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Alphabet(Google) (GOOGL) Effective Interest Rate on Debt %

: 0.96% (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. Alphabet(Google)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $276 Mil. Alphabet(Google)'s average total debt for the quarter that ended in Dec. 2023 was $28,775 Mil. Therefore, Alphabet(Google)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.96%.


Alphabet(Google) Effective Interest Rate on Debt % Historical Data

The historical data trend for Alphabet(Google)'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.

Alphabet(Google) 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 1.00 0.63 1.25 1.23 1.06

Alphabet(Google) 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 1.23 1.09 0.59 1.60 0.96

Competitive Comparison

For the Internet Content & Information subindustry, Alphabet(Google)'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.


Alphabet(Google) Effective Interest Rate on Debt % Distribution

For the Interactive Media industry and Communication Services sector, Alphabet(Google)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Alphabet(Google)'s Effective Interest Rate on Debt % falls into.



Alphabet(Google) Effective Interest Rate on Debt % Calculation

Alphabet(Google)'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  *  -308/( (29679+28504)/ 2 )
=-1  *  -308/29091.5
=1.06 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27202 + 2477
=29679

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25713 + 2791
=28504

Alphabet(Google)'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  *  -276/( (29046+28504)/ 2 )
=-1  *  -276/28775
=0.96 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26331 + 2715
=29046

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25713 + 2791
=28504

* 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.


Alphabet(Google)  (NAS:GOOGL) Effective Interest Rate on Debt % Explanation

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


Alphabet(Google) Effective Interest Rate on Debt % Related Terms

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Alphabet(Google) (GOOGL) Business Description

Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), provide faster internet access (Google Fiber), enable self-driving cars (Waymo), and more.
Executives
R. Martin Chavez director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Prabhakar Raghavan officer: Senior Vice President C/O ALPHABET INC.,, 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Philipp Schindler officer: SVP, Chief Business Officer C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94568
John Kent Walker officer: SVP, Global Affairs and CLO 1600 AMPHITHEATRE PRKW, MOUNTAIN VIEW CA 94043
Frances Arnold director 5200 ILLUMINA WAY, SAN DIEGO CA 92122
Robin L Washington director 333 LAKESIDE DRIVE, FOSTER CITY CA 94404
Amie Thuener O'toole officer: VP, Chief Accounting Officer C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Antonio Lee 10 percent owner, other: Investor/Large Shareholder 4009 216TH STREET, MATTESON IL 60443
Ferguson Roger W. Jr. director CORNING INCORPORATED, ONE RIVERFRONT PLAZA, CORNING NY 14831
James Grier Campbell officer: VP, Alphabet Corp. Controller 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
John L Hennessy director
Kavitark Ram Shriram director 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Alan R Mulally director P.O. BOX 995, MERCER ISLAND WA 98040
Ann Mather director
Shirley M Tilghman director GOOGLE INC., 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043