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# Steris Effective Interest Rate on Debt %

: 2.93% (As of Sep. 2020)
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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. Steris's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was \$35 Mil. Steris's average total debt for the quarter that ended in Sep. 2020 was \$1,184 Mil. Therefore, Steris's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 2.93%.

## Steris 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.

 Steris Annual Data Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Effective Interest Rate on Debt %     3.90 2.92 3.62 3.60 3.26

Competitive Comparison
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Steris Effective Interest Rate on Debt % Distribution

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

## Steris Effective Interest Rate on Debt % Calculation

Steris's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2020 is calculated as

 Effective Interest Rate on Debt % = -1  *  Interest Expense / ( (Total Debt  (A: Mar. 2019 ) + Total Debt  (A: Mar. 2020 )) / count ) = -1  *  -40.279 / ( (1183.227 + 1284.444) / 2 ) = -1  *  -40.279 / 1233.8355 = 3.26 %

where

 Total Debt  (A: Mar. 2019 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 1183.227 + 0 = 1183.227

 Total Debt  (A: Mar. 2020 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 1264.635 + 19.809 = 1284.444

Steris's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

 Effective Interest Rate on Debt % = -1  *  Interest Expense / ( (Total Debt  (Q: Jun. 2020 ) + Total Debt  (Q: Sep. 2020 )) / count ) = -1  *  -34.66 / ( (1202.882 + 1165.862) / 2 ) = -1  *  -34.66 / 1184.372 = 2.93 %

where

 Total Debt  (Q: Jun. 2020 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 1147.307 + 55.575 = 1202.882

 Total Debt  (Q: Sep. 2020 ) = Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation = 1144.891 + 20.971 = 1165.862

* 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 (Sep. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Steris  (NYSE:STE) Effective Interest Rate on Debt % Explanation

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