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Archer-Daniels Midland Co (Archer-Daniels Midland Co) Effective Interest Rate on Debt %

: 6.91% (As of Dec. 2023)
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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. Archer-Daniels Midland Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $660 Mil. Archer-Daniels Midland Co's average total debt for the quarter that ended in Dec. 2023 was $9,548 Mil. Therefore, Archer-Daniels Midland Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.91%.


Archer-Daniels Midland Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Archer-Daniels Midland 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.

* Premium members only.

Archer-Daniels Midland Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.40 3.24 2.45 3.80 6.51

Archer-Daniels Midland 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 % 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 Premium Member Only Premium Member Only Premium Member Only 5.35 5.39 6.74 6.42 6.91

Competitive Comparison

For the Farm Products subindustry, Archer-Daniels Midland 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.


Archer-Daniels Midland Co Effective Interest Rate on Debt % Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Archer-Daniels Midland Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Archer-Daniels Midland Co's Effective Interest Rate on Debt % falls into.



Archer-Daniels Midland Co Effective Interest Rate on Debt % Calculation

Archer-Daniels Midland 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  *  -647/( (10288+9596)/ 2 )
=-1  *  -647/9942
=6.51 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8551 + 1737
=10288

Archer-Daniels Midland 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  *  -660/( (9500+9596)/ 2 )
=-1  *  -660/9548
=6.91 %

where

* 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.


Archer-Daniels Midland Co  (NYSE:ADM) Effective Interest Rate on Debt % Explanation

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


Archer-Daniels Midland Co Effective Interest Rate on Debt % Related Terms

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Archer-Daniels Midland Co (Archer-Daniels Midland Co) Business Description

Address
77 West Wacker Drive, Suite 4600, Chicago, IL, USA, 60601
Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.
Executives
Regina Jones officer: Senior Vice President 7102 COMMERCE WAY, BRENTWOOD TN 37027
Strader Fruit Molly L officer: Vice Pres., Corp. Controller 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Brabander Ellen De director 2500 INNOVATION WAY, GREENFIELD IN 46140
D Cameron Findlay officer: Senior Vice President 77 W. WACKER DR., SUITE 2600, CHICAGO IL 60601
Juan R Luciano officer: Executive V.P. & COO 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Francisco J Sanchez director 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Gregory A Morris officer: Senior Vice President 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Collins James C. Jr. director 1007 MARKET STREET, D-9058, WILMINGTON DE 19898
Vikram Luthar officer: Vice President & Treasurer ARCHER-DANIELS-MIDLAND COMPANY, 77 WEST WACKER DRIVE, SUITE 4600, CHICAGO IL 60601
Christopher M Cuddy officer: President-Corn 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Vincent F Macciocchi officer: Senior Vice President 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601
Ray G Young officer: Sr. Vice President 77 WEST WACKER DR., SUITE 4600, CHICAGO IL 60601
Theodore Iii Colbert director C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, CHICAGO IL 60606-1596
Jennifer L Weber officer: Senior Vice President 1000 LOWES BOULEVARD, MOORESVILLE NC 28117
Joseph D. Taets officer: Vice President 77 W. WACKER DR., SUITE 4600, CHICAGO IL 60601