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Kellogg Co  (NYSE:K) Effective Interest Rate on Debt %: 3.20% (As of Sep. 2018)

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 Current Portion of Long-Term Debt. Kellogg Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $288 Mil. Kellogg Co's average total debt for the quarter that ended in Sep. 2018 was $8,996 Mil. Therefore, Kellogg Co's annualized effective interest rate on debt for the quarter that ended in Sep. 2018 was 3.20%.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Kellogg Co Annual Data

Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.08 2.84 3.00 5.23 3.13

Kellogg Co Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 3.11 3.24 3.18 3.23 3.20

Competitive Comparison
* 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.


Kellogg Co Distribution

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



Calculation

Kellogg Co's annualized Effective Interest Rate on Debt for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ 2 )
=-1  *  -256/( (7767+8615)/ 2 )
=-1  *  -256/8191
=3.13 %

where

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=6698 + 1069
=7767

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=7836 + 779
=8615

Kellogg Co's annualized Effective Interest Rate on Debt for the quarter that ended in Sep. 2018 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2018 )+Total Debt  (Q: Sep. 2018 ))/ 2 )
=-1  *  -288/( (9068+8923)/ 2 )
=-1  *  -288/8995.5
=3.20 %

where

Total Debt  (Q: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=8737 + 331
=9068

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt
=8715 + 208
=8923

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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. 2018) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.


Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.


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