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SMART Global Holdings (SMART Global Holdings) Effective Interest Rate on Debt % : 3.53% (As of Feb. 2024)


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What is SMART Global 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. SMART Global Holdings's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $29 Mil. SMART Global Holdings's average total debt for the quarter that ended in Feb. 2024 was $822 Mil. Therefore, SMART Global Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 3.53%.


SMART Global Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for SMART Global 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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SMART Global Holdings Effective Interest Rate on Debt % Chart

SMART Global Holdings Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 9.91 7.09 5.58 4.64 4.83

SMART Global Holdings Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 4.19 3.61 5.65 4.50 3.53

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

For the Semiconductors subindustry, SMART Global 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.


SMART Global Holdings's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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



SMART Global Holdings Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -36.421/( (651.141+856.845)/ 2 )
=-1  *  -36.421/753.993
=4.83 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=642.672 + 8.469
=651.141

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=821.227 + 35.618
=856.845

SMART Global Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -28.996/( (841.217+803.248)/ 2 )
=-1  *  -28.996/822.2325
=3.53 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=812.706 + 28.511
=841.217

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=803.248 + 0
=803.248

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


SMART Global Holdings  (NAS:SGH) Effective Interest Rate on Debt % Explanation

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


SMART Global Holdings Effective Interest Rate on Debt % Related Terms

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SMART Global Holdings (SMART Global Holdings) Business Description

Traded in Other Exchanges
Address
1390 McCarthy Boulevard, Milpitas, CA, USA, 94560
SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.
Executives
Jack A Pacheco officer: EVP, COO, Pres, Mem Solutions SMART MODULAR TECHNOLOGIES (WWH), INC., 4211 STARBOARD DRIVE, FREMONT CA 94538
Joseph Gates Clark officer: President, LED Solutions C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ken Rizvi officer: SVP and CFO 39870 EUREKA DRIVE, NEWARK CA 94560-4809
David C Laurello officer: President - IPS C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mark Adams director, officer: President and CEO 834 TERRACE DRIVE, LOS ALTOS CA 94024
Anne Kuykendall officer: SVP and Chief Legal Officer C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Sandeep Nayyar director C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Mary G Puma director AXCELIS TECHNOLOGIES INC., 108 CHERRY HILL DRIVE, BEVERLY MA 01915
Thierry Pellegrino officer: SVP, Pres. Spec. Computing C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Penny Herscher director 1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Mark D Papermaster director ONE AMD PLACE, SUNNYVALE CA 94088
Claude Demby officer: SVP, Pres. Cree LED C/O SMART MODULAR TECHNOLOGIES, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Ajay Shah director 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Mukesh Patel director C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Silver Lake (offshore) Aiv Gp Iii, Ltd. 10 percent owner C/O SILVER LAKE PARTNERS, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025