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Spectrum Brands Holdings (Spectrum Brands Holdings) Effective Interest Rate on Debt % : 4.55% (As of Mar. 2024)


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What is Spectrum Brands 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. Spectrum Brands Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $68 Mil. Spectrum Brands Holdings's average total debt for the quarter that ended in Mar. 2024 was $1,486 Mil. Therefore, Spectrum Brands Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.55%.


Spectrum Brands Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Spectrum Brands 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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Spectrum Brands Holdings Effective Interest Rate on Debt % Chart

Spectrum Brands Holdings Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.52 3.89 4.64 3.45 5.22

Spectrum Brands 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 3.82 5.69 4.83 4.89 4.55

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

For the Household & Personal Products subindustry, Spectrum Brands 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.


Spectrum Brands Holdings's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Spectrum Brands Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Spectrum Brands Holdings Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -127/( (3212.8+1651.1)/ 2 )
=-1  *  -127/2431.95
=5.22 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3200.5 + 12.3
=3212.8

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1642.5 + 8.6
=1651.1

Spectrum Brands 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  *  -67.6/( (1487.5+1484.7)/ 2 )
=-1  *  -67.6/1486.1
=4.55 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1478.7 + 8.8
=1487.5

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1475.7 + 9
=1484.7

* 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.


Spectrum Brands Holdings  (NYSE:SPB) Effective Interest Rate on Debt % Explanation

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


Spectrum Brands Holdings Effective Interest Rate on Debt % Related Terms

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Spectrum Brands Holdings (Spectrum Brands Holdings) Business Description

Traded in Other Exchanges
Address
3001 Deming Way, Middleton, WI, USA, 53562
Spectrum Brands Holdings Inc is consumer products and home essentials company. The company is a supplier of consumer batteries, residential locksets, residential builders' hardware, grooming products and personal care products. The company manages the businesses in product-focused segments; Home and Personal Care, global Pet Care, Home and Garden. The Company manufactures, markets and distributes its products globally in the North America, Europe, Middle East & Africa, Latin America, and Asia-Pacific.
Executives
David M Maura director, officer: Executive Chairman and CEO C/O MOSAIC ACQUISITION CORP., 375 PARK AVENUE, NEW YORK NY 10152
Ehsan Zargar officer: EVP, GC & Corporate Secretary C/O HRG GROUP, INC., 450 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10022
Joan Kai Chow director 215 W DIEHL ROAD, NAPERVILLE IL 60563
Leslie Lloyd Campbell director C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Daniel L Karpel officer: VP, Corporate Controller & CAO 3001 DEMING WAY, MIDDLETON WI 53562
Jeremy W Smeltser officer: EVP & CFO 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Rebeckah Long officer: SVP & Global HR C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Randal D. Lewis officer: EVP & COO C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Sherianne James director C/O SPECTRUM BRANDS HOLDINGS, INC., 3001 DEMING WAY, MIDDLETON WI 53562
Hugh R Rovit director C/O ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421
Terry Polistina director 5980 MIAMI LAKES DRIVE, MIAMI LAKES FL 33014
Anne Sempowski Ward director C/O VANDA PHARMACEUTICALS INC., 2200 PENNSYLVANIA AVENUE, SUITE 300E, WASHINGTON DC 20037
Gautam Patel director C/O AMNEAL PHARMACEUTICALS LLC, 400 CROSSING BLVD, BRIDGEWATER NJ 08807
Jefferies Financial Group Inc. 10 percent owner 520 MADISON AVENUE, NEW YORK NY 10022
David Harris director 237 PARK AVENUE - SUITE 900, NEW YORK NY 10017