Movida Participacoes (BSP:MOVI3) Effective Interest Rate on Debt % : 9.03% (As of Dec. 2023)

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What is Movida Participacoes 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. Movida Participacoes's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R$1,314 Mil. Movida Participacoes's average total debt for the quarter that ended in Dec. 2023 was R$14,547 Mil. Therefore, Movida Participacoes's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.03%.

Movida Participacoes Effective Interest Rate on Debt % Historical Data

The historical data trend for Movida Participacoes'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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Movida Participacoes Effective Interest Rate on Debt % Chart

Movida Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.66

5.27

7.77

10.37

8.56

Movida Participacoes 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															10.13	15.05	17.03	9.03	0.33

Competitive Comparison of Movida Participacoes's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Movida Participacoes'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.

Movida Participacoes's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Movida Participacoes's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Movida Participacoes's Effective Interest Rate on Debt % falls into.

Movida Participacoes Effective Interest Rate on Debt % Calculation

Movida Participacoes'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 * -1417.944	/	( (17765.581	+	15361.739)	/ 2 )
=	-1 * -1417.944	/	16563.66
=	8.56 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15680.66	+	2084.921
=	17765.581

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14017.987	+	1343.752
=	15361.739

Movida Participacoes'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 * -1314.244	/	( (13731.979	+	15361.739)	/ 2 )
=	-1 * -1314.244	/	14546.859
=	9.03 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12854.252	+	877.727
=	13731.979

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14017.987	+	1343.752
=	15361.739

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.

Movida Participacoes (BSP:MOVI3) Effective Interest Rate on Debt % Explanation

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

Movida Participacoes Effective Interest Rate on Debt % Related Terms

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Movida Participacoes (BSP:MOVI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Movida Participacoes SA (BSP:MOVI3) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.movida.com.br/

Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

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