Linea Directa Aseguradora (XMAD:LDA) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Linea Directa Aseguradora 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. Linea Directa Aseguradora's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.0 Mil. Linea Directa Aseguradora's average total debt for the quarter that ended in Dec. 2023 was €2.8 Mil. Therefore, Linea Directa Aseguradora's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Linea Directa Aseguradora Effective Interest Rate on Debt % Historical Data

The historical data trend for Linea Directa Aseguradora'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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Linea Directa Aseguradora Effective Interest Rate on Debt % Chart

Linea Directa Aseguradora Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Linea Directa Aseguradora Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Linea Directa Aseguradora's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Linea Directa Aseguradora'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.

Linea Directa Aseguradora's Effective Interest Rate on Debt % Distribution in the Insurance Industry

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

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

Linea Directa Aseguradora Effective Interest Rate on Debt % Calculation

Linea Directa Aseguradora'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 * 0	/	( (3.768	+	2.818)	/ 2 )
=	-1 * 0	/	3.293
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.768	+	0
=	3.768

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.818	+	0
=	2.818

Linea Directa Aseguradora'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	2.818)	/ 1 )
=	-1 * 0	/	2.818
=	0.00 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.818	+	0
=	2.818

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

Linea Directa Aseguradora (XMAD:LDA) Effective Interest Rate on Debt % Explanation

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

Linea Directa Aseguradora Effective Interest Rate on Debt % Related Terms

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Linea Directa Aseguradora (XMAD:LDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Linea Directa Aseguradora SA (XMAD:LDA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LNDAF:USA LDAe:UK 8I2:Germany

Address

Calle de Isaac Newton 7, Tres Cantos, Madrid, ESP, 28760

Website

https://www.lineadirectaaseguradora.com

Linea Directa Aseguradora SA is engaged in insurance and reinsurance activities in the motor, home, and other non-life segments. The company has five operating segments; The motor segment includes private motor insurance and motorbike insurance, The home segment includes multi-risk home insurance products with theft damage, civil liability, fire damage, aesthetic damage, etc, The health segment includes health insurance products under the Vivaz brand, The other insurance segment includes various products with stand-alone policies that are not linked to motor, home or health insurance, such as travel insurance for holders of credit cards and wellness insurance, and The other activities segment mainly relates to auxiliary insurance businesses and commissions.

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