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

: 3.50% (As of Dec. 2022)
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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 Dec. 2022 was $231 Mil. Molson Coors Beverage Co's average total debt for the quarter that ended in Dec. 2022 was $6,597 Mil. Therefore, Molson Coors Beverage Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 3.50%.


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.

* Premium members only.

Molson Coors Beverage Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.81 2.87 3.16 3.36 3.63

Molson Coors Beverage Co Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 3.43 3.49 3.77 3.51 3.50

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.

   

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 Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -230.8/( (6587.7+6607)/ 2 )
=-1  *  -230.8/6597.35
=3.50 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6082.7 + 505
=6587.7

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

* 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. 2022) 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

Molson Coors Beverage Co logo
Traded in Other Exchanges
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors is the fifth-largest beer producer globally, boasting top-two positioning in the U.S., Canada, and United Kingdom. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales, including Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken), and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S. but deploying hybrid models in Canada and Europe.
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

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