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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. Mead Johnson Nutrition Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2017 was $123 Mil. Mead Johnson Nutrition Co's average total debt for the quarter that ended in Mar. 2017 was $2,979 Mil. Therefore, Mead Johnson Nutrition Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2017 was 4.14%.
The historical data trend for Mead Johnson Nutrition 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.
Mead Johnson Nutrition Co Annual Data | |||||||||||||||||||||
Trend | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.37 | 3.67 | 4.64 | 3.33 | 3.98 |
Mead Johnson Nutrition Co Quarterly Data | ||||||||||||||||||||
Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 3.87 | 3.91 | 3.95 | 4.06 | 4.14 |
For the Packaged Foods subindustry, Mead Johnson Nutrition 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, Mead Johnson Nutrition Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Mead Johnson Nutrition Co's Effective Interest Rate on Debt % falls into.
Mead Johnson Nutrition Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2015 ) | + | Total Debt (A: Dec. 2016 )) | / count ) |
= | -1 * -118.7 | / | ( (2984 | + | 2980.1) | / 2 ) |
= | -1 * -118.7 | / | 2982.05 | |||
= | 3.98 % |
where
Total Debt (A: Dec. 2015 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2981 | + | 3 |
= | 2984 |
Total Debt (A: Dec. 2016 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2976.2 | + | 3.9 |
= | 2980.1 |
Mead Johnson Nutrition Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2017 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Dec. 2016 ) | + | Total Debt (Q: Mar. 2017 )) | / count ) |
= | -1 * -123.2 | / | ( (2980.1 | + | 2977.8) | / 2 ) |
= | -1 * -123.2 | / | 2978.95 | |||
= | 4.14 % |
where
Total Debt (Q: Dec. 2016 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2976.2 | + | 3.9 |
= | 2980.1 |
Total Debt (Q: Mar. 2017 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2973.3 | + | 4.5 |
= | 2977.8 |
* 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 (Mar. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Mead Johnson Nutrition Co (NYSE:MJN) 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 Mead Johnson Nutrition Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kimberly A Casiano | director | C/O FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126 |
James E. Shiah | officer: SVP and Controller | 2 PARK AVENUE, NEW YORK NY 10016 |
Howard B Bernick | director | 1100 N WOOD DALE RD, WOOD DALE IL 60191 |
Michael A. Sherman | director | 3000 KENT AVE STE A1-100, WEST LAFAYETTE IN 47906 |
Robert S Singer | director | 6301 FITCH PATH, NEW ALBANY OH 43054 |
Celeste A. Clark | director | C/O ADVANCEPIERRE FOODS HOLDINGS, INC., 9987 CARVER ROAD, BLUE ASH OH 45242 |
Peter Gervis Ratcliffe | director | |
Steven Altschuler | director | MEAD JOHNSON NUTRITION COMPANY, 2701 PATRIOT BLVD, GLENVIEW IL 60026 |
Patrick M Sheller | officer: SVP, Gen. Counsel & Secretary | 343 STATE STREET, ROCHESTER NY 14650 |
Elliot Sigal | director | |
James M Cornelius | director | |
Michael Grobstein | director | C/O GUIDANT CORP, 111 MONUMENT CIRCLE #2900, INDIANAPOLIS IN 46204-5129 |
Anna C Catalano | director | 1313 NORTH MARKET STREET, WILMINGTON DE 19894 |
Peter G Leemputte | officer: EVP and CFO | CHICAGO TITLE CORP, 171 N CLARK ST, CHICAGO IL 80601 |
Lynn H Clark | officer: Sr. VP, Human Resources | 2400 WEST LLOYD EXPRESSWAY, EVANSVILLE IL 47721 |
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