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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. Lumentum Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $36 Mil. Lumentum Holdings's average total debt for the quarter that ended in Mar. 2024 was $2,726 Mil. Therefore, Lumentum Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.32%.
The historical data trend for Lumentum Holdings'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.
Lumentum Holdings Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 6.14 | 6.03 | 5.49 | 5.05 | 1.48 |
Lumentum Holdings 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 | 1.45 | 1.43 | 1.35 | 1.35 | 1.32 |
For the Communication Equipment subindustry, Lumentum Holdings'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.
For the Hardware industry and Technology sector, Lumentum Holdings's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Lumentum Holdings's Effective Interest Rate on Debt % falls into.
Lumentum Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Jun. 2022 ) | + | Total Debt (A: Jun. 2023 )) | / count ) |
= | -1 * -35.5 | / | ( (1936 | + | 2873.7) | / 2 ) |
= | -1 * -35.5 | / | 2404.85 | |||
= | 1.48 % |
where
Total Debt (A: Jun. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1514.9 | + | 421.1 |
= | 1936 |
Total Debt (A: Jun. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2547.7 | + | 326 |
= | 2873.7 |
Lumentum Holdings'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 * -36 | / | ( (2888.8 | + | 2563.5) | / 2 ) |
= | -1 * -36 | / | 2726.15 | |||
= | 1.32 % |
where
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2554.6 | + | 334.2 |
= | 2888.8 |
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2549.7 | + | 13.8 |
= | 2563.5 |
* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Lumentum Holdings (NAS:LITE) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Lumentum Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Julia Suzanne Johnson | director | 1001 RIDDER PARK STREET, SAN JOSE CA 95131 |
Yuen Wupen | officer: See Remarks | 2911 ZANKER ROAD, SAN JOSE CA 95134 |
Wajid Ali | officer: EVP & Chief Financial Officer | 400 N MCCARTHY BLVD, MILPITAS CA 95035 |
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Matthew Joseph Sepe | officer: Chief Accounting Officer | 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035 |
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Penny Herscher | director | 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131 |
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Vincent Retort | officer: EVP, Chief Operating Officer | 400 MCCARTHY BLVD, MILPITAS CA 95035 |
Harold L Covert | director | 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035 |
Jason Reinhardt | officer: EVP, Global Sales | 400 N. MCCARTHY BLVD, MILPITAS CA 95035 |
Janet S. Wong | director | 2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576 |
Samuel F Thomas | director | 400 N MCCARTHY BLVD, MILPITAS CA 95035 |
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