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Newell Brands (Newell Brands) Effective Interest Rate on Debt % : 5.02% (As of Dec. 2023)


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What is Newell Brands 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. Newell Brands's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $280 Mil. Newell Brands's average total debt for the quarter that ended in Dec. 2023 was $5,581 Mil. Therefore, Newell Brands's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.02%.


Newell Brands Effective Interest Rate on Debt % Historical Data

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

Newell Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.52 4.35 4.37 4.08 4.93

Newell Brands 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 4.10 4.44 4.98 4.74 5.02

Competitive Comparison of Newell Brands's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, Newell Brands'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.


Newell Brands's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Newell Brands's Effective Interest Rate on Debt % distribution charts can be found below:

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



Newell Brands Effective Interest Rate on Debt % Calculation

Newell Brands'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  *  -283/( (6010+5472)/ 2 )
=-1  *  -283/5741
=4.93 %

where

Newell Brands'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  *  -280/( (5690+5472)/ 2 )
=-1  *  -280/5581
=5.02 %

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Newell Brands  (NAS:NWL) Effective Interest Rate on Debt % Explanation

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


Newell Brands Effective Interest Rate on Debt % Related Terms

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Newell Brands (Newell Brands) Business Description

Traded in Other Exchanges
Address
6655 Peachtree Dunwoody Road, Atlanta, GA, USA, 30328
Newell Brands Inc is an American global consumer goods company. The business activities of the group function through five segments namely, Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, Outdoor and Recreation. The learning and Development segment generates most of the revenue for the firm which offers baby gear and infant care products; writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products, and labeling solutions.
Executives
Bradford R Turner officer: Sr. VP, Gen. Sounsel & Secy C/O NEWELL BRANDS INC., 6055 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Gaoxiang Hu director 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Dennis Senovich officer: Chief Supply Chain Officer 6655 PEACHTREE DUNWOODY RD, ATLANTA GA 30328
Mark J Erceg officer: Chief Financial Officer 248 E. SKYLINE DRIVE, WASHINGTON UT 84780
David Willetts director 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Melanie Arlene Huet officer: President, Brand Management 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328
Stephanie Stahl director C/O KNOLL, INC., 1235 WATER STREET, EAST GREENVILLE PA 18041
James Craigie director 500 CHARLES EWING BLVD, EWING NJ 08628
Mather Courtney director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Maria Fernanda Mejia officer: CEO, International ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Icahn Partners Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Icahn Partners Master Fund Lp 10 percent owner 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Kristine Kay Malkoski officer: Business Unit CEO - Food 6655 PEACHTREE DUNWOODY ROAD, ATLANTA GA 30328