LG Electronics (LSE:LGLD) Effective Interest Rate on Debt % : 4.70% (As of Dec. 2023)

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What is LG Electronics 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. LG Electronics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $515 Mil. LG Electronics's average total debt for the quarter that ended in Dec. 2023 was $10,953 Mil. Therefore, LG Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.70%.

LG Electronics Effective Interest Rate on Debt % Historical Data

The historical data trend for LG Electronics'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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LG Electronics Effective Interest Rate on Debt % Chart

LG Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.59

2.17

2.12

3.03

4.28

LG Electronics 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 %	Get a 7-Day Free Trial															3.71	3.91	4.10	3.91	4.70

Competitive Comparison of LG Electronics's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, LG Electronics'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.

LG Electronics's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LG Electronics's Effective Interest Rate on Debt % distribution charts can be found below:

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

LG Electronics Effective Interest Rate on Debt % Calculation

LG Electronics'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 * -438.568	/	( (9386.031	+	11126.875)	/ 2 )
=	-1 * -438.568	/	10256.453
=	4.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7382.66	+	2003.371
=	9386.031

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8874.176	+	2252.699
=	11126.875

LG Electronics'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 * -514.972	/	( (10778.519	+	11126.875)	/ 2 )
=	-1 * -514.972	/	10952.697
=	4.70 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8700.797	+	2077.722
=	10778.519

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8874.176	+	2252.699
=	11126.875

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.

LG Electronics (LSE:LGLD) Effective Interest Rate on Debt % Explanation

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

LG Electronics Effective Interest Rate on Debt % Related Terms

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LG Electronics (LSE:LGLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Electronics Inc (LSE:LGLD) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

066575:Korea 066570:Korea LGLG:Germany

Address

Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 07336

Website

https://www.lge.co.kr

LG Electronics Inc is a South Korea-based company that produces a broad range of electronic products. Its businesses are the home entertainment segment, which produces and sells TVs and digital media products; the mobile communications segment, which produces and sells mobile communications equipment; the home appliance and air solutions segment, which produces and sells washing machines, refrigerators, and other products; the vehicle components segment, which designs and produces vehicle parts; the business solutions segment, which manufactures and sells PCs, solar panels, and other products; and Innotek, which sells substrates, sensors, and other items. The company generates the majority of total revenue from the home entertainment and home appliance and air solutions segments.

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