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Millicom International Cellular (Millicom International Cellular) Effective Interest Rate on Debt % : 7.70% (As of Dec. 2023)


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What is Millicom International Cellular 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. Millicom International Cellular's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $596 Mil. Millicom International Cellular's average total debt for the quarter that ended in Dec. 2023 was $7,741 Mil. Therefore, Millicom International Cellular's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.70%.


Millicom International Cellular Effective Interest Rate on Debt % Historical Data

The historical data trend for Millicom International Cellular'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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Millicom International Cellular Effective Interest Rate on Debt % Chart

Millicom International Cellular 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 8.67 6.98 5.66 6.67 7.63

Millicom International Cellular 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 7.28 7.39 7.62 7.79 7.70

Competitive Comparison of Millicom International Cellular's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Millicom International Cellular'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.


Millicom International Cellular's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

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

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



Millicom International Cellular Effective Interest Rate on Debt % Calculation

Millicom International Cellular'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  *  -594/( (7820+7740)/ 2 )
=-1  *  -594/7780
=7.63 %

where

Millicom International Cellular'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  *  -596/( (7741+7740)/ 2 )
=-1  *  -596/7740.5
=7.70 %

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.


Millicom International Cellular  (NAS:TIGO) Effective Interest Rate on Debt % Explanation

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


Millicom International Cellular Effective Interest Rate on Debt % Related Terms

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Millicom International Cellular (Millicom International Cellular) Business Description

Address
2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249
Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.