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. Apple's annualized positive value of Interest Expense for the quarter that ended in Mar. 2021 was $2,680 Mil. Apple's average total debt for the quarter that ended in Mar. 2021 was $116,844 Mil. Therefore, Apple's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 was 2.29%.
Apple Effective Interest Rate on Debt % Calculation
Apple's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2020 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (A: Sep. 2019 ) | + | Total Debt (A: Sep. 2020 )) | / count ) |
| = | -1 * -2873 | / | ( (108047 | + | 112436) | / 2 ) |
| = | -1 * -2873 | / | 110241.5 |
| = | 2.61 % |
where
Apple's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (Q: Dec. 2020 ) | + | Total Debt (Q: Mar. 2021 )) | / count ) |
| = | -1 * -2680 | / | ( (112043 | + | 121645) | / 2 ) |
| = | -1 * -2680 | / | 116844 |
| = | 2.29 % |
where
* 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. 2021) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Apple Effective Interest Rate on Debt % Headlines
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