ABB (LTS:0A6W) Effective Interest Rate on Debt % : 2.14% (As of Sep. 2024)

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What is ABB 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. ABB's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $164 Mil. ABB's average total debt for the quarter that ended in Sep. 2024 was $7,652 Mil. Therefore, ABB's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.14%.

ABB Effective Interest Rate on Debt % Historical Data

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

ABB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.30

2.79

2.18

1.73

3.18

ABB 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															3.26	3.57	1.65	0.62	2.14

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

For the Electrical Equipment & Parts subindustry, ABB'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.

ABB's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ABB's Effective Interest Rate on Debt % distribution charts can be found below:

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

ABB Effective Interest Rate on Debt % Calculation

ABB'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 * -275	/	( (8549	+	8743)	/ 2 )
=	-1 * -275	/	8646
=	3.18 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5794	+	2755
=	8549

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5887	+	2856
=	8743

ABB'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 * -164	/	( (7634	+	7670)	/ 2 )
=	-1 * -164	/	7652
=	2.14 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6969	+	665
=	7634

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7301	+	369
=	7670

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.

ABB (LTS:0A6W) Effective Interest Rate on Debt % Explanation

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

ABB Effective Interest Rate on Debt % Related Terms

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ABB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ABB Ltd (LTS:0A6W) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ABLZF:USA ABBNY:USA ABB:Sweden ABBN:Mexico ABBNz:UK 0NX2:UK ABJA:Germany ABJA:Germany ABBNE:Switzerland ABBN:Switzerland

Address

Affolternstrasse 44, Zurich, CHE, 8050

Website

https://www.abb.com

ABB is a supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies: ASEA and BBC. Its products include electrical equipment, industrial robots, and equipment used for industrial automation that are sold via approximately 19 business divisions. ABB is the number one or two supplier in two thirds of its product segments.

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