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Trinseo (Trinseo) Effective Interest Rate on Debt % : 10.71% (As of Dec. 2023)


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What is Trinseo 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. Trinseo's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $253 Mil. Trinseo's average total debt for the quarter that ended in Dec. 2023 was $2,365 Mil. Therefore, Trinseo's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.71%.


Trinseo Effective Interest Rate on Debt % Historical Data

The historical data trend for Trinseo'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.

Trinseo Effective Interest Rate on Debt % Chart

Trinseo 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 3.26 3.49 4.34 4.70 7.91

Trinseo Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.88 6.40 6.73 7.84 10.71

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

For the Specialty Chemicals subindustry, Trinseo'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.


Trinseo's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Trinseo's Effective Interest Rate on Debt % distribution charts can be found below:

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



Trinseo Effective Interest Rate on Debt % Calculation

Trinseo'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  *  -188.4/( (2394.9+2366.5)/ 2 )
=-1  *  -188.4/2380.7
=7.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2361.8 + 33.1
=2394.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2329.3 + 37.2
=2366.5

Trinseo's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -253.2/( (2362.9+2366.5)/ 2 )
=-1  *  -253.2/2364.7
=10.71 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2326.6 + 36.3
=2362.9

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2329.3 + 37.2
=2366.5

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Trinseo  (NYSE:TSE) Effective Interest Rate on Debt % Explanation

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


Trinseo Effective Interest Rate on Debt % Related Terms

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Trinseo (Trinseo) Business Description

Industry
Traded in Other Exchanges
Address
440 East Swedesford Road, Suite 301, Wayne, PA, USA, 19312
Trinseo PLC is a leading global materials company and manufacturer of latex and plastics products. The company's operating segments include latex binders, feedstocks, polystyrene, Americas styrenics, engineered materials, and base plastics. The company is a global leader in styrene-butadiene latex and holds a strong market position in Europe and North America. Base plastics is the business line with the highest net sales and contains compounds and blends for automotive and other applications. Europe accounts for the highest net sales by geography and building and construction/sheet accounts for the highest net sales by end market.
Executives
Matthew Farrell director
Roger Greene officer: VP, GLOBAL CONTROLLER & PAO C/O TRINSEO PLC, 440 EAST SWEDESFORD ROAD, SUITE 301, WAYNE PA 19087
David Phillip Stasse officer: See Remarks C/O FREESCALE SEMICONDUCTOR, INC., 6501 WILLIAM CANNON DRIVE WEST, AUSTIN TX 78735
Jeanmarie F. Desmond director C/O E.I. DU PONT DE NEMOURS AND COMPANY, 974 CENTRE ROAD, BLDG. 730, WILMINGTON DE 19805
Timothy J Thomas officer: Vice President C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Angelo N. Chaclas officer: See Remarks C/O TRINSEO S.A., 1000 CHESTERBROOK BOULEVARD, SUITE 300, BERWYN PA 19312
Frank A Bozich officer: President and CEO PO BOX 1046, SCHENECTADY NY 12301
Philip R Martens director PLEXUS CORP., ONE PLEXUS WAY, NEENAH WI 54956
Kessel Bregje Van officer: SVP, Base Plastics 440 EAST SWEDESFORD ROAD, SUITE 301, WAYNE PA 19087
Han Hendriks officer: Chief Technology Officer C/O TRINSEO PLC, 440 EAST SWEDESFORD ROAD, SUITE 301, WAYNE PA 19087
Jeffrey J Cote director C/O SENSATA TECHNOLOGIES, INC., 529 PLEASANT STREET, ATTLEBORO MA 02703
M&g Investment Management Ltd 10 percent owner 10 FENCHURCH AVENUE, LONDON X0 EC3M 5AG
Bernard M Skeete officer: VP, CAO and Global Controller C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312
Joseph Alvarado director 705 N. BAR Y ROAD, P.O. BOX 11368, JACKSON WY 83002
Johanna Frisch officer: Treasurer C/O TRINSEO PLC, 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312

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