Sensient Technologies (FRA:SSF) Effective Interest Rate on Debt % : 4.27% (As of Mar. 2024)

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What is Sensient Technologies 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. Sensient Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €26 Mil. Sensient Technologies's average total debt for the quarter that ended in Mar. 2024 was €607 Mil. Therefore, Sensient Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.27%.

Sensient Technologies Effective Interest Rate on Debt % Historical Data

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

Sensient Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.06

2.46

2.51

2.57

3.79

Sensient Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.52	3.59	3.69	3.88	4.27

Competitive Comparison of Sensient Technologies's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Sensient Technologies'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.

Sensient Technologies's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sensient Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sensient Technologies Effective Interest Rate on Debt % Calculation

Sensient Technologies'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 * -23.083	/	( (614.264	+	603.886)	/ 2 )
=	-1 * -23.083	/	609.075
=	3.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	595.032	+	19.232
=	614.264

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	591.543	+	12.343
=	603.886

Sensient Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -25.924	/	( (603.886	+	609.914)	/ 2 )
=	-1 * -25.924	/	606.9
=	4.27 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	591.543	+	12.343
=	603.886

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	592.03	+	17.884
=	609.914

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

Sensient Technologies (FRA:SSF) Effective Interest Rate on Debt % Explanation

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

Sensient Technologies Effective Interest Rate on Debt % Related Terms

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Sensient Technologies (FRA:SSF) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sensient Technologies Corp (FRA:SSF) » Definitions » Effective Interest Rate on Debt %

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SXT:USA

Address

777 East Wisconsin Avenue, Milwaukee, WI, USA, 53202-5304

Website

https://www.sensient.com

Sensient Technologies Corp manufactures and markets natural and synthetic colors, flavors, and other specialty ingredients. The company has a widespread network of facilities around the globe, and its customers operate across a variety of end markets. Sensient's offerings are predominantly applied to consumer-facing products, including food and beverage, cosmetics and pharmaceuticals, nutraceutical and personal care industries. The Company's principal products are flavors, flavor enhancers, ingredients, extracts, and bionutrients, essential oils, dehydrated vegetables and other food ingredients, natural and synthetic food and beverage colors and others. The company's three reportable segments were the Flavors & Extracts Group and the Color Group and, Asia Pacific Group.

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