Molson Coors Canada (TSX:TPX.A) Effective Interest Rate on Debt % : 2.96% (As of Dec. 2023)

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What is Molson Coors Canada 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. Molson Coors Canada's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$247 Mil. Molson Coors Canada's average total debt for the quarter that ended in Dec. 2023 was C$8,356 Mil. Therefore, Molson Coors Canada's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.96%.

Molson Coors Canada Effective Interest Rate on Debt % Historical Data

The historical data trend for Molson Coors Canada'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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Molson Coors Canada Effective Interest Rate on Debt % Chart

Molson Coors Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.84

3.12

3.36

3.75

3.24

Molson Coors Canada 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															3.54	3.61	3.26	3.08	2.96

Competitive Comparison of Molson Coors Canada's Effective Interest Rate on Debt %

For the Beverages - Brewers subindustry, Molson Coors Canada'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.

Molson Coors Canada's Effective Interest Rate on Debt % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Canada's Effective Interest Rate on Debt % distribution charts can be found below:

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

Molson Coors Canada Effective Interest Rate on Debt % Calculation

Molson Coors Canada'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 * -279.858	/	( (8914.884	+	8349.984)	/ 2 )
=	-1 * -279.858	/	8632.434
=	3.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8375.424	+	539.46
=	8914.884

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7126.713	+	1223.271
=	8349.984

Molson Coors Canada'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 * -247.392	/	( (8362.022	+	8349.984)	/ 2 )
=	-1 * -247.392	/	8356.003
=	2.96 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7172.918	+	1189.104
=	8362.022

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7126.713	+	1223.271
=	8349.984

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.

Molson Coors Canada (TSX:TPX.A) Effective Interest Rate on Debt % Explanation

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

Molson Coors Canada Effective Interest Rate on Debt % Related Terms

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Molson Coors Canada (TSX:TPX.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Molson Coors Canada Inc (TSX:TPX.A) » Definitions » Effective Interest Rate on Debt %

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TPX.B:Canada

Address

33 Carlingview Drive, Toronto, ON, CAN, M9W 5E4

Website

https://www.molsoncoors.com

Molson Coors Canada Inc is a large global brewer and distributor of beer and other malt beverages. major brands include Coors Light, Miller Lite, Molson Canadian, Carling, Staropramen, Coors Banquet, Blue Moon, Vizzy, Leinenkugel, and Creemore. Its two segments are the Americas and EMEA&APAC segments. Americas segment operates in the U.S., Canada and various countries in the Caribbean, Latin and South America and EMEA&APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., various other European countries, and certain countries within the Middle East, Africa and Asia Pacific. Its breweries are located across the U.S., Canada, and Europe, with the majority of the company's revenue generated in Americas.

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