Sierra Wireless (Sierra Wireless) Effective Interest Rate on Debt % : 6.26% (As of Sep. 2022)

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What is Sierra Wireless 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. Sierra Wireless's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $4.8 Mil. Sierra Wireless's average total debt for the quarter that ended in Sep. 2022 was $76.7 Mil. Therefore, Sierra Wireless's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 6.26%.

Sierra Wireless Effective Interest Rate on Debt % Historical Data

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

Sierra Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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14.30

1.65

2.92

1.22

Sierra Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.51	2.77	8.17	-	6.26

Competitive Comparison of Sierra Wireless's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Sierra Wireless'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.

Sierra Wireless's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Sierra Wireless Effective Interest Rate on Debt % Calculation

Sierra Wireless's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.315	/	( (24.609	+	27.121)	/ 2 )
=	-1 * -0.315	/	25.865
=	1.22 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.062	+	7.547
=	24.609

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.476	+	2.645
=	27.121

Sierra Wireless's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -4.8	/	( (69.582	+	83.798)	/ 2 )
=	-1 * -4.8	/	76.69
=	6.26 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.611	+	0.971
=	69.582

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.358	+	17.44
=	83.798

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 (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sierra Wireless (NAS:SWIR) Effective Interest Rate on Debt % Explanation

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

Sierra Wireless Effective Interest Rate on Debt % Related Terms

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Sierra Wireless (Sierra Wireless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sierra Wireless Inc (NAS:SWIR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

13811 Wireless Way, Richmond, BC, CAN, V6V 3A4

Website

https://www.sierrawireless.com

Sierra Wireless Inc is a wireless communication equipment designer and provider of Device-To-Cloud Internet-of-Things solutions. The company's product and services portfolio contain products such as high-speed cellular modules and services such as connectivity services, cloud platforms, and cellular gateways, among others. It operates through two business segments: Internet of Things solutions and Embedded broadband. The vast majority of revenue comes from the company's embedded broadband segment, and more than half of its revenue is earned in the Americas and Asia-Pacific region.