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Wiz Co Participacoes e Corretagem de Seguros (BSP:WIZC3) Effective Interest Rate on Debt % : 16.14% (As of Mar. 2024)


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What is Wiz Co Participacoes e Corretagem de Seguros 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. Wiz Co Participacoes e Corretagem de Seguros's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was R$58 Mil. Wiz Co Participacoes e Corretagem de Seguros's average total debt for the quarter that ended in Mar. 2024 was R$361 Mil. Therefore, Wiz Co Participacoes e Corretagem de Seguros's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.14%.


Wiz Co Participacoes e Corretagem de Seguros Effective Interest Rate on Debt % Historical Data

The historical data trend for Wiz Co Participacoes e Corretagem de Seguros'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.

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Wiz Co Participacoes e Corretagem de Seguros Effective Interest Rate on Debt % Chart

Wiz Co Participacoes e Corretagem de Seguros 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 11.03 3.28 4.27 13.13 18.86

Wiz Co Participacoes e Corretagem de Seguros 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 29.01 42.62 41.19 17.85 16.14

Competitive Comparison of Wiz Co Participacoes e Corretagem de Seguros's Effective Interest Rate on Debt %

For the Insurance Brokers subindustry, Wiz Co Participacoes e Corretagem de Seguros'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.


Wiz Co Participacoes e Corretagem de Seguros's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Wiz Co Participacoes e Corretagem de Seguros's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wiz Co Participacoes e Corretagem de Seguros's Effective Interest Rate on Debt % falls into.



Wiz Co Participacoes e Corretagem de Seguros Effective Interest Rate on Debt % Calculation

Wiz Co Participacoes e Corretagem de Seguros'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  *  -70.77/( (386.256+364.295)/ 2 )
=-1  *  -70.77/375.2755
=18.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=365.584 + 20.672
=386.256

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=335.137 + 29.158
=364.295

Wiz Co Participacoes e Corretagem de Seguros'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  *  -58.296/( (364.295+358.264)/ 2 )
=-1  *  -58.296/361.2795
=16.14 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=335.137 + 29.158
=364.295

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=323.242 + 35.022
=358.264

* 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.


Wiz Co Participacoes e Corretagem de Seguros  (BSP:WIZC3) Effective Interest Rate on Debt % Explanation

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


Wiz Co Participacoes e Corretagem de Seguros Effective Interest Rate on Debt % Related Terms

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Wiz Co Participacoes e Corretagem de Seguros (BSP:WIZC3) Business Description

Traded in Other Exchanges
N/A
Address
Setor Comercial Norte, Quadra 02, Liberty Mall, Tower B, 13th Floor, Room 1301, Brasilia, DF, BRA, 70712-904
Wiz Co Participacoes e Corretagem de Seguros SA is Brazilian insurance brokerage company. It is engaged in developing and implementing business optimization solutions, combining financial and insurance services to meet customer's needs. The company acts as a broker between insurer and bank and it is involved in the sale of individual and corporate insurance products, pension plans, capitalization plans, and consortiums, in the distribution channels. Its insurance products includes life insurance policies, mortgage insurance, credit insurance, auto insurance, residential property insurance, Business Multi-Risk Insurance and other products.

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