TELUS International (Cda) (TSX:TIXT) Effective Interest Rate on Debt % : 8.46% (As of Dec. 2023)

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What is TELUS International (Cda) 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. TELUS International (Cda)'s annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$199 Mil. TELUS International (Cda)'s average total debt for the quarter that ended in Dec. 2023 was C$2,348 Mil. Therefore, TELUS International (Cda)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.46%.

TELUS International (Cda) Effective Interest Rate on Debt % Historical Data

The historical data trend for TELUS International (Cda)'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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TELUS International (Cda) Effective Interest Rate on Debt % Chart

TELUS International (Cda) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.39

3.65

2.81

3.81

10.34

TELUS International (Cda) Quarterly Data
	Dec17	Dec18	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															4.97	8.91	7.20	7.88	8.46

Competitive Comparison of TELUS International (Cda)'s Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, TELUS International (Cda)'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.

TELUS International (Cda)'s Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, TELUS International (Cda)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TELUS International (Cda)'s Effective Interest Rate on Debt % falls into.

TELUS International (Cda) Effective Interest Rate on Debt % Calculation

TELUS International (Cda)'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 * -189.166	/	( (1309.593	+	2347.8)	/ 2 )
=	-1 * -189.166	/	1828.6965
=	10.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1196.838	+	112.755
=	1309.593

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2184.125	+	163.675
=	2347.8

TELUS International (Cda)'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 * -198.556	/	( (0	+	2347.8)	/ 1 )
=	-1 * -198.556	/	2347.8
=	8.46 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2184.125	+	163.675
=	2347.8

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.

TELUS International (Cda) (TSX:TIXT) Effective Interest Rate on Debt % Explanation

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

TELUS International (Cda) Effective Interest Rate on Debt % Related Terms

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TELUS International (Cda) (TSX:TIXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TELUS International (Cda) Inc (TSX:TIXT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TIXT:USA 5Z9:Germany

Address

510 West Georgia Street, Floor 7, Vancouver, BC, CAN, V6B 0M3

Website

https://www.telusinternational.com

TELUS International (Cda) Inc is a digital customer experience innovator that designs, builds, and delivers next-generation solutions. Its clients include companies across several verticals, including Tech and Games, eCommerce and FinTech, Banking, Financial Services and Insurance, Communications and Media, and Travel and Hospitality. The solutions offered by the company include Digital Experience, Customer Experience, Advisory Services, and Back Office and Automation among other services. Geographically, it derives a majority of its revenue from the European region.