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Cerence (Cerence) Effective Interest Rate on Debt % : 4.27% (As of Mar. 2024)


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What is Cerence 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. Cerence's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $12.4 Mil. Cerence's average total debt for the quarter that ended in Mar. 2024 was $291.1 Mil. Therefore, Cerence's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.27%.


Cerence Effective Interest Rate on Debt % Historical Data

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

Cerence Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 7.66 4.79 5.01 5.13

Cerence 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 5.41 5.60 4.29 4.46 4.27

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

For the Software - Application subindustry, Cerence'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.


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

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

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



Cerence Effective Interest Rate on Debt % Calculation

Cerence'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  *  -14.769/( (286.82+289.332)/ 2 )
=-1  *  -14.769/288.076
=5.13 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=270.811 + 16.009
=286.82

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=283.898 + 5.434
=289.332

Cerence'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  *  -12.444/( (291.161+291.088)/ 2 )
=-1  *  -12.444/291.1245
=4.27 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=285.485 + 5.676
=291.161

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=285.9 + 5.188
=291.088

* 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.


Cerence  (NAS:CRNC) Effective Interest Rate on Debt % Explanation

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


Cerence Effective Interest Rate on Debt % Related Terms

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Cerence (Cerence) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Cerence Inc (NAS:CRNC) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1 Burlington Woods Drive, Suite 301A, Burlington, MA, USA, 01803
Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.
Executives
Stefan Ortmanns officer: Executive Vice President WALTER-SCHEIBLER-STR 24, MONSCHAU 2M 52156
Iqbal Arshad officer: EVP, CTO CERENCE INC., 1 BURLINGTON WOODS DRIVE, SUITE 301A, BURLINGTON MA 01803
Thomas L Beaudoin director NUANCE COMMUNICATIONS, INC., 1 WAYSIDE ROAD, BURLINGTON MA 01803
Marcy S Klevorn director ONE AMERICAN ROAD, DEARBORN MI 48126
Prateek Kathpal officer: EVP & CTO 1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Christophe Couvreur officer: SVP, Core BU 1 BURLINGTON WOODS DRIVE, BURLINGTON MA 01803
Douglas Lee Davis director 1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
Marc Montagner officer: Chief Financial Officer C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803
Sanjay Dhawan director, officer: Chief Executive Officer C/O HARMAN INTERNATIONAL INDUSTRIES, INC, 400 ATLANTIC STREET, STAMFORD CT 06901
Leanne Fitzgerald director, officer: Vice President and Secretary 1 WAYSIDE ROAD, BURLINGTON MA 01803
Mark J Gallenberger officer: President LTX-CREDENCE CORPORATION, 825 UNIVERSITY AVENUE, NORWOOD MA 02062
Alfred A Nietzel director ONE ADP BOULEVARD, ROSELAND NJ 07068
Kristi Ann Matus director C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Marianne Budnik director C/O ACME PACKET, INC., 100 CROSBY DRIVE, BEDFORD MA 01730
Sanjay K Jha director 15 WAYSIDE ROAD, BURLINGTON MA 01803