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Western Digital Corp  (NAS:WDC) Effective Interest Rate on Debt %: 4.45% (As of Mar. 2019)

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 Current Portion of Long-Term Debt. Western Digital Corp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2019 was \$472 Mil. Western Digital Corp's average total debt for the quarter that ended in Mar. 2019 was \$10,600 Mil. Therefore, Western Digital Corp's annualized effective interest rate on debt for the quarter that ended in Mar. 2019 was 4.45%.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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Western Digital Corp Annual Data

 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Effective Interest Rate on Debt %     2.55 1.96 2.72 5.62 5.56

Competitive Comparison
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Western Digital Corp Distribution

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

Calculation

Western Digital Corp's annualized Effective Interest Rate on Debt for the fiscal year that ended in Jun. 2018 is calculated as

 Effective Interest Rate on Debt = -1  *  Interest Expense / ( (Total Debt  (A: Jun. 2017 ) + Total Debt  (A: Jun. 2018 )) / 2 ) = -1  *  -676 / ( (13151 + 11172) / 2 ) = -1  *  -676 / 12161.5 = 5.56 %

where

 Total Debt  (A: Jun. 2017 ) = Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt = 12918 + 233 = 13151

 Total Debt  (A: Jun. 2018 ) = Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt = 10993 + 179 = 11172

Western Digital Corp's annualized Effective Interest Rate on Debt for the quarter that ended in Mar. 2019 is calculated as

 Effective Interest Rate on Debt = -1  *  Interest Expense / ( (Total Debt  (Q: Dec. 2018 ) + Total Debt  (Q: Mar. 2019 )) / 2 ) = -1  *  -472 / ( (10614 + 10585) / 2 ) = -1  *  -472 / 10599.5 = 4.45 %

where

 Total Debt  (Q: Dec. 2018 ) = Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt = 10370 + 244 = 10614

 Total Debt  (Q: Mar. 2019 ) = Long-Term Debt & Capital Lease Obligation + Current Portion of Long-Term Debt = 10309 + 276 = 10585

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 (Mar. 2019) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.

Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.

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