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CommScope Holding Co (CommScope Holding Co) Effective Interest Rate on Debt % : 7.24% (As of Dec. 2023)


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What is CommScope Holding 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. CommScope Holding Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $684 Mil. CommScope Holding Co's average total debt for the quarter that ended in Dec. 2023 was $9,444 Mil. Therefore, CommScope Holding Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.24%.


CommScope Holding Co Effective Interest Rate on Debt % Historical Data

The historical data trend for CommScope Holding 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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CommScope Holding Co Effective Interest Rate on Debt % Chart

CommScope Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.32 5.93 5.86 6.17 7.17

CommScope Holding 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 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 6.72 6.94 7.06 7.15 7.24

Competitive Comparison of CommScope Holding Co's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, CommScope Holding 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.


CommScope Holding Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



CommScope Holding Co Effective Interest Rate on Debt % Calculation

CommScope Holding 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  *  -675.8/( (9546+9315.1)/ 2 )
=-1  *  -675.8/9430.55
=7.17 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9469.6 + 76.4
=9546

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9246.6 + 68.5
=9315.1

CommScope Holding 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  *  -683.6/( (9572.8+9315.1)/ 2 )
=-1  *  -683.6/9443.95
=7.24 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9499.9 + 72.9
=9572.8

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9246.6 + 68.5
=9315.1

* 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.


CommScope Holding Co  (NAS:COMM) Effective Interest Rate on Debt % Explanation

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


CommScope Holding Co Effective Interest Rate on Debt % Related Terms

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CommScope Holding Co (CommScope Holding Co) Business Description

Industry
Traded in Other Exchanges
Address
1100 CommScope Place, South East, Hickory, NC, USA, 28602
CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks. The company provides solutions for wired and wireless networks to enable service providers, including cable, telephone, data center and digital broadcast satellite operators and media programmers, to deliver media, voice, Internet Protocol (IP) data services and Wi-Fi to their subscribers and allow enterprises to experience constant wireless and wired connectivity across complex and varied networking environments. The company is into digital video and IP television (IPTV) distribution systems, broadband access infrastructure platforms and equipment that delivers data and voice networks to homes.
Executives
Linde Koen Ter officer: SVP & President, CCS COMMSCOPE HOLDING COMPANY, INC., 3642 US 70, CLAREMONT NC 28610
Watts Claudius E. Iv director THE CARLYLE GROUP, 101 S. TRYON STREET, 25TH FLOOR, CHARLOTTE NC 28280
Justin C Choi officer: SVP, Chief Legal Officer & Sec ANIXTER INTERNATIONAL INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026
Kyle David Lorentzen officer: EVP & CFO 9968 GLASGOW COURT, DUBLIN OH 43017
Timothy T Yates director ONE SYMBOL PLAZA, HOLTSVILLE NY 11742
Charles L. Treadway director, officer: President and CEO 8155 T&B BOULEVARD, MEMPHIS TN 38125
John R. Carlson officer: SVP & Chief Commercial Officer C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602
Bartolomeo Giordano officer: SVP & President, NICS 1100 COMMSCOPE PL SE, C/O COMMSCOPE HOLDING COMPANY, INC., HICKORY NC 28602
Joanne M Maguire director 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Farid Firouzbakht officer: SVP & President, OWN 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014
Laurie S. Oracion officer: SVP & CAO C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602
Frank M Drendel director, officer: Chairman of Board NEXTEL COMMUNICATIONS INC, 2001 EDMUND HALLEY DRIVE, RESTON VA 20191
Mindy Mackenzie director 510 LAKE COOK ROAD, DEERFIELD IL 60015
Markus R. Ogurek officer: SVP & President, NICS C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602
Guy Sucharczuk officer: SVP & President, ANS C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602