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Waste Management (Waste Management) Effective Interest Rate on Debt % : 3.23% (As of Dec. 2023)


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What is Waste Management 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. Waste Management's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $512 Mil. Waste Management's average total debt for the quarter that ended in Dec. 2023 was $15,830 Mil. Therefore, Waste Management's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.23%.


Waste Management Effective Interest Rate on Debt % Historical Data

The historical data trend for Waste Management'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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Waste Management Effective Interest Rate on Debt % Chart

Waste Management 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 3.49 3.11 2.68 2.66 3.20

Waste Management 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 3.00 3.16 3.25 3.30 3.23

Competitive Comparison of Waste Management's Effective Interest Rate on Debt %

For the Waste Management subindustry, Waste Management'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.


Waste Management's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Management's Effective Interest Rate on Debt % distribution charts can be found below:

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



Waste Management Effective Interest Rate on Debt % Calculation

Waste Management'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  *  -500/( (14984+16229)/ 2 )
=-1  *  -500/15606.5
=3.20 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14570 + 414
=14984

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15895 + 334
=16229

Waste Management'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  *  -512/( (15430+16229)/ 2 )
=-1  *  -512/15829.5
=3.23 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15133 + 297
=15430

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15895 + 334
=16229

* 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.


Waste Management  (NYSE:WM) Effective Interest Rate on Debt % Explanation

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


Waste Management Effective Interest Rate on Debt % Related Terms

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Waste Management (Waste Management) Business Description

Industry
Address
800 Capitol Street, Suite 3000, Houston, TX, USA, 77002
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 259 active landfills and about 337 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
Executives
Charles C Boettcher officer: Sr VP Chief Legal Officer 800 CAPITOL STREET 3000, HOUSTON TX 77002
Fish James C Jr officer: SVP, Eastern Group 800 CAPITOL STREET 3000, HOUSTON TX 77002
John C Pope director 810 S. RIDGE RD, LAKE FOREST IL 60045
John A. Carroll officer: VP & Chief Accounting Officer 800 CAPITOL STREET 3000, HOUSTON TX 77002
Tara J. Hmmer officer: SVP Operat Safety Envir Compl 800 CAPITOL STREET 3000, HOUSTON X1 77002
Michael J. Watson officer: Sr. VP-Chief Customer Officer 800 CAPITOL STREET 3000, HOUSTON TX 77002
Christopher P. Desantis officer: SVP Operations - East 800 CAPITOL STREET 3000, HOUSTON TX 77002
Bruce E. Chinn director 800 CAPITOL STREET 3000, HOUSTON TX 77002
John J Morris officer: Chief Strategy Officer 800 CAPITOL STREET 3000, HOUSTON TX 77002
Devina A Rankin officer: VP & Treasurer 800 CAPITOL STREET 3000, HOUSTON TX 77002
Rafael Carrasco officer: SVP Operations 800 CAPITOL STREET 3000, HOUSTON TX 77002
Kelly C. Rooney officer: SVP Chief People Officer 800 CAPITOL STREET #3000, HOUSTON TX 77002
Leslie K Nagy officer: VP & Chief Accounting Officer 5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Donald J Smith officer: Sr. VP - Operations 800 CAPITOL STREET 3000, HOUSTON TX 77002
Nikolaj H Sjoqvist officer: SVP, Chief Digital Officer 800 CAPITOL STREET 3000, HOUSTON X1 77002