Thoughtworks Holding (Thoughtworks Holding) Effective Interest Rate on Debt % : 7.76% (As of Dec. 2023)

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What is Thoughtworks Holding 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. Thoughtworks Holding's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $26 Mil. Thoughtworks Holding's average total debt for the quarter that ended in Dec. 2023 was $339 Mil. Therefore, Thoughtworks Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.76%.

Thoughtworks Holding Effective Interest Rate on Debt % Historical Data

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

Thoughtworks Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

5.95

5.83

5.39

4.73

6.70

Thoughtworks Holding Quarterly Data
	Dec19	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											6.28	6.94	7.13	7.79	7.76

Competitive Comparison of Thoughtworks Holding's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Thoughtworks Holding'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.

Thoughtworks Holding's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Thoughtworks Holding Effective Interest Rate on Debt % Calculation

Thoughtworks Holding'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 * -26.238	/	( (444.885	+	338.277)	/ 2 )
=	-1 * -26.238	/	391.581
=	6.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	421.741	+	23.144
=	444.885

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	315.826	+	22.451
=	338.277

Thoughtworks Holding'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 * -26.308	/	( (339.572	+	338.277)	/ 2 )
=	-1 * -26.308	/	338.9245
=	7.76 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	317.713	+	21.859
=	339.572

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	315.826	+	22.451
=	338.277

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.

Thoughtworks Holding (NAS:TWKS) Effective Interest Rate on Debt % Explanation

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

Thoughtworks Holding Effective Interest Rate on Debt % Related Terms

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Thoughtworks Holding (Thoughtworks Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thoughtworks Holding Inc (NAS:TWKS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

7W8:Germany

Address

200 East Randolph Street, 25th Floor, Chicago, IL, USA, 60601

Website

https://www.thoughtworks.com

Thoughtworks Holding Inc is a global technology consultancy that integrates strategy, design and software engineering to enable enterprises and technology disruptors across the globe to thrive as modern digital businesses. Its global service lines include Enterprise Modernization, Platforms and Cloud; Customer Experience, Product and Design; Data and Artificial Intelligence (AI), and Digital Transformation and Operations. Geographically, it derives a majority of its revenue from North America and also has a presence in APAC; Europe, and LATAM.

Executives

Joanna Parke	officer: Chief Talent Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Sudhir Tiwari	officer: See Remarks	300 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Erin Cummins	officer: Chief Financial Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Guo Xiao	director, officer: Chief Executive Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Ian Davis	director	JOHNSON & JOHNSON, ONE JOHNSON & JOHNSON PLAZA, NEW BRUNSWICK NJ 08933
Christopher Gerard Murphy	officer: See Remarks	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Sai Krishna Mandapaty	officer: Chief Commercial Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Julie Woods-moss	officer: Chief Marketing Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Angela Ferguson	officer: Chief Transformation Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
William G Parrett	director	THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Ramona Mateiu	officer: See Remarks	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Chad-affonso Wathington	officer: Chief Strategy Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Rebecca J Parsons	officer: Chief Technology Officer	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Rohan Haldea	director	C/O TURING HOLDING CORP., 200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601
Turing Gp Co. Ltd	10 percent owner	200 EAST RANDOLPH STREET, 25TH FLOOR, CHICAGO IL 60601