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Hewlett Packard Enterprise Co (Hewlett Packard Enterprise Co) Effective Interest Rate on Debt % : 2.68% (As of Jan. 2024)


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What is Hewlett Packard Enterprise Co 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. Hewlett Packard Enterprise Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $352 Mil. Hewlett Packard Enterprise Co's average total debt for the quarter that ended in Jan. 2024 was $13,156 Mil. Therefore, Hewlett Packard Enterprise Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 2.68%.


Hewlett Packard Enterprise Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Hewlett Packard Enterprise Co'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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Hewlett Packard Enterprise Co Effective Interest Rate on Debt % Chart

Hewlett Packard Enterprise Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.36 1.39 1.34 1.34 1.16

Hewlett Packard Enterprise Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.79 1.64 1.50 0.80 2.68

Competitive Comparison of Hewlett Packard Enterprise Co's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Hewlett Packard Enterprise Co'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.


Hewlett Packard Enterprise Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hewlett Packard Enterprise Co's Effective Interest Rate on Debt % falls into.



Hewlett Packard Enterprise Co Effective Interest Rate on Debt % Calculation

Hewlett Packard Enterprise Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -156/( (13484+13515)/ 2 )
=-1  *  -156/13499.5
=1.16 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8704 + 4780
=13484

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8453 + 5062
=13515

Hewlett Packard Enterprise Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -352/( (13515+12797)/ 2 )
=-1  *  -352/13156
=2.68 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8453 + 5062
=13515

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7840 + 4957
=12797

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Hewlett Packard Enterprise Co  (NYSE:HPE) Effective Interest Rate on Debt % Explanation

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


Hewlett Packard Enterprise Co Effective Interest Rate on Debt % Related Terms

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Hewlett Packard Enterprise Co (Hewlett Packard Enterprise Co) Business Description

Industry
Address
1701 East Mossy Oaks Road, Spring, TX, USA, 77389
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
Executives
Jeremy Cox officer: SVP Controller and CTO 3000 HANOVER STREET, PALO ALTO CA 94304
Phil Mottram officer: President, Intelligent Edge 11445 COMPAQ CENTER DRIVE WEST, HOUSTON TX 77070
Kirt P Karros officer: SVP, Finance & Treasurer 12400 HIGH BLUFF DR. SUITE 600, SAN DIEGO CA 92130
Justin Hotard officer: SVP, GM, HPC and AI 11445 COMPAQ CENTER DRIVE WEST, HOUSTON TX 77070
Neil B Macdonald officer: SVP, GM of Compute 6280 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Fidelma Russo officer: EVP, GM, HC and CTO C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
John F Schultz officer: EVP, COLO C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304
Gerri Gold officer: EVP, Pres & CEO Financial Serv 4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Alan Richard May officer: EVP, Chief People Officer 3000 HANOVER STREET, PALO ALTO CA 94304
Antonio F Neri officer: President and CEO 3000 HANOVER STREET, PALO ALTO CA 94304
Black Thomas E Jr officer: SVP, GM of Storage 6280 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Bethany Mayer director C/O IXIA, 26601 W. AGOURA ROAD, CALABASAS CA 91302
Tarek Robbiati officer: EVP & CFO 6200 SPRINT PARKWAY, OVERLAND PARK KS 66251
Jean M. Hobby director 10000 WEHRLE DRIVE, CLARENCE NY 14031
Frank A Damelio director C/O PFIZER INC., 235 EAST 42ND ST., NEW YORK NY 10017