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# Convergys Effective Interest Rate on Debt %

: 6.34% (As of Jun. 2018)
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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. Convergys's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was \$16 Mil. Convergys's average total debt for the quarter that ended in Jun. 2018 was \$259 Mil. Therefore, Convergys's annualized effective interest rate on debt for the quarter that ended in Jun. 2018 was 6.34%.

## Convergys Effective Interest Rate on Debt % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Convergys Annual Data

 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Effective Interest Rate on Debt %     12.29 6.81 4.32 4.75 5.32

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Convergys Effective Interest Rate on Debt % Distribution

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

## Convergys Effective Interest Rate on Debt % Calculation

Convergys'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 )) / 2 ) = -1  *  -18.3 / ( (360.1 + 328.1) / 2 ) = -1  *  -18.3 / 344.1 = 5.32 %

where

 Total Debt  (A: Dec. 2016 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 358.3 + 1.8 = 360.1

 Total Debt  (A: Dec. 2017 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 327.2 + 0.9 = 328.1

Convergys's annualized Effective Interest Rate on Debt for the quarter that ended in Jun. 2018 is calculated as

 Effective Interest Rate on Debt = -1  *  Interest Expense / ( (Total Debt  (Q: Mar. 2018 ) + Total Debt  (Q: Jun. 2018 )) / 2 ) = -1  *  -16.4 / ( (339.3 + 178.3) / 2 ) = -1  *  -16.4 / 258.8 = 6.34 %

where

 Total Debt  (Q: Mar. 2018 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 289 + 50.3 = 339.3

 Total Debt  (Q: Jun. 2018 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 177.9 + 0.4 = 178.3

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.

Convergys  (NYSE:CVG) Effective Interest Rate on Debt % Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.