Brown-Forman (Brown-Forman) Effective Interest Rate on Debt % : 4.05% (As of Jan. 2024)

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What is Brown-Forman 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. Brown-Forman's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $132 Mil. Brown-Forman's average total debt for the quarter that ended in Jan. 2024 was $3,258 Mil. Therefore, Brown-Forman's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 4.05%.

Brown-Forman Effective Interest Rate on Debt % Historical Data

The historical data trend for Brown-Forman'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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Brown-Forman Effective Interest Rate on Debt % Chart

Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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3.49

3.22

3.14

3.40

3.47

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.53	3.91	3.87	4.01	4.05

Competitive Comparison of Brown-Forman's Effective Interest Rate on Debt %

For the Beverages - Wineries & Distilleries subindustry, Brown-Forman'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.

Brown-Forman's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Brown-Forman's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Brown-Forman's Effective Interest Rate on Debt % falls into.

Brown-Forman Effective Interest Rate on Debt % Calculation

Brown-Forman's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -90	/	( (2269	+	2913)	/ 2 )
=	-1 * -90	/	2591
=	3.47 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2019	+	250
=	2269

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2678	+	235
=	2913

Brown-Forman's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -132	/	( (3110	+	3406)	/ 2 )
=	-1 * -132	/	3258
=	4.05 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2654	+	456
=	3110

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2678	+	728
=	3406

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

Brown-Forman (NYSE:BF.B) Effective Interest Rate on Debt % Explanation

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

Brown-Forman Effective Interest Rate on Debt % Related Terms

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Brown-Forman (Brown-Forman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (NYSE:BF.B) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

BF.A:USA BF5A:Germany BF5B:Germany BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Executives

Elizabeth M Brown	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Elizabeth A Smith	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark A. Clouse	director	C/O MONDELEZ INTERNATIONAL, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Jeremy J Shepherd	officer: VP, Pres, USA & Canada	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Crystal L Peterson	officer: SVP, Chief Inclusion Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Jan Singer	director	2 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10016
Timothy M Nall	officer: SVP CIO	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Leanne D Cunningham	officer: SVP, Chief Fin Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Matias Bentel	officer: SVP, Chief Brands Officer	850 DIXIE HWY, LOUISVILLE KY 40210
Kelli Nelson	officer: SVP, Chief Accounting Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Mike J. Keyes	officer: SVP, Chief Corporate Affairs	850 DIXIE HWY, LOUISVILLE KY 40210
Tracy L Skeans	director	1441 GARDINER LANE, LOUISVILLE KY 40213
John V. Hayes	officer: SVP, Chief Marketing Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Michael Andrew Masick	officer: VP DIR CORP STRATEGY	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kathleen M. Gutmann	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328