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Flex (FLEX) Effective Interest Rate on Debt % : 5.40% (As of Dec. 2023)


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What is Flex 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. Flex's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $212 Mil. Flex's average total debt for the quarter that ended in Dec. 2023 was $3,923 Mil. Therefore, Flex's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.40%.


Flex Effective Interest Rate on Debt % Historical Data

The historical data trend for Flex'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.

Flex Effective Interest Rate on Debt % Chart

Flex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.87 4.55 4.18 3.48 4.97

Flex 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 5.51 5.33 4.45 5.29 5.40

Competitive Comparison of Flex's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Flex'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.


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

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

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



Flex Effective Interest Rate on Debt % Calculation

Flex's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -226/( (4748+4347)/ 2 )
=-1  *  -226/4547.5
=4.97 %

where

Flex'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  *  -212/( (3909+3936)/ 2 )
=-1  *  -212/3922.5
=5.40 %

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Flex  (NAS:FLEX) Effective Interest Rate on Debt % Explanation

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


Flex Effective Interest Rate on Debt % Related Terms

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Flex (FLEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Flex Ltd (NAS:FLEX) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
2 Changi South Lane, Singapore, SGP, 486123
Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.
Executives
Erin Mcsweeney director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
David Scott Offer officer: EVP, General Counsel 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Paul Lundstrom officer: Chief Financial Officer 222 N. SEPULVEDA BLVD., SUITE 500, EL SEGUNDO CA 90245
Revathi Advaithi director, officer: Chief Executive Officer EATON HOUSE, 30 PEMBROKE ROAD, DUBLIN 4 L2 -
Kwang Hooi Tan officer: Group President 6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Michael P Hartung officer: President, Agility Solutions 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Daniel Wendler officer: Chief Accounting Officer 6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Rebecca Sidelinger officer: Group President 6201 AMERICA CENTER DRIVE, ATTN: LEGAL, SAN JOSE CA 95002
Stevens Charles K. Iii director 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Maryrose Sylvester director C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Pat Ward director 500 JACKSON STREET, COLUMBUS IN 47201
Francois Barbier officer: President, Global Operations ONE MARINA BOULEVARD, #28-00, SINGAPORE U0 018989
David P Bennett officer: Chief Accounting Officer 3616 NICOLE AVE, PLEASANTON CA 94588
Todd Fruchterman officer: Pres, Reliability Solutions C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
John D Harris director C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002