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Citrix Systems (Citrix Systems) Effective Interest Rate on Debt % : 2.75% (As of Jun. 2022)


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What is Citrix Systems 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. Citrix Systems's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $95 Mil. Citrix Systems's average total debt for the quarter that ended in Jun. 2022 was $3,473 Mil. Therefore, Citrix Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 2.75%.


Citrix Systems Effective Interest Rate on Debt % Historical Data

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

Citrix Systems Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 3.98 3.23 4.49 3.39

Citrix Systems Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 2.50 2.54 2.48 2.53 2.75

Competitive Comparison of Citrix Systems's Effective Interest Rate on Debt %

For the Software - Application subindustry, Citrix Systems'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.


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

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

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



Citrix Systems Effective Interest Rate on Debt % Calculation

Citrix Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  -91.793/( (1928.389+3492.341)/ 2 )
=-1  *  -91.793/2710.365
=3.39 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1928.389 + 0
=1928.389

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3492.341 + 0
=3492.341

Citrix Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2022 )+Total Debt  (Q: Jun. 2022 ))/ count )
=-1  *  -95.396/( (3479.511+3466.871)/ 2 )
=-1  *  -95.396/3473.191
=2.75 %

where

Total Debt  (Q: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3379.559 + 99.952
=3479.511

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3366.905 + 99.966
=3466.871

* 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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Citrix Systems  (NAS:CTXS) Effective Interest Rate on Debt % Explanation

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


Citrix Systems Effective Interest Rate on Debt % Related Terms

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Citrix Systems (Citrix Systems) Business Description

Industry
Traded in Other Exchanges
N/A
Address
851 West Cypress Creek Road, Fort Lauderdale, FL, USA, 33309
Citrix Systems provides virtualization software, including Virtual Apps and Desktops for desktop virtualization and Citrix Virtual Apps for application virtualization. The company also provides Citrix Endpoint Management for mobile device management and Citrix ADC for application delivery and Citrix SDWAN for routing, security, and WAN monitoring.
Executives
Jason Alexander Smith officer: EVP & Chief Financial Officer C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Michael Arenth officer: EVP, SaaS Strategy C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
David J Henshall officer: Senior Vice President and CFO 18880 HOMESTEAD ROAD, CUPERTINO CA 95014
Sridhar Mullapudi officer: EVP, Product Management C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Arlen Shenkman officer: EVP & CFO C/O CITRIX SYSTEMS, INC., 851 WEST CYRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Mark J Ferrer officer: EVP, Chief Revenue Officer 45025 AVIATION DR, STE 300, DULLES VA 20166
Mark J. Schmitz officer: EVP & Chief Operating Officer C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Timothy A. Minahan officer: CMO 13960 HAYSTACK LANE, MILTON GA 30004
Hector Lima officer: EVP, Customer Experience C/O CITRIX SYSTEMS, INC., 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Antonio G. Gomes officer: SVP & General Counsel 345 HARVARD STREET, UNIT 2AB, CAMBRIDGE MA 02138
Paul J. Hough officer: SVP & Chief Product Officer 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Jessica Soisson officer: VP & Corporate Controller 9836 EQUUS CIRCLE, BOYNTON BEACH FL 33472
W. Joseph Kim officer: EVP & Chief Technology Officer 7171, AUSTIN TX 78735-6140
Donna Nappen Kimmel officer: SVP & Chief People Officer 529 PLEASANT STREET, MS B-7, ATTLEBORO MA 02703
Knowling Robert E Jr director C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304