SunPower (SunPower) Effective Interest Rate on Debt % : 10.59% (As of Dec. 2023)

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What is SunPower 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. SunPower's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $39 Mil. SunPower's average total debt for the quarter that ended in Dec. 2023 was $371 Mil. Therefore, SunPower's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.59%.

SunPower Effective Interest Rate on Debt % Historical Data

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

SunPower Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.91

3.35

3.80

3.81

6.17

SunPower 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															4.58	5.11	6.31	7.99	10.59

Competitive Comparison of SunPower's Effective Interest Rate on Debt %

For the Solar subindustry, SunPower'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.

SunPower's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

SunPower Effective Interest Rate on Debt % Calculation

SunPower'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 * -28.956	/	( (558.997	+	379.376)	/ 2 )
=	-1 * -28.956	/	469.1865
=	6.17 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.533	+	521.464
=	558.997

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.868	+	355.508
=	379.376

SunPower'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 * -39.328	/	( (363.471	+	379.376)	/ 2 )
=	-1 * -39.328	/	371.4235
=	10.59 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.292	+	323.179
=	363.471

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.868	+	355.508
=	379.376

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.

SunPower (NAS:SPWR) Effective Interest Rate on Debt % Explanation

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

SunPower Effective Interest Rate on Debt % Related Terms

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SunPower (SunPower) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SunPower Corp (NAS:SPWR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

51 Rio Robles, San Jose, CA, USA, 95134

Website

https://www.sunpower.com

SunPower is a leading solar technology and energy services provider that offers fully integrated solar, storage, and home energy solutions to customers primarily in the United States and Canada through an array of hardware, software, and financing options and smart energy solutions. The company's sales channels include a network of both installing and noninstalling dealers and resellers that operate in residential and commercial markets as well as a group of in-house sales teams in each segment engaged in direct sales to end customers.

Executives

Elizabeth Lynne Eby	officer: EVP, CFO	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Jennifer Johnston	officer: EVP, Chief Operating Officer	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Audrey Zibelman	director	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Steve Louden	director	C/O ROKU, INC., 150 WINCHESTER CIRCLE, LOS GATOS CA 95032
Vichheka Heang	officer: Principal Accounting Officer	77 RIO ROBLES, C/O SUNPOWER CORPORATION, SAN JOSE CA 95134
June Sauvaget	officer: EVP, Chief Marketing Officer	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Eileen Evans	officer: EVP, Chief Legal Officer	3000 HANOVER STREET, PALO ALTO CA 94304
Nathaniel Anschuetz	director	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Jonathan Bram	director	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Guthrie Dundas	officer: Interim CFO	1414 HARBOUR WAY SOUTH, SUITE 1901, RICHMOND CA 94804
Gip Iii Sol Holdings, L.p.	director, 10 percent owner	1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Investors Iii, Llc	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Global Infrastructure Gp Iii, L.p.	director, 10 percent owner	C/O GLOBAL INFRASTRUCTURE PARTNERS, 1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Gip Iii Sol Acquisition, Llc	director, 10 percent owner	1345 AVENUE OF THE AMERICAS, 30TH FLOOR, NEW YORK NY 10105
Totalenergies Gestion Usa Sarl	10 percent owner	LA DEFENSE 6 2 PLACE JEAN MILLIER, COURBEVOIE, HAUTS-DE-SEINE I0 92400