GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Corteva Inc (NYSE:CTVA) » Definitions » Effective Interest Rate on Debt %

Corteva (Corteva) Effective Interest Rate on Debt % : 5.91% (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Corteva 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. Corteva's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $248 Mil. Corteva's average total debt for the quarter that ended in Dec. 2023 was $4,194 Mil. Therefore, Corteva's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.91%.


Corteva Effective Interest Rate on Debt % Historical Data

The historical data trend for Corteva'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.

Corteva Effective Interest Rate on Debt % Chart

Corteva Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 3.37 7.33 2.70 6.52 12.28

Corteva 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 6.92 3.91 6.34 4.14 5.91

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

For the Agricultural Inputs subindustry, Corteva'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.


Corteva's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

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

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



Corteva Effective Interest Rate on Debt % Calculation

Corteva'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  *  -233/( (1307+2489)/ 2 )
=-1  *  -233/1898
=12.28 %

where

Corteva'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  *  -248/( (5899+2489)/ 2 )
=-1  *  -248/4194
=5.91 %

where

* 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.


Corteva  (NYSE:CTVA) Effective Interest Rate on Debt % Explanation

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


Corteva Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Corteva's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Corteva (Corteva) Business Description

Industry
Address
974 Centre Road, Wilmington, DE, USA, 19805
Corteva is an agriculture pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop chemicals products. Seeds and crop protection chemicals each make up around half of profits. Although Corteva operates globally, around half of revenue comes from North America.
Executives
Samuel R Eathington officer: SVP, Chief Technology Officer C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Robert D. King officer: EVP, Crop Protection Business C/O CORTEVA, INC., 9330 ZIONSVILLE ROAD, INDIANAPOLIS IN 46268
Timothy P Glenn officer: See Remarks C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Fuerer Cornel B director, officer: See Remarks C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
David J Anderson officer: EVP, Chief Financial Officer C/O HONEYWELL INTERNATIONAL INC, 101 COLUMBIA ROAD, MORRISTOWN NJ 09762
Charles V. Magro director, officer: CEO C/O CORTEVA, INC., 974 CENTRE ROAD, CRP 735, WILMINGTON DE 19805
Audrey Grimm officer: See Remarks C/O CORTEVA, INC., 9330 ZIONSVILLE ROAD, INDIANAPOLIS IN 46268
Klaus A Engel director C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Meghan Cassidy officer: See Remarks C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Brian Titus officer: See Remarks C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Rajan Gajaria officer: See Remarks C/O CORTEVA, INC., 974 CENTRE ROAD, BLDG. 735, WILMINGTON DE 19805
Janet Plaut Giesselman director 25435 HARVARD RD., BEACHWOOD OH 44122
Kerry J Preete director 800 NORTH LINDBERGH BLVD., ST. LOUIS MO 63167
David C Everitt director DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Karen H. Grimes director TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034

Corteva (Corteva) Headlines

From GuruFocus

Q4 2021 Corteva Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2020 Corteva Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Corteva Inc Investor Day Transcript

By GuruFocus Research 01-22-2024

Q4 2022 Corteva Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Corteva Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2022 Corteva Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2021 Corteva Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024