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EchoStar (EchoStar) Effective Interest Rate on Debt %

: 1.49% (As of Dec. 2023)
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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. EchoStar's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $205 Mil. EchoStar's average total debt for the quarter that ended in Dec. 2023 was $13,764 Mil. Therefore, EchoStar's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.49%.


EchoStar Effective Interest Rate on Debt % Historical Data

The historical data trend for EchoStar'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.

* Premium members only.

EchoStar 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 8.65 5.89 5.33 0.58 0.35

EchoStar 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 1.06 0.39 3.22 3.08 1.49

Competitive Comparison

For the Communication Equipment subindustry, EchoStar'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.


EchoStar Effective Interest Rate on Debt % Distribution

For the Hardware industry and Technology sector, EchoStar's Effective Interest Rate on Debt % distribution charts can be found below:

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



EchoStar Effective Interest Rate on Debt % Calculation

EchoStar'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  *  -90.357/( (25704.894+25885.227)/ 2 )
=-1  *  -90.357/25795.0605
=0.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24152.335 + 1552.559
=25704.894

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22838.573 + 3046.654
=25885.227

EchoStar'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  *  -204.724/( (1643.08+25885.227)/ 2 )
=-1  *  -204.724/13764.1535
=1.49 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1625.225 + 17.855
=1643.08

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22838.573 + 3046.654
=25885.227

* 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.


EchoStar  (NAS:SATS) Effective Interest Rate on Debt % Explanation

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


EchoStar Effective Interest Rate on Debt % Related Terms

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EchoStar (EchoStar) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EchoStar Corp (NAS:SATS) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
100 Inverness Terrace East, Englewood, CO, USA, 80112-5308
Following the Dish Network merger, satellite television provides the bulk of EchoStar's revenue. The firm serves about 7 million U.S. customers, about 10% of the traditional television market. It launched an internet-based television offering under the Sling brand in 2015 and serves about 2 million customers on this platform. EchoStar's future, however, hinges primarily on the wireless business. The firm has amassed an extensive portfolio of spectrum licenses over the past 15 years and is building a nationwide wireless network. It acquired Sprint's prepaid business and serves about 8 million customers, primarily under the Boost brand. EchoStar's legacy businesses provide satellite telecom services and equipment to businesses and consumers, including about 1 million internet customers.
Executives
C Mike Schroeder director 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jeffrey R Tarr director DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234
William David Wade director 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Lisa W. Hershman director PO BOX 1602, SOUTH BEND IN 46634
R Stanton Dodge director ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Ergen Two-year June 2023 Sats Grat 10 percent owner 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2022 Sats Grat 10 percent owner 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Ergen Two-year June 2021 Sats Grat 10 percent owner 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Pradman P Kaul director 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Hamid Akhavan officer: CEO and President 1226 EARNESTINE ST., MCLEAN VA 22101
Ergen Two-year March 2022 Sats Grat 10 percent owner 9601 S. MERIDIAN BLVD., ENGLEWOOD CO 80112
Veronika Takacs officer: Principal Accounting Officer 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Adrian Morris officer: Chief Technology Officer HUGHES COMMUNICATIONS, INC., 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Ramesh Ramaswamy officer: Executive VP - International 11717 EXPLORATION LANE, GERMANTOWN MD 20876
Michelle Pearre officer: Chief Human Resources Officer 11717 EXPLORATION LANE, GERMANTOWN MD 20876