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The E W Scripps Co (The E W Scripps Co) Effective Interest Rate on Debt % : 7.31% (As of Dec. 2023)


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What is The E W Scripps 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. The E W Scripps Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $222 Mil. The E W Scripps Co's average total debt for the quarter that ended in Dec. 2023 was $3,038 Mil. Therefore, The E W Scripps Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.31%.


The E W Scripps Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The E W Scripps 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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The E W Scripps Co Effective Interest Rate on Debt % Chart

The E W Scripps Co 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 5.93 3.72 5.30 5.14 7.07

The E W Scripps Co 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 6.12 6.48 6.87 7.45 7.31

Competitive Comparison of The E W Scripps Co's Effective Interest Rate on Debt %

For the Broadcasting subindustry, The E W Scripps 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.


The E W Scripps Co's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, The E W Scripps Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The E W Scripps Co's Effective Interest Rate on Debt % falls into.



The E W Scripps Co Effective Interest Rate on Debt % Calculation

The E W Scripps Co'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  *  -213.512/( (3007.334+3030.296)/ 2 )
=-1  *  -213.512/3018.815
=7.07 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2988.722 + 18.612
=3007.334

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3014.684 + 15.612
=3030.296

The E W Scripps Co'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  *  -221.932/( (3045.288+3030.296)/ 2 )
=-1  *  -221.932/3037.792
=7.31 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3029.676 + 15.612
=3045.288

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3014.684 + 15.612
=3030.296

* 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.


The E W Scripps Co  (NAS:SSP) Effective Interest Rate on Debt % Explanation

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


The E W Scripps Co Effective Interest Rate on Debt % Related Terms

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The E W Scripps Co (The E W Scripps Co) Business Description

Traded in Other Exchanges
Address
312 Walnut Street, Suite 2800, Scripps Center, Cincinnati, OH, USA, 45202
The E W Scripps Co is a media enterprise with interests in local and national media brands. It owns and operates a collection of daily and community newspapers, primarily in medium-sized cities in the southern and western portions of the United States. The company's operating segment includes Local Media, Scripps Networks, and Other. It generates maximum revenue from the Local Media segment. The Local Media segment includes approximately 61 local broadcast stations and their related digital operations.
Executives
John Patrick Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Elizabeth Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Kate O'brian officer: EVP, News 312 WALNUT STREET, 28H FLOOR, CINCINNATI OH 45202
Lisa A Knutson officer: Senior VP of Human Resources 312 WALNUT STREET, 28TH FLOOR, CINCINNATI OH 45202
Granado Corina S. 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Geraldine Scripps Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Granado Raymundo H. Jr. 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Anthony S. Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Ellen B. Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Manuel E. Granado 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT MITCHELL KY 41017
Eli W Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
William A. Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Gerald J. Scripps 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Sanchez Mary Ann S. 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE, SUITE 400, FT. MITCHELL KY 41017
Monica Holcomb 10 percent owner C/O MIRAMAR SERVICES, INC., 250 GRANDVIEW AVE., SUITE 400, FT MITCHELL KY 41017