The Kraft Heinz Co (XSWX:KHC) Effective Interest Rate on Debt % : 4.50% (As of Dec. 2023)

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What is The Kraft Heinz Co 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. The Kraft Heinz Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was CHF792 Mil. The Kraft Heinz Co's average total debt for the quarter that ended in Dec. 2023 was CHF17,603 Mil. Therefore, The Kraft Heinz Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.50%.

The Kraft Heinz Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The Kraft Heinz Co'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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The Kraft Heinz Co Effective Interest Rate on Debt % Chart

The Kraft Heinz Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.48

4.60

8.33

4.42

4.38

The Kraft Heinz Co 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															4.23	4.51	4.49	4.57	4.50

Competitive Comparison of The Kraft Heinz Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, The Kraft Heinz Co'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.

The Kraft Heinz Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Kraft Heinz Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

The Kraft Heinz Co Effective Interest Rate on Debt % Calculation

The Kraft Heinz Co'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 * -788.698	/	( (18697.212	+	17323.673)	/ 2 )
=	-1 * -788.698	/	18010.4425
=	4.38 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17917.463	+	779.749
=	18697.212

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16771.931	+	551.742
=	17323.673

The Kraft Heinz Co'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 * -792.156	/	( (17882.249	+	17323.673)	/ 2 )
=	-1 * -792.156	/	17602.961
=	4.50 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17335.292	+	546.957
=	17882.249

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16771.931	+	551.742
=	17323.673

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.

The Kraft Heinz Co (XSWX:KHC) Effective Interest Rate on Debt % Explanation

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

The Kraft Heinz Co Effective Interest Rate on Debt % Related Terms

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The Kraft Heinz Co (XSWX:KHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Kraft Heinz Co (XSWX:KHC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

KHC:USA KHC:Peru KHC:Mexico 1KHC:Italy KHNZd:UK 0JRV:UK KHNZ:Germany KHCB34:Brazil KHC:Austria

Address

One PPG Place, Pittsburgh, PA, USA, 15222

Website

https://www.kraftheinzcompany.com

In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.