Sprint (Sprint) Effective Interest Rate on Debt % : 5.26% (As of Dec. 2019)

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What is Sprint 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. Sprint's annualized positive value of Interest Expense for the quarter that ended in Dec. 2019 was $2,356 Mil. Sprint's average total debt for the quarter that ended in Dec. 2019 was $44,771 Mil. Therefore, Sprint's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 was 5.26%.

Sprint Effective Interest Rate on Debt % Historical Data

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

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Effective Interest Rate on Debt %

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6.15

6.46

6.66

5.78

6.34

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.59	6.31	5.79	5.26	5.26

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

For the Telecom Services subindustry, Sprint'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.

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

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

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

Sprint Effective Interest Rate on Debt % Calculation

Sprint's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2018 )	+	Total Debt (A: Mar. 2019 ))	/ count )
=	-1 * -2563	/	( (40892	+	39923)	/ 2 )
=	-1 * -2563	/	40407.5
=	6.34 %

where

	Total Debt (A: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37463	+	3429
=	40892

	Total Debt (A: Mar. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35366	+	4557
=	39923

Sprint's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2019 )	+	Total Debt (Q: Dec. 2019 ))	/ count )
=	-1 * -2356	/	( (44871	+	44670)	/ 2 )
=	-1 * -2356	/	44770.5
=	5.26 %

where

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38935	+	5936
=	44871

	Total Debt (Q: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38930	+	5740
=	44670

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. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sprint (NYSE:S) Effective Interest Rate on Debt % Explanation

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

Sprint Effective Interest Rate on Debt % Related Terms

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Sprint (Sprint) Business Description

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Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.