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TechnipFMC (TechnipFMC) Effective Interest Rate on Debt %

: 5.74% (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. TechnipFMC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $120 Mil. TechnipFMC's average total debt for the quarter that ended in Dec. 2023 was $2,099 Mil. Therefore, TechnipFMC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.74%.


TechnipFMC Effective Interest Rate on Debt % Historical Data

The historical data trend for TechnipFMC'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.

TechnipFMC 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 2.80 2.75 4.40 5.42 5.74

TechnipFMC 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 6.00 4.67 5.86 5.35 5.74

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, TechnipFMC'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.


TechnipFMC Effective Interest Rate on Debt % Distribution

For the Oil & Gas industry and Energy sector, TechnipFMC's Effective Interest Rate on Debt % distribution charts can be found below:

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



TechnipFMC Effective Interest Rate on Debt % Calculation

TechnipFMC'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  *  -122.2/( (2291.7+1969.2)/ 2 )
=-1  *  -122.2/2130.45
=5.74 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1736.4 + 555.3
=2291.7

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1669 + 300.2
=1969.2

TechnipFMC'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  *  -120.4/( (2228.9+1969.2)/ 2 )
=-1  *  -120.4/2099.05
=5.74 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1683 + 545.9
=2228.9

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1669 + 300.2
=1969.2

* 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.


TechnipFMC  (NYSE:FTI) Effective Interest Rate on Debt % Explanation

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


TechnipFMC Effective Interest Rate on Debt % Related Terms

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TechnipFMC (TechnipFMC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (NYSE:FTI) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
13460 Lockwood Road, Houston, TX, USA, 77044
TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.
Executives
Cristina Aalders officer: EVP, Chief Legal Officer & Sec ONE SUBSEA LANE, HOUSTON TX 77044
De Carvalho Filho Eleazar director HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Robert G Gwin director 1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Jonathan Landes officer: President Subsea ONE SUBSEA LANE, HOUSTON TX 77044
Thierry Conti officer: President, Surface ONE SUBSEA LANE, HOUSTON TX 77044
Luana Duffe officer: EVP, New Energy Ventures ONE SUBSEA LANE, HOUSTON TX 77044
Nisha P. Rai officer: EVP, People & Culture ONE SUBSEA LANE, HOUSTON TX 77044
Rousset Sophie Zurquiyah director C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Alf Melin officer: EVP & Chief Financial Officer ONE SUBSEA LANE, HOUSTON TX 77044
Victoria Lazar officer: EVP, General Counsel & Sec ONE SUBSEA LANE, HOUSTON TX 77044
Margareth Oevrum director FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Oleary John C G director C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Olivier Piou director ONE ST. PAUL'S CHURCHYARD, LONDON X0 EC4M 8AP
Maryann T. Mannen officer: EVP & Chief Financial Officer C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Catherine Macgregor officer: President Onshore/Offshore 6 ALLEE DE LARCHE FAUBOURG DE LARCHE, ZAC DANTON, COURBEVOIE I0 92400