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Infinera (Infinera) Effective Interest Rate on Debt % : 4.64% (As of Mar. 2024)


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What is Infinera 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. Infinera's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $35 Mil. Infinera's average total debt for the quarter that ended in Mar. 2024 was $744 Mil. Therefore, Infinera's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.64%.


Infinera Effective Interest Rate on Debt % Historical Data

The historical data trend for Infinera'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.

Infinera Effective Interest Rate on Debt % Chart

Infinera 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 6.98 8.64 8.25 4.08 4.16

Infinera 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 3.75 4.04 4.13 4.76 4.64

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

For the Communication Equipment subindustry, Infinera'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.


Infinera's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Infinera Effective Interest Rate on Debt % Calculation

Infinera'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  *  -30.609/( (725.792+744.637)/ 2 )
=-1  *  -30.609/735.2145
=4.16 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=713.581 + 12.211
=725.792

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=706.22 + 38.417
=744.637

Infinera'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  *  -34.516/( (744.637+742.363)/ 2 )
=-1  *  -34.516/743.5
=4.64 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=706.22 + 38.417
=744.637

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=704.2 + 38.163
=742.363

* 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.


Infinera  (NAS:INFN) Effective Interest Rate on Debt % Explanation

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


Infinera Effective Interest Rate on Debt % Related Terms

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Infinera (Infinera) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Infinera Corp (NAS:INFN) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
6373 San Ignacio Avenue, San Jose, CA, USA, 95119
Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.
Executives
Michael H Fernicola officer: Chief Accounting Officer C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
David W Heard officer: GM, Products and Solutions C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
George Andrew Riedel director C/O NORTEL NETWORKS CORPORATION, 8200 DIXIE ROAD, SUITE 100, BRAMPTON A6 L6T 5P6
Paul J Milbury director
David F Welch officer: Chief Mkting & Strategy Ofcr C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Nicholas Walden officer: SVP, Worldwide Sales 140 CASPIAN COURT, SUNNYVALE CA 94089
Roop Kalyan Lakkaraju director BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Christine Bucklin director 608 30TH STREET, MANHATTAN BEACH CA 90266
Thomas J Fallon officer: Chief Operating Officer C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Mark A Wegleitner director C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Hooshmand Kambiz director 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Amy H. Rice director 333 SOUTH GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Partners Ltd 10 percent owner 181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Asset Management Inc. 10 percent owner BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3