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Extreme Networks (Extreme Networks) Effective Interest Rate on Debt % : 6.93% (As of Dec. 2023)


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What is Extreme Networks 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. Extreme Networks's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $17 Mil. Extreme Networks's average total debt for the quarter that ended in Dec. 2023 was $246 Mil. Therefore, Extreme Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.93%.


Extreme Networks Effective Interest Rate on Debt % Historical Data

The historical data trend for Extreme Networks'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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Extreme Networks Effective Interest Rate on Debt % Chart

Extreme Networks Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.69 7.20 5.25 3.45 5.65

Extreme Networks 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 5.07 5.44 8.43 6.76 6.93

Competitive Comparison of Extreme Networks's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Extreme Networks'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.


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

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

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



Extreme Networks Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -17.385/( (351.131+264.609)/ 2 )
=-1  *  -17.385/307.87
=5.65 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=303.826 + 47.305
=351.131

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=219.436 + 45.173
=264.609

Extreme Networks'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  *  -17.076/( (246.087+246.794)/ 2 )
=-1  *  -17.076/246.4405
=6.93 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=225.979 + 20.108
=246.087

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=226.783 + 20.011
=246.794

* 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.


Extreme Networks  (NAS:EXTR) Effective Interest Rate on Debt % Explanation

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


Extreme Networks Effective Interest Rate on Debt % Related Terms

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Extreme Networks (Extreme Networks) Business Description

Industry
Traded in Other Exchanges
Address
2121 RDU Center Drive, Suite 300, Morrisville, NC, USA, 27560
Extreme Networks Inc provides software-driven networking services for enterprise customers. Its products include wired and wireless network infrastructure equipment and software for network management, policy, analytics, and access controls. It offers high-density Wi-Fi, centralized management, cloud-based network management, and application analytics capabilities. The company operates in a single segment which develops and markets network infrastructure equipment. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Europe, the Middle East, Africa, and Asia-Pacific.
Executives
Edward Meyercord director, officer: President and CEO C/O TALK AMERICA HOLDINGS INC, 12020 SUNRISE VALLEY DR, STE. 1500, RESTON VA 20191
Joseph A Vitalone officer: Chief Revenue Officer CO SHORETEL INC, 960 STEWART DRIVE, SUNNYVALE CA 94085
Raj Khanna director 145 RIO ROBLES, SAN JOSE CA 94134
Kevin R Rhodes officer: EVP Chief Financial Officer 20 HARVARD MILLS SQUARE, WAKEFIELD MA 01880
Edward H Kennedy director C/O TELLABS OPERATIONS INC, 1415 W DIEHL ROAD, NAPERVILLE IL 60563
Cristina Camahort Tate officer: Interim CFO C/O EXTREME NETWORKS, INC., 2121 RDU CENTER DRIVE SUITE 300, MORRISVILLE NC 27560
Remi Thomas officer: EVP Chief Financial Officer 6480 VIA DEL ORO, SAN JOSE CA 95119
Ingrid Burton director 1011 MCCARTHY BOULEVARD --, MILPITAS CA 95035
Kathleen M Holmgren director C/O EXTREME NETWORKS, INC, 145 RIO ROBLES, SAN JOSE CA 95134
Charles Carinalli director
John C Shoemaker director 1143 BORREGAS AVENUE, SUNNYVALE CA 94089
Robert J Gault officer: EVP Global Sales, Channel, Svc C/O EXTREME NETWORKS, INC, 145 RIO ROBLES, SAN JOSE CA 95134
Matthew Howard Cleaver officer: Interim CFO 6480 VIA DEL ORO, SAN JOSE CA 95119
Maryam Alexandrian-adams director 516 WELLS COURT, SAN RAMON CA 94582
John H Kispert director