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Pitney Bowes (Pitney Bowes) Effective Interest Rate on Debt % : 7.32% (As of Dec. 2023)


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What is Pitney Bowes 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. Pitney Bowes's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $182 Mil. Pitney Bowes's average total debt for the quarter that ended in Dec. 2023 was $2,490 Mil. Therefore, Pitney Bowes's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.32%.


Pitney Bowes Effective Interest Rate on Debt % Historical Data

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

Pitney Bowes 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 4.88 5.37 5.39 5.58 6.54

Pitney Bowes 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 5.91 5.89 6.10 7.04 7.32

Competitive Comparison of Pitney Bowes's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Pitney Bowes'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.


Pitney Bowes's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Pitney Bowes's Effective Interest Rate on Debt % distribution charts can be found below:

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



Pitney Bowes Effective Interest Rate on Debt % Calculation

Pitney Bowes'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  *  -163.726/( (2523.538+2484.082)/ 2 )
=-1  *  -163.726/2503.81
=6.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2438.198 + 85.34
=2523.538

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2365.082 + 119
=2484.082

Pitney Bowes'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  *  -182.28/( (2496.318+2484.082)/ 2 )
=-1  *  -182.28/2490.2
=7.32 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2381.515 + 114.803
=2496.318

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2365.082 + 119
=2484.082

* 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.


Pitney Bowes  (NYSE:PBI) Effective Interest Rate on Debt % Explanation

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


Pitney Bowes Effective Interest Rate on Debt % Related Terms

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Pitney Bowes (Pitney Bowes) Business Description

Industry
Traded in Other Exchanges
Address
3001 Summer Street, Stamford, CT, USA, 06926
Pitney Bowes is a Global technology company that offers e-commerce solutions to its clients. The company provides various products and services such as domestic delivery, return and fulfillment, cross-border shipping solutions, sorting services for large volumes of postal mails, technological solutions to enable digital mailing, shipping, and other services. The company operates through three business segments: Global e-commerce, presort services, and SendTech Solutions. The company generates majority of its revenue from United States.
Executives
Christopher Johnson officer: SVP & President, GFS 3001 SUMMER ST, STAMFORD CT 06926
Andrew Robert Gold officer: SVP, Chief HR Officer 3001 SUMMER ST, STAMFORD CT 06926
Joseph Schmitt officer: SVP, Chief Information Officer 3001 SUMMER ST, STAMFORD CT 06926
Deborah Pfeiffer officer: President, Presort Services 3001 SUMMER ST, STAMFORD CT 06926
Shemin Nurmohamed officer: President, SendTech Solutions 3001 SUMMER ST, STAMFORD CT 06926
Todd A. Everett director 2700 VIA FORTUNA, SUITE 300, AUSTIN TX 78746
Milena Alberti-perez director 8500 SW CREEKSIDE PLACE, BEAVERTON OR 97008
Kurt James Wolf director 175 BRICKYARD ROAD, ADAMS TOWNSHIP PA 16046
Katie May director 1990 E. GRAND AVE., EL SEGUNDO CA 90245
Steven Brill director 3001 SUMMER ST, STAMFORD CT 06926
James Darrell Thomas director 3700 JUNEAU AVENUE, MILWAUKEE WI 53208
Sheila A Stamps director C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039
Mary Guilfoile director 227 WASHINGTON STREET STE.200, CONSHOHOCKEN PA 19428
James Arthur Fairweather officer: EVP & Chief Innovation Officer 3001 SUMMER ST, STAMFORD CT 06926
Daniel J Goldstein officer: EVP/Chief Legal & Compliance 1 ELMCROFT ROAD, STAMFORD CT 06926