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INGR (Ingredion) Effective Interest Rate on Debt % : 0.22% (As of Sep. 2024)


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What is Ingredion 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. Ingredion's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $4 Mil. Ingredion's average total debt for the quarter that ended in Sep. 2024 was $1,845 Mil. Therefore, Ingredion's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.22%.


Ingredion Effective Interest Rate on Debt % Historical Data

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

Ingredion Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.94 3.70 3.21 4.02 4.49

Ingredion Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.27 4.33 3.55 2.14 0.22

Competitive Comparison of Ingredion's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Ingredion'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.


Ingredion's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

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

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



Ingredion Effective Interest Rate on Debt % Calculation

Ingredion'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  *  -114/( (2677+2401)/ 2 )
=-1  *  -114/2539
=4.49 %

where

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -4/( (1850+1840)/ 2 )
=-1  *  -4/1845
=0.22 %

where

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


Ingredion  (NYSE:INGR) Effective Interest Rate on Debt % Explanation

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


Ingredion Effective Interest Rate on Debt % Related Terms

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Ingredion Business Description

Traded in Other Exchanges
Address
5 Westbrook Corporate Center, Westchester, IL, USA, 60154
Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company has two main product lines: specialty and core ingredients. Specialty ingredients includes starch-based texturizers, natural alternative sweeteners such as stevia, and plant proteins for alternative dairy and snacks. Core ingredients includes sweeteners, such as high-fructose corn syrup, and commodity starches, such as those used for sustainable packaging.
Executives
James D Gray officer: Executive VP and CFO 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Larry Fernandes officer: Sr VP and Chief Commercial Off 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Robert A. Ritchie officer: SVP, Food & Industrial Ingred. 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
James P. Zallie officer: Exec. VP & Pres, Global Ingred 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Jorge A. Uribe director 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Valdirene Bastos-licht officer: Sr. VP and Pres, Asia-Pacific 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Jinghuai Xu officer: SVP, Chief Innovation Officer 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Davida Marie Gable officer: VP, Controller & Global SS 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
David Eric Seip officer: SVP, Global Ops & CSCO 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Patricia Verduin director ONE CONAGRA DRIVE, OMAHA NE 68102
Perez Y Landazuri Pierre officer: SVP and President, EMEA 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Jorgen Kokke officer: VP and GM, Asia-Pacific 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Charles V. Magro director C/O CORTEVA, INC., 974 CENTRE ROAD, CRP 735, WILMINGTON DE 19805
Nancy Wolfe officer: SVP and Chief HR Officer 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60015
Jaeger De Foras Tanya Martina officer: Chief Legal Officer, Corp. Sec 5 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154