Samsung Electronics Co (Samsung Electronics Co) Effective Interest Rate on Debt % : 2.57% (As of Dec. 2023)

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What is Samsung Electronics Co 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. Samsung Electronics Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $222 Mil. Samsung Electronics Co's average total debt for the quarter that ended in Dec. 2023 was $8,629 Mil. Therefore, Samsung Electronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.57%.

Samsung Electronics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Samsung Electronics 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.

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Samsung Electronics Co Effective Interest Rate on Debt % Chart

Samsung Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.07

3.12

2.14

5.02

8.05

Samsung Electronics Co 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															10.03	11.45	12.07	11.49	2.57

Competitive Comparison of Samsung Electronics Co's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Samsung Electronics 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.

Samsung Electronics Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Samsung Electronics Co Effective Interest Rate on Debt % Calculation

Samsung Electronics Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -713.168	/	( (7988.203	+	9725.542)	/ 2 )
=	-1 * -713.168	/	8856.8725
=	8.05 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3167.04	+	4821.163
=	7988.203

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3267.775	+	6457.767
=	9725.542

Samsung Electronics Co'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 * -221.996	/	( (7532.424	+	9725.542)	/ 2 )
=	-1 * -221.996	/	8628.983
=	2.57 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3322.188	+	4210.236
=	7532.424

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3267.775	+	6457.767
=	9725.542

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.

Samsung Electronics Co (OTCPK:SSNLF) Effective Interest Rate on Debt % Explanation

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

Samsung Electronics Co Effective Interest Rate on Debt % Related Terms

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Samsung Electronics Co (Samsung Electronics Co) Business Description

Industry

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Traded in Other Exchanges

SMSNN:Mexico 005935:Korea 005930:Korea BC94:UK SMSNl:UK SMSN:UK SMSD:UK SSUN:Germany

Address

129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 443-742

Website

https://www.samsung.com

Samsung Electronics is a diversified electronics conglomerate that manufactures and sells a wide range of products, including smartphones, semiconductor chips, printers, home appliances, medical equipment, and telecom network equipment. More than half of its profit is generated from semiconductor business, and a further 25% is generated from its mobile handset business, although these percentages vary with the fortunes of each of these businesses. It is the largest smartphone and television manufacturer in the world, which helps provide a base demand for its component businesses, such as memory chips and displays, and is also the largest manufacturer of these globally.