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Wolfspeed (Wolfspeed) Effective Interest Rate on Debt % : 4.39% (As of Mar. 2024)


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What is Wolfspeed 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. Wolfspeed's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $238.0 Mil. Wolfspeed's average total debt for the quarter that ended in Mar. 2024 was $5,425.5 Mil. Therefore, Wolfspeed's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.39%.


Wolfspeed Effective Interest Rate on Debt % Historical Data

The historical data trend for Wolfspeed'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.

Wolfspeed Effective Interest Rate on Debt % Chart

Wolfspeed Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.83 5.51 5.54 2.68 1.63

Wolfspeed 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 1.86 1.76 5.28 4.97 4.39

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

For the Semiconductors subindustry, Wolfspeed'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.


Wolfspeed's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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



Wolfspeed Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -42.6/( (1031.7+4184.8)/ 2 )
=-1  *  -42.6/2608.25
=1.63 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1031.2 + 0.5
=1031.7

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4184.3 + 0.5
=4184.8

Wolfspeed'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  *  -238/( (5177+5673.9)/ 2 )
=-1  *  -238/5425.45
=4.39 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5176.6 + 0.4
=5177

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5673.4 + 0.5
=5673.9

* 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.


Wolfspeed  (NYSE:WOLF) Effective Interest Rate on Debt % Explanation

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


Wolfspeed Effective Interest Rate on Debt % Related Terms

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Wolfspeed (Wolfspeed) Business Description

Industry
Traded in Other Exchanges
Address
4600 Silicon Drive, Durham, NC, USA, 27703
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
Executives
Neill Reynolds officer: Executive Vice President & CFO 4600 SILICON DR, DURHAM NC 27703
Le Duy Loan T director C/O NATIONAL INSTRUMENTS, 11500 MOPAC BLDG B, AUSTIN TX 78759
Gregg A Lowe director, officer: PRESIDENT, CEO AND DIRECTOR 400 W CESAR CHAVEZ STREET, AUSTIN TX 78701
John B Replogle director C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Stacy J Smith director 2200 MISSION COLLEGE BLVD., RNB-4-151, SANTA CLARA CA 95054
Glenda Dorchak director C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Clyde Hosein director C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Marvin Riley director 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Thomas H Werner director 3939 NORTH FIRST STREET, SAN JOSE CA 95134
Anne Clem Whitaker director 109 BRIERY BRANCH COURT, MORRISVILLE NC 27560
John C Hodge director C/O SILICON IMAGE, INC., 1060 E. ARQUES AVE., SUNNYVALE CA 94085
David Todd Emerson officer: EVP, GM LED 4600 SILICON DRIVE, DURHAM NC 27703
Michael E Mcdevitt officer: INTER. CHIEF FINANCIAL OFFICER 713 WALCOTT WAY, CARY NC 27519
Daniel J Castillo officer: EVP Cree & President-Lighting 2645 SILVER CRESCENT DRIVE, CHARLOTTE NC 28273
Darren R Jackson director C/O BEST BUY INC, 7075 FLYING CLOUD DR, EDEN PRAIRIE MN 55344