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Microchip Technology (Microchip Technology) Effective Interest Rate on Debt % : 3.21% (As of Dec. 2023)


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What is Microchip Technology 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. Microchip Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $190 Mil. Microchip Technology's average total debt for the quarter that ended in Dec. 2023 was $5,918 Mil. Therefore, Microchip Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.21%.


Microchip Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Microchip Technology'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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Microchip Technology Effective Interest Rate on Debt % Chart

Microchip Technology Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 4.82 3.64 2.90 2.69

Microchip Technology 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 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 2.89 2.73 2.84 2.96 3.21

Competitive Comparison of Microchip Technology's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Microchip Technology'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.


Microchip Technology's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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



Microchip Technology Effective Interest Rate on Debt % Calculation

Microchip Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -194.4/( (7849.8+6600)/ 2 )
=-1  *  -194.4/7224.9
=2.69 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7816 + 33.8
=7849.8

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5170.3 + 1429.7
=6600

Microchip Technology'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  *  -190/( (6108.1+5727.6)/ 2 )
=-1  *  -190/5917.85
=3.21 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4414.7 + 1693.4
=6108.1

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4033.3 + 1694.3
=5727.6

* 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.


Microchip Technology  (NAS:MCHP) Effective Interest Rate on Debt % Explanation

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


Microchip Technology Effective Interest Rate on Debt % Related Terms

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Microchip Technology (Microchip Technology) Business Description

Address
2355 West Chandler Boulevard, Chandler, AZ, USA, 85224-6199
Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well.
Executives
James Eric Bjornholt officer: VP and CFO MICROCHIP TECHNOLOGY INCORPORATED, 2355 WEST CHANDLER BOULEVARD, CHANDLER AZ 85224-6199
Karlton D Johnson director C/O MICROCHIP TECHNOLOGY INCORPORATED, 2355 W. CHANDLER BOULEVARD, CHANDLER AZ 85224-6199
Matthew W Chapman director 400 SW SIXTH AVENUE, SUITE 200, PORTLAND OR 97204
Robert A. Rango director 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Richard J Simoncic officer: VP, Microperipheral Prod Div 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Mitchell R Little officer: VP, WW Sales and Appns. 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Ganesh Moorthy officer: VP, MCU and Auto. Div. MICROCHIP, 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Steve Sanghi director, officer: President, CEO, Chairman 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Wade F Meyercord director 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Stephen V Drehobl officer: VP, Security, MCU & Tech Div.
L B Day director 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Karen Marie Rapp director C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Esther Johnson director 8731 S 600 W, CLAYPOOL IN 46510
Hugo Martinez Albert J director 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
David S Lambert officer: VP, Fab Operations 2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199