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National Instruments (National Instruments) Effective Interest Rate on Debt % : 6.44% (As of Jun. 2023)


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What is National Instruments 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. National Instruments's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $39 Mil. National Instruments's average total debt for the quarter that ended in Jun. 2023 was $605 Mil. Therefore, National Instruments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 6.44%.


National Instruments Effective Interest Rate on Debt % Historical Data

The historical data trend for National Instruments'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.

National Instruments Effective Interest Rate on Debt % Chart

National Instruments Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.07 1.86 1.54 3.57

National Instruments Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 2.23 3.41 5.30 5.79 6.44

Competitive Comparison of National Instruments's Effective Interest Rate on Debt %

For the Software - Application subindustry, National Instruments'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.


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

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

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



National Instruments Effective Interest Rate on Debt % Calculation

National Instruments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -16.591/( (343.605+586.059)/ 2 )
=-1  *  -16.591/464.832
=3.57 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=330.468 + 13.137
=343.605

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=547.225 + 38.834
=586.059

National Instruments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -38.964/( (567.602+642.467)/ 2 )
=-1  *  -38.964/605.0345
=6.44 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=527.095 + 40.507
=567.602

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=600.859 + 41.608
=642.467

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


National Instruments  (NAS:NATI) Effective Interest Rate on Debt % Explanation

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


National Instruments Effective Interest Rate on Debt % Related Terms

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National Instruments (National Instruments) Business Description

Industry
Traded in Other Exchanges
N/A
Address
11500 North MoPac Expressway, Austin, TX, USA, 78759
National Instruments provides testing and measurement equipment and integrated, software-led solutions to serve high-complexity automated testing in late product development. NI serves a long tail of more than 30,000 customers in myriad end markets but focuses on the semiconductor, transportation, and aerospace and defense verticals.
Executives
Ritu Favre officer: Executive Vice President 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Scott Arthur Rust officer: Executive Vice President C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Alexander M Davern officer: Senior Vice President and CFO C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG C, AUSTIN TX 78759
Thomas Benjamin officer: Executive Vice President C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC EXPRESSWAY, AUSTIN TX 78759
Eric Howard Starkloff director, officer: President & CEO 11500 NORTH MOPAC, BUILDING C, AUSTIN TX 78759
Daniel Berenbaum officer: Chief Financial Officer, EVP C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226
Cashman James E Iii director 2600 ANSYS DRIVE, CANONSBURG PA 15317
Gerhard Paul Fettweis director C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Michael E Mcgrath director 11701 LUNA ROAD, DALLAS TX 75234
Liam Griffin director 5260 CALIFORNIA AVENUE, IRVINE CA 92617
Gayla J Delly director 3000 TECHNOLOGY DR, ANGLETON TX 77515
Jason Elliot Green officer: Chief Revenue Officer & EVP C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Karen Marie Rapp officer: Chief Financial Officer & EVP C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Carla Pineyro Sublett officer: Chief Marketing Officer C/O NATIONAL INSTRUMENTS CORPORATION, 11500 NORTH MOPAC, AUSTIN TX 78759
Jeffrey L Kodosky director C/O NATIONAL INSTRUMENTS CORP, 11500 N. MOPAC EXPRESSWAY, AUSTIN TX 78759

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