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Lumentum Holdings (Lumentum Holdings) Effective Interest Rate on Debt % : 1.32% (As of Mar. 2024)


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What is Lumentum Holdings 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. Lumentum Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $36 Mil. Lumentum Holdings's average total debt for the quarter that ended in Mar. 2024 was $2,726 Mil. Therefore, Lumentum Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.32%.


Lumentum Holdings Effective Interest Rate on Debt % Historical Data

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

Lumentum Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 6.03 5.49 5.05 1.48

Lumentum Holdings 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 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 1.45 1.43 1.35 1.35 1.32

Competitive Comparison of Lumentum Holdings's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Lumentum Holdings'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.


Lumentum Holdings's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lumentum Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Lumentum Holdings Effective Interest Rate on Debt % Calculation

Lumentum Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -35.5/( (1936+2873.7)/ 2 )
=-1  *  -35.5/2404.85
=1.48 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1514.9 + 421.1
=1936

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2547.7 + 326
=2873.7

Lumentum Holdings'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  *  -36/( (2888.8+2563.5)/ 2 )
=-1  *  -36/2726.15
=1.32 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2554.6 + 334.2
=2888.8

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2549.7 + 13.8
=2563.5

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


Lumentum Holdings  (NAS:LITE) Effective Interest Rate on Debt % Explanation

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


Lumentum Holdings Effective Interest Rate on Debt % Related Terms

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Lumentum Holdings (Lumentum Holdings) Business Description

Industry
Traded in Other Exchanges
Address
1001 Ridder Park Drive, San Jose, CA, USA, 95131
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are OpComms and Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.
Executives
Julia Suzanne Johnson director 1001 RIDDER PARK STREET, SAN JOSE CA 95131
Yuen Wupen officer: See Remarks 2911 ZANKER ROAD, SAN JOSE CA 95134
Wajid Ali officer: EVP & Chief Financial Officer 400 N MCCARTHY BLVD, MILPITAS CA 95035
Pamela Fletcher director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Matthew Joseph Sepe officer: Chief Accounting Officer 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Brian Lillie director 1485 BROOKMILL ROAD, LOS ALTOS CA 94024
Alan S Lowe director, officer: Chief Executive Officer 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Judy G Hamel officer: SVP, GC and Secretary 400 MCCARTHY BLVD, MILPITAS CA 95035
Penny Herscher director 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Isaac Hosojiro Harris director 310 W 113TH ST # 801, NEW YORK NY 10026-3389
Vincent Retort officer: EVP, Chief Operating Officer 400 MCCARTHY BLVD, MILPITAS CA 95035
Harold L Covert director 400 NORTH MCCARTHY BLVD, MILPITAS CA 95035
Jason Reinhardt officer: EVP, Global Sales 400 N. MCCARTHY BLVD, MILPITAS CA 95035
Janet S. Wong director 2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576
Samuel F Thomas director 400 N MCCARTHY BLVD, MILPITAS CA 95035