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Honeywell International (Honeywell International) Effective Interest Rate on Debt % : 3.76% (As of Mar. 2024)


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What is Honeywell International 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. Honeywell International's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $880 Mil. Honeywell International's average total debt for the quarter that ended in Mar. 2024 was $23,396 Mil. Therefore, Honeywell International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.76%.


Honeywell International Effective Interest Rate on Debt % Historical Data

The historical data trend for Honeywell International'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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Honeywell International Effective Interest Rate on Debt % Chart

Honeywell International 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 2.17 1.80 1.56 2.01 3.64

Honeywell International Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.43 3.69 3.96 3.86 3.76

Competitive Comparison of Honeywell International's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Honeywell International'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.


Honeywell International's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Effective Interest Rate on Debt % distribution charts can be found below:

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



Honeywell International Effective Interest Rate on Debt % Calculation

Honeywell International'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  *  -765/( (20537+21536)/ 2 )
=-1  *  -765/21036.5
=3.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15898 + 4639
=20537

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17459 + 4077
=21536

Honeywell International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -880/( (21536+25256)/ 2 )
=-1  *  -880/23396
=3.76 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17459 + 4077
=21536

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22183 + 3073
=25256

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Honeywell International  (NAS:HON) Effective Interest Rate on Debt % Explanation

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


Honeywell International Effective Interest Rate on Debt % Related Terms

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Honeywell International (Honeywell International) Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.
Executives
Darius Adamczyk officer: President and CEO, PMT 855 S. MINT STREET, CHARLOTTE NC 28202
James E Currier officer: President & CEO, Aerospace 855 S. MINT STREET, CHARLOTTE NC 28202
Vimal Kapur officer: President & CEO, HBT C/O HONEYWELL 300 S. TRYON STREET, CHARLOTTE NC 07950
Billal Hammoud officer: President & CEO, HBT 855 S. MINT STREET, CHARLOTTE NC 28202
George Koutsaftes officer: President and CEO, SPS 855 S. MINT STREET, CHARLOTTE NC 28202
Karen Mattimore officer: SrVP, HR and Communications 300 SOUTH TRYON STR, CHARLOTTE NC 28202
Lucian Boldea officer: President and CEO, PMT 855 S. MINT STREET, CHARLOTTE NC 28202
Robin Watson director 855 S. MINT STREET, CHARLOTTE NC 28202
Gregory P Lewis officer: SVP & Chief Financial Officer C/O HONEYWELL INTERNATIONAL INC., 300 SOUTH TRYON STREET, CHARLOTTE NC 28202
Kevin Dehoff officer: President and CEO, HCE 855 S. MINT STREET, CHARLOTTE NC 28202
Rose Lee director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Que Dallara officer: Pres/CEO -Connected Enterprise C/O HONEYWELL 300 S. TRYON STREET, CHARLOTTE NC 28202
Doug Wright officer: President & CEO, HBT 855 S. MINT STREET, CHARLOTTE NC 28202
D Scott Davis director 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Rajeev Gautam officer: Pres. and CEO, PMT C/O HONEYWELL, 300 S. TRYON STREET, CHARLOTTE NC 28202