Use the values and its changes to explain cost of debt (kd) and its changes from 2016 to 2020.  Discuss any trends, major causes and general conclusions.  The table contains all the required information to answer the question.

 

$ values in million Cost of debt (KD) % Change Interest Expense (F) % Change Debt % Change Long-term debt % Change Short-term debt % Change LT vs ST 2016 Bearing Int. vs Non- Int. % Change 2.25% 271.60 13.10 869.29 % Change Current Portion of LTD 671.70 Non - Interest 12,072.50 11,313.50 -6.29% 3,157.50 3.82 2017 Leverage % Change Risk free rate 1.92% % Change 3.09% 41.14% 37.24% 349.30 28.61% 11,387.70 10,598.70 8,893.80 -6.93% -16.09% 7.40 -43.51% 1,432.26 64.76% 707.40 3,399.30 3.33 -12.95% 2018 37.40% -9.09% 2.20% 14.58% 2.92% -5.44% 306.20 -12.34% 10,488.30 -7.29% 11.40 54.05% 780.16 -45.53% 4,300.90 2019 2.44 -26.73% 34.83% -6.87% 2.51% 14.09% 3.11% 6.46% 280.90 -8.26% 6.90 -39.47% 1,583.10 921.30 1,175.29 50.65% 9,037.70 8,228.30 -13.83% -8.96% 8,109.50 7,208.20 -8.82% 3,695.50 2020 2.45 0.29% 3.34% 31.32% -10.10% 1.69% -32.67% 7.37% 274.60 -2.24% Average % change 1,006.10 11.41% -11.11% -10.74% 3,909.60 1.44% 14.00 102.90% 18.49% -9.09% 514.87 -56.19% 3.42% 30.11% -3.86% 0.36% -78.70% 2.10 -13.94% -13.33% -7.48% -20.67% Overall % change 48.34% 1.10% -31.84% -36.70% 6.87% -40.77% -44.95% -26.83% -81.2500%