Microchip Technology (BSP:M1CH34) Effective Interest Rate on Debt % : 3.20% (As of Dec. 2023)

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What is Microchip Technology 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. Microchip Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R$931 Mil. Microchip Technology's average total debt for the quarter that ended in Dec. 2023 was R$29,115 Mil. Therefore, Microchip Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.20%.

Microchip Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Microchip Technology'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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Microchip Technology Effective Interest Rate on Debt % Chart

Microchip Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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7.53

5.42

3.90

2.71

2.76

Microchip Technology 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															2.89	2.72	2.74	2.98	3.20

Competitive Comparison of Microchip Technology's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Microchip Technology'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.

Microchip Technology's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Microchip Technology Effective Interest Rate on Debt % Calculation

Microchip Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -1012.552	/	( (39063.744	+	34376.76)	/ 2 )
=	-1 * -1012.552	/	36720.252
=	2.76 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38895.542	+	168.202
=	39063.744

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26930.025	+	7446.735
=	34376.76

Microchip Technology'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 * -930.96	/	( (30166.074	+	28064.094)	/ 2 )
=	-1 * -930.96	/	29115.084
=	3.20 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21802.879	+	8363.195
=	30166.074

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19762.363	+	8301.731
=	28064.094

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.

Microchip Technology (BSP:M1CH34) Effective Interest Rate on Debt % Explanation

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

Microchip Technology Effective Interest Rate on Debt % Related Terms

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Microchip Technology (BSP:M1CH34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Microchip Technology Inc (BSP:M1CH34) » Definitions » Effective Interest Rate on Debt %

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Address

2355 West Chandler Boulevard, Chandler, AZ, USA, 85224-6199

Website

https://www.microchip.com

Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.

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