Shire (SHPG) Effective Interest Rate on Debt % : 3.01% (As of Sep. 2018)

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What is Shire 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. Shire's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $501 Mil. Shire's average total debt for the quarter that ended in Sep. 2018 was $16,631 Mil. Therefore, Shire's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 3.01%.

Shire Effective Interest Rate on Debt % Historical Data

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

Shire Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

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3.46

3.62

3.40

3.82

2.72

Shire 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 %	Get a 7-Day Free Trial															2.69	3.06	2.67	2.76	3.01

Competitive Comparison of Shire's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Shire'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.

Shire's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shire's Effective Interest Rate on Debt % distribution charts can be found below:

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

Shire Effective Interest Rate on Debt % Calculation

Shire'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 ))	/ count )
=	-1 * -578.9	/	( (22967.8	+	19541.1)	/ 2 )
=	-1 * -578.9	/	21254.45
=	2.72 %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19899.8	+	3068
=	22967.8

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16752.4	+	2788.7
=	19541.1

Shire'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 ))	/ count )
=	-1 * -500.8	/	( (17914.9	+	15346.7)	/ 2 )
=	-1 * -500.8	/	16630.8
=	3.01 %

where

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16722	+	1192.9
=	17914.9

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11098	+	4248.7
=	15346.7

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.

Shire (NAS:SHPG) Effective Interest Rate on Debt % Explanation

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

Shire Effective Interest Rate on Debt % Related Terms

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Shire (SHPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shire PLC (NAS:SHPG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.shire.com

Shire is a diversified, Ireland-based specialty drug firm. Shire has grown primarily through mergers and acquisitions, including the Transkaryotic Therapies acquisition in 2005, which established its genetic disease business with Replagal and Elaprase, and the merger with New River in 2007, which brought full rights to neuroscience drug Vyvanse. Shire completed the acquisition of ViroPharma (genetic diseases) in 2014, NPS Pharma (internal medicine) in 2015, and Baxalta (hematology, immunology, and oncology) and Dyax (genetic diseases) in 2016.

Executives

James H Cavanaugh

director

265 HOTHORPE LANE, VILLANOVA PA 19085