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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. Rackspace Technology's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $175 Mil. Rackspace Technology's average total debt for the quarter that ended in Mar. 2024 was $3,434 Mil. Therefore, Rackspace Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.09%.
The historical data trend for Rackspace Technology'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.
Rackspace Technology Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 7.92 | 6.46 | 5.15 | 5.33 | 6.13 |
Rackspace Technology 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 | 5.92 | 6.02 | 6.14 | 5.84 | 5.09 |
For the Software - Infrastructure subindustry, Rackspace Technology'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.
For the Software industry and Technology sector, Rackspace Technology's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Rackspace Technology's Effective Interest Rate on Debt % falls into.
Rackspace Technology'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 * -221.6 | / | ( (3852.1 | + | 3381) | / 2 ) |
= | -1 * -221.6 | / | 3616.55 | |||
= | 6.13 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 3690.7 | + | 161.4 |
= | 3852.1 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 3222.2 | + | 158.8 |
= | 3381 |
Rackspace Technology'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 * -174.8 | / | ( (3381 | + | 3486.2) | / 2 ) |
= | -1 * -174.8 | / | 3433.6 | |||
= | 5.09 % |
where
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 3222.2 | + | 158.8 |
= | 3381 |
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 3339.5 | + | 146.7 |
= | 3486.2 |
* 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.
Rackspace Technology (NAS:RXT) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Rackspace Technology's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Srini Koushik | officer: Chief Technology Officer | 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
Dharmendra Kumar Sinha | officer: EVP, President, Public Cloud | C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP, 300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666 |
Amar Maletira | officer: President & CFO | C/O VIAVI SOLUTIONS INC., 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035 |
Mark A. Marino | other: Vice President & CAO | 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
Casey L. Shilling | officer: SVP - Chief Marketing Officer | 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
Rackspace Technology, Inc. | director | 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
Anthony C. Roberts | director | 1 FANATICAL PLACE, SAN ANTONIO TX 78218 |
Betsy S Atkins | director | |
Anthony Scott | director | 25501 WEST VALLEY PARKWAY, OLATHE KS 66061 |
Kellie Teal-guess | officer: Chief Human Resources Officer | 1 FANATICAL PLACE, C/O RACKSPACE TECHNOLOGY, INC., SAN ANTONIO TX 78218 |
Brian Lillie | officer: EVP, President Private Cloud | 1485 BROOKMILL ROAD, LOS ALTOS CA 94024 |
Naushaza Molu | officer: EVP, Chief Financial Officer | 1 FANATICAL PLACE, SAN ANTONIO TX 78218 |
Shashank Samant | director | 6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496 |
Gregory S. Hrncir | officer: SVP - Chief Operations Officer | 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218 |
Timothy Campos | director | C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035 |
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