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Element Solutions (Element Solutions) Effective Interest Rate on Debt % : 2.47% (As of Dec. 2023)


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What is Element Solutions 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. Element Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $49 Mil. Element Solutions's average total debt for the quarter that ended in Dec. 2023 was $1,993 Mil. Therefore, Element Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.47%.


Element Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Element Solutions'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.

* Premium members only.

Element Solutions Effective Interest Rate on Debt % Chart

Element Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.62 4.13 3.14 2.67 2.56

Element Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.44 2.46 2.44 2.61 2.47

Competitive Comparison of Element Solutions's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Element Solutions'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.


Element Solutions's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Element Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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



Element Solutions Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -49.3/( (1911.2+1947.5)/ 2 )
=-1  *  -49.3/1929.35
=2.56 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1883.8 + 27.4
=1911.2

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1921 + 26.5
=1947.5

Element Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -49.2/( (2039.3+1947.5)/ 2 )
=-1  *  -49.2/1993.4
=2.47 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2027.8 + 11.5
=2039.3

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1921 + 26.5
=1947.5

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Element Solutions  (NYSE:ESI) Effective Interest Rate on Debt % Explanation

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


Element Solutions Effective Interest Rate on Debt % Related Terms

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Element Solutions (Element Solutions) Business Description

Industry
Traded in Other Exchanges
Address
500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, USA, 33394
Element Solutions Inc is a specialty chemicals company whose businesses supply a broad range of solutions that enhance the performance of products people use every day. The company has two segments which are Electronics and Industrial & Specialty. The Industrial & Specialty segment researches, formulates and sells specialty chemicals and process technologies that enhance surfaces or improve industrial processes in diverse industrial sectors from automotive trim to transcontinental infrastructure and from high-speed printing to high-design faucets. The electronics segment researches, formulates and sells specialty chemicals and material process technologies for all types of electronics hardware, from complex printed circuit board designs to semiconductor packaging.
Executives
Nichelle Maynard-elliott director PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Michael Goralski officer: See Remarks 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Benjamin Gliklich officer: VP Corporate Dev, Finance & IR 245 FREIGHT STREET, WATERBURY CT 06702
Carey J. Dorman officer: Chief Financial Officer C/O ELEMENT SOLUTIONS INC, 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Martin E Franklin director C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
Elyse Napoli Filon director 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Scot Benson officer: President - Perf. Solutions 245 FREIGHT STREET, WATERBURY CT 06702
Joseph J. D'ambrisi officer: SVP and Head of Electronics 383 MAIN AVENUE, 6TH FLOOR, NORWALK CT 06851
Patricia Mount officer: VP, Program Mgt & Integration JARDEN CORPORATION, 555 THEODORE FREMD AVENUE, RYE NY 10580
Christopher T. Fraser director 9555 WEST SAM HOUSTON PARKWAY SOUTH, SUITE 600, HOUSTON TX 77099
Ashken Ian G H director C/O MARIPOSA CAPITAL, LLC, 5200 BLUE LAGOON DRIVE, SUITE 855, MIAMI FL 33126
John Edward Capps officer: EVP, General Counsel & Sec. 2381 EXECUTIVE CENTER DRIVE, BOCA RATON FL 33431
Rakesh Sachdev officer: Chief Executive Officer 3050 SPRUCE STREET, ST LOUIS MO 63103
Pershing Square Capital Management, L.p. director, 10 percent owner 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
John David Tolbert officer: Chief Human Resources Officer 345 S HIGH STREET, STE 201, MUNCIE IN 47305

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