Frontier Communications Parent (Frontier Communications Parent) Effective Interest Rate on Debt % : 6.85% (As of Dec. 2023)

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What is Frontier Communications Parent 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. Frontier Communications Parent's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $772 Mil. Frontier Communications Parent's average total debt for the quarter that ended in Dec. 2023 was $11,267 Mil. Therefore, Frontier Communications Parent's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.85%.

Frontier Communications Parent Effective Interest Rate on Debt % Historical Data

The historical data trend for Frontier Communications Parent'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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Frontier Communications Parent Effective Interest Rate on Debt % Chart

Frontier Communications Parent Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

13.18

5.75

6.41

Frontier Communications Parent Quarterly Data
	Dec19	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											5.96	5.94	6.05	6.44	6.85

Competitive Comparison of Frontier Communications Parent's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Frontier Communications Parent'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.

Frontier Communications Parent's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Frontier Communications Parent's Effective Interest Rate on Debt % distribution charts can be found below:

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

Frontier Communications Parent Effective Interest Rate on Debt % Calculation

Frontier Communications Parent'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 * -653	/	( (9125	+	11261)	/ 2 )
=	-1 * -653	/	10193
=	6.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9110	+	15
=	9125

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11246	+	15
=	11261

Frontier Communications Parent'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 * -772	/	( (11273	+	11261)	/ 2 )
=	-1 * -772	/	11267
=	6.85 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11258	+	15
=	11273

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11246	+	15
=	11261

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.

Frontier Communications Parent (NAS:FYBR) Effective Interest Rate on Debt % Explanation

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

Frontier Communications Parent Effective Interest Rate on Debt % Related Terms

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Frontier Communications Parent (Frontier Communications Parent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Frontier Communications Parent Inc (NAS:FYBR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Merritt 7, Norwalk, CT, USA, 06851

Website

https://www.frontier.com

Frontier Communications Parent Inc offers a variety of services to residential and business customers over its fiber-optic and copper networks, including video, high-speed internet, advanced voice, and Frontier Secure digital protection solutions. It offers communications solutions to small, medium, and enterprise businesses.

Executives

Ares Management Llc	10 percent owner	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 2 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 5 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 4 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 3 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 1 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 6 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii A (de) Frontier Holdings 2 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii A (de) Frontier Holdings 1 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Asof Ii Frontier Holdings 7 L.p.	10 percent owner	C/O ASOF INVESTMENT MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
William Mcgloin	officer: Chief Accounting Officer	C/O FRONTIER COMMUNICATIONS PARENT, INC., 401 MERRITT 7, NORWALK CT 06851
John G Stratton	director, officer: Executive Chairman	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Charlon Mcintosh	officer: See Remarks	C/O FRONTIER COMMUNICATIONS PARENT, INC., 401 MERRITT 7, NORWALK CT 06851
Melissa Pint	officer: Chief Digital Info. Officer	C/O FRONTIER COMMUNICATIONS PARENT, INC., 401 MERRITT 7, NORWALK CT 06851
Margaret Mary Smyth	director	PO BOX 33428, ST. PAUL MN 55133