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Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Effective Interest Rate on Debt % : 267.68% (As of Dec. 2023)


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What is Vakif Gayrimenkul Yatirim Ortakligi AS 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. Vakif Gayrimenkul Yatirim Ortakligi AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺337 Mil. Vakif Gayrimenkul Yatirim Ortakligi AS's average total debt for the quarter that ended in Dec. 2023 was ₺126 Mil. Therefore, Vakif Gayrimenkul Yatirim Ortakligi AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 267.68%.


Vakif Gayrimenkul Yatirim Ortakligi AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Vakif Gayrimenkul Yatirim Ortakligi AS'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.

Vakif Gayrimenkul Yatirim Ortakligi AS Effective Interest Rate on Debt % Chart

Vakif Gayrimenkul Yatirim Ortakligi AS 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 1.91 3.06 3.65 11.74 39.28

Vakif Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 42.80 4.76 6.52 6.56 267.68

Competitive Comparison of Vakif Gayrimenkul Yatirim Ortakligi AS's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Vakif Gayrimenkul Yatirim Ortakligi AS'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.


Vakif Gayrimenkul Yatirim Ortakligi AS's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vakif Gayrimenkul Yatirim Ortakligi AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Vakif Gayrimenkul Yatirim Ortakligi AS's Effective Interest Rate on Debt % falls into.



Vakif Gayrimenkul Yatirim Ortakligi AS Effective Interest Rate on Debt % Calculation

Vakif Gayrimenkul Yatirim Ortakligi AS'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  *  -92.608/( (357.705+113.765)/ 2 )
=-1  *  -92.608/235.735
=39.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=168.155 + 189.55
=357.705

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.139 + 103.626
=113.765

Vakif Gayrimenkul Yatirim Ortakligi AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -336.512/( (137.661+113.765)/ 2 )
=-1  *  -336.512/125.713
=267.68 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=34.051 + 103.61
=137.661

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.139 + 103.626
=113.765

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Vakif Gayrimenkul Yatirim Ortakligi AS  (IST:VKGYO) Effective Interest Rate on Debt % Explanation

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


Vakif Gayrimenkul Yatirim Ortakligi AS Effective Interest Rate on Debt % Related Terms

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Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Business Description

Traded in Other Exchanges
N/A
Address
Serifali Mah. Bayraktar, Boulevard No: 62 Umraniye, Istanbul, TUR
Vakif Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate, capital market instruments based on real estate, buildings, land, projects based on real estates, usufruct rights established on real estate and rental income. It leases and rents commercial and office buildings in Ankara and Istanbul. Its projects include Istanbul international finance center project, Bizimtepe aydos project, and maltepe housing project.

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