Concentrix (STU:CO8) Effective Interest Rate on Debt % : 6.62% (As of Feb. 2024)

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What is Concentrix 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. Concentrix's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was €306 Mil. Concentrix's average total debt for the quarter that ended in Feb. 2024 was €4,618 Mil. Therefore, Concentrix's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 6.62%.

Concentrix Effective Interest Rate on Debt % Historical Data

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

Concentrix Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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4.43

2.96

2.42

4.77

5.50

Concentrix Quarterly Data
	Nov18	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															5.97	8.61	6.45	6.35	6.62

Competitive Comparison of Concentrix's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Concentrix'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.

Concentrix's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Concentrix Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -185.728	/	( (2182.027	+	4566.431)	/ 2 )
=	-1 * -185.728	/	3374.229
=	5.50 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2182.027	+	0
=	2182.027

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4564.294	+	2.137
=	4566.431

Concentrix'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 * -305.684	/	( (4566.431	+	4669.135)	/ 2 )
=	-1 * -305.684	/	4617.783
=	6.62 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4564.294	+	2.137
=	4566.431

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4666.619	+	2.516
=	4669.135

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.

Concentrix (STU:CO8) Effective Interest Rate on Debt % Explanation

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

Concentrix Effective Interest Rate on Debt % Related Terms

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Concentrix (STU:CO8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Concentrix Corp (STU:CO8) » Definitions » Effective Interest Rate on Debt %

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CNXC:USA

Address

39899 Balentine Drive, Newark, CA, USA, 94560

Website

https://www.concentrix.com

Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.

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