * -188 | / | ( (5048 | + | 4967) | / 2 ) |
= | -1 * -188 | / | 5007.5 | |||
= | 3.75 % |
where
Total Debt (A: Jul. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4172 | + | 876 |
= | 5048 |
Total Debt (A: Jul. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4706 | + | 261 |
= | 4967 |
Campbell Soup Co'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 * -184 | / | ( (4706 | + | 4520) | / 2 ) |
= | -1 * -184 | / | 4613 | |||
= | 3.99 % |
where
Total Debt (Q: Oct. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4500 | + | 206 |
= | 4706 |
Total Debt (Q: Jan. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 4506 | + | 14 |
= | 4520 |
* 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.
Campbell Soup Co (NYSE:CPB) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Campbell Soup Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Sanzio | officer: Executive Vice President | 1 CAMPBELL PLACE, CAMDEN NJ 08103 |
Stanley Polomski | officer: Vice President and Controller | ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Carrie L Anderson | officer: Executive Vice President & CFO | 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515 |
Adam Grey Ciongoli | officer: Senior Vice President | ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Bennett Jr Dorrance | director | 1, CAMPBELL PLACE, CAMDEN NJ 08103 |
Craig Slavtcheff | officer: Senior Vice President | 1 CAMPBELL PLACE, CAMDEN NJ 08103 |
Daniel L Poland | officer: EVP, Chief Supply Chain Off. | 399 JEFFERSON ROAD, PARSIPPANY NJ 07054 |
May Diane Johnson | officer: Executive VP & CHRO | C/O KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Grant Hill | director | 121 ORANGE AVE, SUITE 1500, ORLANDO FL 32801 |
Valerie Oswalt | officer: Executive Vice President | 1 CAMPBELL PLACE, ATTN: LEGAL DEPARTMENT, CAMDEN NJ 08103 |
Mick J Beekhuizen | officer: Senior Vice President & CFO | C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004 |
Robert Furbee | officer: Senior Vice President | ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Randall W Larrimore | director | OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105 |
Christopher Foley | officer: Senior Vice President | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
John P Bilbrey | director |
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