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TD Synnex (TD Synnex) Effective Interest Rate on Debt % : 7.50% (As of Feb. 2024)


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What is TD Synnex 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. TD Synnex's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $304 Mil. TD Synnex's average total debt for the quarter that ended in Feb. 2024 was $4,046 Mil. Therefore, TD Synnex's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 7.50%.


TD Synnex Effective Interest Rate on Debt % Historical Data

The historical data trend for TD Synnex'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.

TD Synnex Effective Interest Rate on Debt % Chart

TD Synnex Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.29 3.41 5.48 5.40 7.04

TD Synnex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 7.55 7.00 6.62 6.48 7.50

Competitive Comparison of TD Synnex's Effective Interest Rate on Debt %

For the Electronics & Computer Distribution subindustry, TD Synnex'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.


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

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

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



TD Synnex Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -288.318/( (4103.793+4082.778)/ 2 )
=-1  *  -288.318/4093.2855
=7.04 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3835.665 + 268.128
=4103.793

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3099.193 + 983.585
=4082.778

TD Synnex's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -303.564/( (4082.778+4009.106)/ 2 )
=-1  *  -303.564/4045.942
=7.50 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3099.193 + 983.585
=4082.778

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3082.367 + 926.739
=4009.106

* 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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


TD Synnex  (NYSE:SNX) Effective Interest Rate on Debt % Explanation

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


TD Synnex Effective Interest Rate on Debt % Related Terms

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TD Synnex (TD Synnex) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TD Synnex Corp (NYSE:SNX) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
44201 Nobel Drive, Fremont, CA, USA, 94538
TD Synnex Corp is a global distributor and solutions aggregator for the IT ecosystem. Its edge-to-cloud portfolio is anchored in some of the technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility, and everything as a service.
Executives
Michael Urban officer: President, Worldwide Distrib. 44201 NOBEL DRIVE, FREMONT CA 94538
Dennis Polk director, officer: Chief Operating Officer 44201 NOBEL DRIVE, FREMONT CA 94538
Fred A Breidenbach director
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Peer Developments Ltd 10 percent owner 4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
Silver Star Developments Ltd 10 percent owner NO 200 WEN HWA 2ND RD, KUEI SHAN HSIANG, TAOYUAN F5 00000
Matthew Miau director 44201 NOBEL DRIVE, FREMONT CA 94538
Claude J Pumilia director 6363 S FIDDLER'S GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111
Kathleen M Crusco director C/O CALIX, INC., 1035 N. MCDOWELL BLVD, PETALUMA CA 94954
Marshall Witt officer: Chief Financial Officer 44201 NOBEL DRIVE, FREMONT CA 94538
Ap Ix Tiger Co-invest (ml) Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Ap Ix Tiger Holdings Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Tiger Parent Holdings Gp, Llc 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Ap Ix Tiger Co-invest (ml), L.p. 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Richard T Hume director, officer: Chief Executive Officer 5350 TECH DATA DRIVE, CLEARWATER FL 33760