Molson Coors Beverage Co (NYSE:TAP) Effective Interest Rate on Debt %

: 3.31% (As of Jun. 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. Molson Coors Beverage Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $218 Mil. Molson Coors Beverage Co's average total debt for the quarter that ended in Jun. 2023 was $6,603 Mil. Therefore, Molson Coors Beverage Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.31%.

Molson Coors Beverage Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Molson Coors Beverage Co'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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Molson Coors Beverage Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

2.81

2.87

3.16

3.36

3.63

Molson Coors Beverage Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %																3.77	3.51	3.50	3.58	3.31

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage Co'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.

Annual Data Quarterly Data

Molson Coors Beverage Co Effective Interest Rate on Debt % Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Effective Interest Rate on Debt % falls in comparison to its industry or sector. The grey bar indicates the Effective Interest Rate on Debt %'s extreme value range as defined by GuruFocus.

Molson Coors Beverage Co Effective Interest Rate on Debt % Calculation

Molson Coors Beverage Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -250.6	/	( (7207.5	+	6607)	/ 2 )
=	-1 * -250.6	/	6907.25
=	3.63 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6647.2	+	560.3
=	7207.5

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6165.2	+	441.8
=	6607

Molson Coors Beverage Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -218.4	/	( (6590.4	+	6615.1)	/ 2 )
=	-1 * -218.4	/	6602.75
=	3.31 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6177.7	+	412.7
=	6590.4

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6191.9	+	423.2
=	6615.1

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Molson Coors Beverage Co (NYSE:TAP) Effective Interest Rate on Debt % Explanation

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

Molson Coors Beverage Co Effective Interest Rate on Debt % Related Terms

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Molson Coors Beverage Co (NYSE:TAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Molson Coors Beverage Co (NYSE:TAP) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

TAP.A:USA TAP1:Mexico NY70:Germany NY7:Germany NY7:Germany

Address

NH353, P.O. Box 4030, Golden, CO, USA, 80401

Website

https://www.molsoncoors.com

Molson Coors owns well-known beer brands including Miller, Coors, Blue Moon, and Carling, and ranks as the second largest beer maker in both value and volume terms in the U.S., Canada, and the United Kingdom. Through licensing agreements, it also brews and distributes beer and hard seltzer under partner brands from Heineken, Anheuser-Busch InBev, Asahi, and Coca-Cola. The company uses independent distributors in the U.S. given the three-tier distribution requirements, while using a combination of distributors and an in-house sales team in Canada and Europe. North America remains its largest market contributing over 80% of total revenue.

Executives

Williams Leroy James Jr	director	10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510
Anne-marie W D'angelo	officer: Chief Legal & Govt Affairs Off	801 E. 86TH AVENUE, MERRILLVILLE IN 46410
Julia M Brown	director	C/O ABLE BRANDS CO., 30 HUDSON YARDS, NEW YORK NY 10001
Roxanne Stelter	officer: VP,Controller & Chf Acct Off	3939 W HIGHLAND BLVD, MILWAUKEE WI 53208
Winnefeld James A Jr	director	870 WINTER STREET, WALTHAM MA 02451
David S. Coors	director	P.O. BOX 4030, NH353, GOLDEN CO 80401
Nessa O'sullivan	director	P.O. BOX 4030, NH353, GOLDEN CO 80401
Peter John Marino	officer: President of Emerging Growth	250 SOUTH WACKER DRIVE, CHICAGO IL 60606
Jacques Michelle St.	officer: Chief Marketing Officer	250 SOUTH WACKER DRIVE, CHICAGO IL 60606
E. Lee Reichert	officer: Chief Legal & Corp Affairs Off	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Sergey Yeskov	officer: Pres&CEO, Molson Coors Int'l	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Tracey Joubert	officer: Chief Financial Officer	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Frederic Landtmeters	officer: Pres&CEO, Molson Coors Canada	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202
Michelle Nettles	officer: Chief People&Diversity Off	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Betty K Devita	director	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202