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Trimble (Trimble) Effective Interest Rate on Debt % : 6.03% (As of Dec. 2023)


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What is Trimble 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. Trimble's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $191 Mil. Trimble's average total debt for the quarter that ended in Dec. 2023 was $3,173 Mil. Therefore, Trimble's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.03%.


Trimble Effective Interest Rate on Debt % Historical Data

The historical data trend for Trimble'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.

Trimble Effective Interest Rate on Debt % Chart

Trimble 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 4.20 4.29 4.26 4.68 6.69

Trimble 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 5.84 4.13 6.81 5.80 6.03

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

For the Scientific & Technical Instruments subindustry, Trimble'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.


Trimble's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Trimble Effective Interest Rate on Debt % Calculation

Trimble'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  *  -161/( (1625.1+3188.5)/ 2 )
=-1  *  -161/2406.8
=6.69 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1325.1 + 300
=1625.1

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2658.1 + 530.4
=3188.5

Trimble'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  *  -191.2/( (3157.8+3188.5)/ 2 )
=-1  *  -191.2/3173.15
=6.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3099.5 + 58.3
=3157.8

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2658.1 + 530.4
=3188.5

* 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.


Trimble  (NAS:TRMB) Effective Interest Rate on Debt % Explanation

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


Trimble Effective Interest Rate on Debt % Related Terms

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Trimble (Trimble) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Trimble Inc (NAS:TRMB) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
10368 Westmoor Dr, Westminister, CO, USA, 80021
Trimble Inc provides location-based solutions that are used in global positioning system (GPS), laser, optical and inertial technologies. Its products portfolio includes 3D laser scanning, flow and application control systems, monitoring systems, water management, and navigation infrastructure. It also manufactures laser and optics-based products, and GPS products. The company serves various industries which include agriculture, architecture, civil engineering, survey and land administration, construction, geospatial among others. The company operates in four reportable segments namely, Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. It derives most of its revenues from the US and Europe with the rest coming from the Asia Pacific and other markets.
Executives
Robert G Painter officer: CFO C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
Peter Large officer: Senior Vice President 935 STEWART DRIVE, SUNNYVALE CA 94085
Darryl R Matthews officer: SVP & Sector Head C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
Mark S Peek director 3401 HILLVIEW AVENUE, PALO ALTO CA 94304
Kaigham Gabriel director C/O TRIMBLE INC., 935 STEWART DR, SUNNYVALE CA 94085
Ronald Bisio officer: Sr. Vice President C/O TRIMBLE INC., 935 STEWARD DR., SUNNYVALE CA 94085
Jennifer Allison officer: Corporate VP, General Counsel 10368 WESTMOOR DRIVE, WESTMINSTER CO 80021
James Calvin Dalton director 2065 COURTHOUSE ROAD, STAFFORD VA 22554
Jennifer Lin officer: Chief Platform Officer 935 STEWART DRIVE, SUNNYVALE CA 94085
James A Kirkland officer: Vice President C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
James Joel Langley officer: Sr. Vice President 935 STEWART DRIVE, SUNNYVALE CA 94085
Thomas W Sweet director ONE DELL WAY, ROUND ROCK TX 78682
Sandra Macquillan director P.O. BOX 619100, DALLAS TX 75261-9100
Bryn Fosburgh officer: VP, Geomatics & Engineering C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085
Steven W Berglund officer: President & CEO C/O TRIMBLE INC., 935 STEWART DRIVE, SUNNYVALE CA 94085

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