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Leonardo SpA (Leonardo SpA) Effective Interest Rate on Debt % : 5.83% (As of Sep. 2023)


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What is Leonardo SpA 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. Leonardo SpA's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $137 Mil. Leonardo SpA's average total debt for the quarter that ended in Sep. 2023 was $2,345 Mil. Therefore, Leonardo SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.83%.

Leonardo SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Leonardo SpA'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.

Leonardo SpA Effective Interest Rate on Debt % Chart

Leonardo SpA 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 4.74 4.01 2.82 2.71 -

Leonardo SpA 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 3.61 3.42 2.91 5.83 -

Competitive Comparison of Leonardo SpA's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Leonardo SpA'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.

Leonardo SpA's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Leonardo SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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


Leonardo SpA Effective Interest Rate on Debt % Calculation

Leonardo SpA's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -122.881/( (5307.344+3758.475)/ 2 )
=-1  *  -122.881/4532.9095
=2.71 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4451.977 + 855.367
=5307.344

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3562.5 + 195.975
=3758.475

Leonardo SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -136.608/( (4026.002+663.821)/ 2 )
=-1  *  -136.608/2344.9115
=5.83 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3691.224 + 334.778
=4026.002

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=564.568 + 99.253
=663.821

* 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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Leonardo SpA  (OTCPK:FINMY) Effective Interest Rate on Debt % Explanation

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

Leonardo SpA Effective Interest Rate on Debt % Related Terms

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Leonardo SpA (Leonardo SpA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Leonardo SpA (OTCPK:FINMY) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
MIL:FCT MIL:AVIO MIL:DTH MIL:OS MIL:PAG XPAR:AIR RTX BA LMT XPAR:SAF GD NOC TDG LSE:BA. LSE:RR. LHX XPAR:HO HWM BOM:541154 XTER:RHM
Traded in Other Exchanges
FINMF:USA LDO:Italy LDOm:UK 0ONG:UK FMNB:Germany LDO:Austria
Address
Piazza Monte Grappa 4, Rome, ITA, 00195
Website
http://www.leonardocompany.com
Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group's divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the U.S. defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.