Coca-Cola HBC AG (CHIX:CCHL) Effective Interest Rate on Debt % : 3.04% (As of Jun. 2024)

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What is Coca-Cola HBC AG 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. Coca-Cola HBC AG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £97 Mil. Coca-Cola HBC AG's average total debt for the quarter that ended in Jun. 2024 was £3,189 Mil. Therefore, Coca-Cola HBC AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.04%.

Coca-Cola HBC AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Coca-Cola HBC AG'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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Coca-Cola HBC AG Effective Interest Rate on Debt % Chart

Coca-Cola HBC AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.84

2.38

2.22

2.47

2.51

Coca-Cola HBC AG Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.62	2.19	2.51	2.57	3.04

Competitive Comparison of Coca-Cola HBC AG's Effective Interest Rate on Debt %

For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.

Coca-Cola HBC AG's Effective Interest Rate on Debt % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Coca-Cola HBC AG's Effective Interest Rate on Debt % falls into.

Coca-Cola HBC AG Effective Interest Rate on Debt % Calculation

Coca-Cola HBC AG'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 * -74.348	/	( (2974.299	+	2950.224)	/ 2 )
=	-1 * -74.348	/	2962.2615
=	2.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2681.209	+	293.09
=	2974.299

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2133.431	+	816.793
=	2950.224

Coca-Cola HBC AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -96.96	/	( (2950.224	+	3428.364)	/ 2 )
=	-1 * -96.96	/	3189.294
=	3.04 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2133.431	+	816.793
=	2950.224

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2600.399	+	827.965
=	3428.364

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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Coca-Cola HBC AG (CHIX:CCHl) Effective Interest Rate on Debt % Explanation

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

Coca-Cola HBC AG Effective Interest Rate on Debt % Related Terms

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Coca-Cola HBC AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola HBC AG (CHIX:CCHl) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CCHGY:USA CCHBF:USA EEE:Greece CCH:UK C0Q:Germany

Address

Turmstrasse 26, Steinhausen, CHE, CH-6312

Website

https://www.coca-colahellenic.com

Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2023, CCHBC sold 2.8 billion unit cases of beverages. For context, Coke's largest bottler, Coke Femsa, sold 4 billion unit cases in Latin America, and the second-largest—CCEP, serving Europe, Southeast Asia, and the South Pacific region—sold 3.3 billion unit cases. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.

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