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Altice USA (Altice USA) Effective Interest Rate on Debt % : 6.67% (As of Dec. 2023)


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What is Altice USA 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. Altice USA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,692 Mil. Altice USA's average total debt for the quarter that ended in Dec. 2023 was $25,364 Mil. Therefore, Altice USA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.67%.


Altice USA Effective Interest Rate on Debt % Historical Data

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

Altice USA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 6.47 5.24 4.71 4.97 6.28

Altice USA 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 5.64 5.97 6.42 6.62 6.67

Competitive Comparison of Altice USA's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Altice USA'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.


Altice USA's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Altice USA's Effective Interest Rate on Debt % distribution charts can be found below:

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



Altice USA Effective Interest Rate on Debt % Calculation

Altice USA'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  *  -1639.12/( (26847.97+25339.608)/ 2 )
=-1  *  -1639.12/26093.789
=6.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24772.893 + 2075.077
=26847.97

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24980.201 + 359.407
=25339.608

Altice USA'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  *  -1691.668/( (25388.386+25339.608)/ 2 )
=-1  *  -1691.668/25363.997
=6.67 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24271.929 + 1116.457
=25388.386

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=24980.201 + 359.407
=25339.608

* 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.


Altice USA  (NYSE:ATUS) Effective Interest Rate on Debt % Explanation

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


Altice USA Effective Interest Rate on Debt % Related Terms

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Altice USA (Altice USA) Business Description

Traded in Other Exchanges
Address
1 Court Square West, Long Island City, New York, NY, USA, 11101
Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York, i24News, a news operation focused on the Middle East, and Cheddar, a news upstart.
Executives
Alexandre Fonseca director 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Marc Sirota officer: Chief Financial Officer 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Patrick Drahi director, 10 percent owner WIESTISTRASSE 14, ZERMATT V8 3920
Next Alt S.a.r.l. director, 10 percent owner 5, RUE EUGENE RUPPERT, GRAND DUCHY OF LUXEMBOURG N4 L-2453
Dennis Mathew officer: Chief Executive Officer 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Maria Bruzzese officer: Chief Accounting Officer 1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Charles Stewart officer: Co-President & CFO 1111 STEWART AVENUE, BETHPAGE NY 11714
Mark Mullen director 1111 STEWART AVENUE, BETHPAGE NY 11714
Susan C Schnabel director C/O CREDIT SUISSE FIRST BOSTON, 11 MADISON AVE, NEW YORK NY 10010
Gerrit Jan Bakker director 15 RUE PIERRE FATIO 6TH FLOOR, GENEVA V8 1204
Raymond Svider director 650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Michael Olsen officer: Acting Gen Counsel & Secretary 1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Michael Grau officer: Chief Financial Officer 1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Soroban Opportunities Master Fund Lp 10 percent owner WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD, GEORGE TOWN E9 KY1-9008
Soroban Capital Gp Llc 10 percent owner 55 WEST 46TH STREET, 32ND FLOOR, NEW YORK NY 10036