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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. Willis Towers Watson's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $260 Mil. Willis Towers Watson's average total debt for the quarter that ended in Sep. 2024 was $5,991 Mil. Therefore, Willis Towers Watson's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.34%.
The historical data trend for Willis Towers Watson'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.
Willis Towers Watson Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 4.07 | 3.62 | 3.46 | 3.79 | 4.12 |
Willis Towers Watson 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 | 4.03 | 4.25 | 4.07 | 4.30 | 4.34 |
For the Insurance Brokers subindustry, Willis Towers Watson'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 Insurance industry and Financial Services sector, Willis Towers Watson's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Willis Towers Watson's Effective Interest Rate on Debt % falls into.
Willis Towers Watson'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 * -235 | / | ( (5479 | + | 5941) | / 2 ) |
= | -1 * -235 | / | 5710 | |||
= | 4.12 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 5103 | + | 376 |
= | 5479 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 5166 | + | 775 |
= | 5941 |
Willis Towers Watson'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 * -260 | / | ( (5993 | + | 5989) | / 2 ) |
= | -1 * -260 | / | 5991 | |||
= | 4.34 % |
where
Total Debt (Q: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 5875 | + | 118 |
= | 5993 |
Total Debt (Q: Sep. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 5867 | + | 122 |
= | 5989 |
* 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.
Willis Towers Watson (NAS:WTW) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
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Andrew Jay Krasner | officer: Chief Financial Officer | 1450 BRICKELL AVENUE, SUITE 1600, MIAMI FL 33131 |
Julie Jarecke Gebauer | officer: Head of Human Capital&Benefits | JUPITER SATURN HOLDING CO, 875 THIRD AVENUE, NEW YORK NY 10022 |
Adam Garrard | officer: Head of International | C/O WILLIS GROUP HOLDINGS PLC, 200 LIBERTY STREET, 7TH FLOOR, NEW YORK NY 10281 |
Pamela Thomson-hall | officer: Head of International | 51 LIME STREET, LONDON X0 EC3M 7DQ |
Anne Pullum | officer: Head of Strategy and CAO | C/O WILLIS TOWERS WATSON, 200 LIBERTY ST, 7TH FLOOR, NEW YORK NY 10281 |
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