Salesforce (BSP:SSFO34) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Salesforce 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. Salesforce's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was R$0 Mil. Salesforce's average total debt for the quarter that ended in Jan. 2024 was R$63,090 Mil. Therefore, Salesforce's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.00%.

Salesforce Effective Interest Rate on Debt % Historical Data

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

Salesforce Annual Data

Trend

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Effective Interest Rate on Debt %

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Salesforce Quarterly Data
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Competitive Comparison of Salesforce's Effective Interest Rate on Debt %

For the Software - Application subindustry, Salesforce'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.

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

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

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

Salesforce Effective Interest Rate on Debt % Calculation

Salesforce's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (73147.713	+	61910.301)	/ 2 )
=	-1 * 0	/	67529.007
=	0.00 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63947.135	+	9200.578
=	73147.713

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54449.392	+	7460.909
=	61910.301

Salesforce's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (64270.601	+	61910.301)	/ 2 )
=	-1 * 0	/	63090.451
=	0.00 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56575.521	+	7695.08
=	64270.601

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54449.392	+	7460.909
=	61910.301

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Salesforce (BSP:SSFO34) Effective Interest Rate on Debt % Explanation

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

Salesforce Effective Interest Rate on Debt % Related Terms

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Website

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Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration.

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