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Icahn Enterprises LP (Icahn Enterprises LP) Effective Interest Rate on Debt % : 7.17% (As of Dec. 2023)


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What is Icahn Enterprises LP 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. Icahn Enterprises LP's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $512 Mil. Icahn Enterprises LP's average total debt for the quarter that ended in Dec. 2023 was $7,141 Mil. Therefore, Icahn Enterprises LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.17%.


Icahn Enterprises LP Effective Interest Rate on Debt % Historical Data

The historical data trend for Icahn Enterprises LP'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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Icahn Enterprises LP Effective Interest Rate on Debt % Chart

Icahn Enterprises LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.80 8.47 8.46 7.68 7.75

Icahn Enterprises LP 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 8.10 8.01 7.68 8.37 7.17

Competitive Comparison of Icahn Enterprises LP's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Icahn Enterprises LP'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.


Icahn Enterprises LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Icahn Enterprises LP's Effective Interest Rate on Debt % distribution charts can be found below:

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



Icahn Enterprises LP Effective Interest Rate on Debt % Calculation

Icahn Enterprises LP'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  *  -554/( (7096+7207)/ 2 )
=-1  *  -554/7151.5
=7.75 %

where

Icahn Enterprises LP'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  *  -512/( (7075+7207)/ 2 )
=-1  *  -512/7141
=7.17 %

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.


Icahn Enterprises LP  (NAS:IEP) Effective Interest Rate on Debt % Explanation

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


Icahn Enterprises LP Effective Interest Rate on Debt % Related Terms

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Icahn Enterprises LP (Icahn Enterprises LP) Business Description

Industry
Traded in Other Exchanges
N/A
Address
16690 Collins Avenue, PH-1, Penthouse Suite, Sunny Isles Beach, FL, USA, 33160
Icahn Enterprises LP is a provider of diversified business services in the United States. The company operates its business through varied segments which include Investment, Automotive, Energy, Food Packaging, Real Estate, Pharma, and Home Fashion. Among these, the Energy segment derives the maximum revenue from the company. Geographically, it generates maximum revenue from the United States.
Executives
Brett Icahn director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
David Willetts director, officer: President and CEO 16690 COLLINS AVENUE - PH-1, SUNNY ISLES BEACH FL 33160
Ted Papapostolou director, officer: CFO & Chief Accounting Officer 16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
A B Krongard director C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230
Aris Kekedjian director, officer: President and CEO 655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017
Nancy Martori Dunlap director C/O CVR REFINING, LP, 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Carl C Icahn director, 10 percent owner, officer: Chairman of the Board of GP C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Stephen A Mongillo director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Denise Barton director 3149 STERLINGSHIRE DRIVE, LAS VEGAS NV 89146
Jack Gumpert Wasserman director 510 EAST 86TH STREET, NEW YORK NY 10028-7504
Michael Nevin director C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153
James Larry Nelson director 2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109
Keith Cozza director C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Sunghwan Cho officer: Chief Financial Officer C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Peter Reck officer: Principal Accounting Officer C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153