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Snyder′s-Lance (Snyder′s-Lance) Effective Interest Rate on Debt % : 3.71% (As of Dec. 2017)


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What is Snyder′s-Lance 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. Snyder′s-Lance's annualized positive value of Interest Expense for the quarter that ended in Dec. 2017 was $41 Mil. Snyder′s-Lance's average total debt for the quarter that ended in Dec. 2017 was $1,097 Mil. Therefore, Snyder′s-Lance's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2017 was 3.71%.


Snyder′s-Lance Effective Interest Rate on Debt % Historical Data

The historical data trend for Snyder′s-Lance'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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Snyder′s-Lance Effective Interest Rate on Debt % Chart

Snyder′s-Lance Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 2.83 2.62 3.89 3.27

Snyder′s-Lance Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 2.81 2.93 3.32 3.60 3.71

Competitive Comparison of Snyder′s-Lance's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Snyder′s-Lance'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.


Snyder′s-Lance's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Snyder′s-Lance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Snyder′s-Lance's Effective Interest Rate on Debt % falls into.



Snyder′s-Lance Effective Interest Rate on Debt % Calculation

Snyder′s-Lance's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -38.765/( (1294.959+1074.533)/ 2 )
=-1  *  -38.765/1184.746
=3.27 %

where

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1245.959 + 49
=1294.959

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1025.533 + 49
=1074.533

Snyder′s-Lance's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2017 )+Total Debt  (Q: Dec. 2017 ))/ count )
=-1  *  -40.712/( (1119.153+1074.533)/ 2 )
=-1  *  -40.712/1096.843
=3.71 %

where

Total Debt  (Q: Sep. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1070.153 + 49
=1119.153

Total Debt  (Q: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1025.533 + 49
=1074.533

* 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. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Snyder′s-Lance  (NAS:LNCE) Effective Interest Rate on Debt % Explanation

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


Snyder′s-Lance Effective Interest Rate on Debt % Related Terms

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Snyder′s-Lance (Snyder′s-Lance) Business Description

Traded in Other Exchanges
N/A
Address
Snyder's-Lance makes, sells, and distributes a variety of packaged snack foods. About 78% of 2016 net revenue came from branded products, with the remainder from distribution of third-party brands and contract manufacturing. More than 90% of sales come from the United States. The company's largest brands include Snyder's of Hanover, Lance, Cape Cod, Pretzel Crisps, and Late July, and the firm added Kettle, Pop Secret, and Emerald after its 2016 acquisition of Diamond Foods and subsequent sale of Diamond culinary nuts.
Executives
Lawrence V Jackson director C/O ASSURANT, INC., 28 LIBERTY ST., 41 F, NEW YORK NY 10005
Brian J Driscoll director, officer: President & CEO THREE LAKES DR, NORTHFIELD IL 60093
Isaiah Tidwell director 1059 HUNTERS BROOK COURT, ATLANTA GA 30319
Alexander W Pease officer: EVP & CFO 5605 CARNEGIE BOULEVARD, SUTIE 500, CHARLOTTE NC 28209
Gail Sharps Myers officer: SVP, General Counsel & Sec 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Andrea L. Frohning officer: Chief Human Resources Officer C/O DENTSLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Wilbur J Prezzano director 13515 BALLANTYNE CORPORATE PL, CHARLOTTE NC 28277
Rick D Puckett officer: EVP, CFO and Chief Admin. Ofc. 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202
Kevin A Henry officer: Chief Human Resources Officer 13024 BALLANTYNE CORPORATE PLACE, HARRIS BUILDING, SUITE 900, CHARLOTTE NC 28277
David V Singer director, officer: CEO 13024 BALLANTYNE CORPORATE PL, SUITE 900, CHARLOTTE NC 28277
William R Holland director C/O GOODRICH COPRORATION, 2730 WEST TYVOLA ROAD, CHARLOTTE NC 28269
J P Bolduc director PO BOX 7003, ROCKFORD IL 61125-7003
Barbara R Allen director
David L Burner director C/O GOODRICH CORP 2730 WEST TYVOLA RD CHARLOTTE NC 28217
B Clyde Preslar officer: Vice Pres., CFO and Sec. 305 GREGSON DRIVE, CARY NC 27518

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