Grupo Catalana Occidente (XMAD:GCO) Effective Interest Rate on Debt % : 6.16% (As of Sep. 2023)

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What is Grupo Catalana Occidente 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. Grupo Catalana Occidente's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was €53 Mil. Grupo Catalana Occidente's average total debt for the quarter that ended in Sep. 2023 was €859 Mil. Therefore, Grupo Catalana Occidente's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.16%.

Grupo Catalana Occidente Effective Interest Rate on Debt % Historical Data

The historical data trend for Grupo Catalana Occidente'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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Grupo Catalana Occidente Effective Interest Rate on Debt % Chart

Grupo Catalana Occidente Annual Data

Trend

Dec13

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Effective Interest Rate on Debt %

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Grupo Catalana Occidente Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	16.74	35.92	6.16

Competitive Comparison of Grupo Catalana Occidente's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Grupo Catalana Occidente'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.

Grupo Catalana Occidente's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Grupo Catalana Occidente's Effective Interest Rate on Debt % distribution charts can be found below:

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

Grupo Catalana Occidente Effective Interest Rate on Debt % Calculation

Grupo Catalana Occidente's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (327.851	+	325.269)	/ 2 )
=	-1 * 0	/	326.56
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	327.851	+	0
=	327.851

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	325.269	+	0
=	325.269

Grupo Catalana Occidente's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -52.916	/	( (166.496	+	1551.7)	/ 2 )
=	-1 * -52.916	/	859.098
=	6.16 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	166.496	+	0
=	166.496

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1551.7	+	0
=	1551.7

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

Grupo Catalana Occidente (XMAD:GCO) Effective Interest Rate on Debt % Explanation

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

Grupo Catalana Occidente Effective Interest Rate on Debt % Related Terms

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Grupo Catalana Occidente (XMAD:GCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Grupo Catalana Occidente SA (XMAD:GCO) » Definitions » Effective Interest Rate on Debt %

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Address

Avenida Alcalde Barnils 63, Sant Cugat del Valles, Barcelona, ESP, 08174

Website

https://www.grupocatalanaoccidente.com

Grupo Catalana Occidente SA is a property and casualty company that operates in the global insurance market, as well as the global credit insurance market. It generates most of its revenue from Spain and other European countries. The company's revenue is generally split between its traditional insurance business and its credit insurance activity. Its traditional insurance business includes residential, commercial, auto, and life insurance products. Grupo's credit insurance business protects companies from the default risk associated with selling products and services on credit.