L3Harris Technologies (FRA:HRS) Effective Interest Rate on Debt % : 5.26% (As of Mar. 2024)

View and export this data going back to 1955. Start your Free Trial

What is L3Harris Technologies 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. L3Harris Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €648 Mil. L3Harris Technologies's average total debt for the quarter that ended in Mar. 2024 was €12,323 Mil. Therefore, L3Harris Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.26%.

L3Harris Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for L3Harris Technologies'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.

* Premium members only.

L3Harris Technologies Effective Interest Rate on Debt % Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.65

4.43

3.54

3.88

5.33

L3Harris Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.83	4.58	5.38	4.94	5.26

Competitive Comparison of L3Harris Technologies's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, L3Harris Technologies'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.

L3Harris Technologies's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's Effective Interest Rate on Debt % falls into.

L3Harris Technologies Effective Interest Rate on Debt % Calculation

L3Harris Technologies'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 * -497.931	/	( (6650.48	+	12035.625)	/ 2 )
=	-1 * -497.931	/	9343.0525
=	5.33 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5876.4	+	774.08
=	6650.48

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10233.72	+	1801.905
=	12035.625

L3Harris Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -647.68	/	( (12035.625	+	12611.36)	/ 2 )
=	-1 * -647.68	/	12323.4925
=	5.26 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10233.72	+	1801.905
=	12035.625

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10248.8	+	2362.56
=	12611.36

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

L3Harris Technologies (FRA:HRS) Effective Interest Rate on Debt % Explanation

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

L3Harris Technologies Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of L3Harris Technologies's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

L3Harris Technologies (FRA:HRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (FRA:HRS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LHX:USA LHX:Mexico HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

L3Harris Technologies (FRA:HRS) Headlines

No Headlines