Akfen Yenilenebilir Enerji (IST:AKFYE) Effective Interest Rate on Debt % : 14.37% (As of Dec. 2023)

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What is Akfen Yenilenebilir Enerji 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. Akfen Yenilenebilir Enerji's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺1,452 Mil. Akfen Yenilenebilir Enerji's average total debt for the quarter that ended in Dec. 2023 was ₺10,104 Mil. Therefore, Akfen Yenilenebilir Enerji's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.37%.

Akfen Yenilenebilir Enerji Effective Interest Rate on Debt % Historical Data

The historical data trend for Akfen Yenilenebilir Enerji'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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Akfen Yenilenebilir Enerji Effective Interest Rate on Debt % Chart

Akfen Yenilenebilir Enerji Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.40

8.19

8.42

20.66

9.19

Akfen Yenilenebilir Enerji Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							50.55	4.50	15.84	8.10	14.37

Competitive Comparison of Akfen Yenilenebilir Enerji's Effective Interest Rate on Debt %

For the Utilities - Renewable subindustry, Akfen Yenilenebilir Enerji'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.

Akfen Yenilenebilir Enerji's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Akfen Yenilenebilir Enerji's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Akfen Yenilenebilir Enerji's Effective Interest Rate on Debt % falls into.

Akfen Yenilenebilir Enerji Effective Interest Rate on Debt % Calculation

Akfen Yenilenebilir Enerji'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 * -1028.722	/	( (12551.468	+	9840.756)	/ 2 )
=	-1 * -1028.722	/	11196.112
=	9.19 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9962.753	+	2588.715
=	12551.468

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7439.14	+	2401.616
=	9840.756

Akfen Yenilenebilir Enerji'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 * -1452.492	/	( (10368.239	+	9840.756)	/ 2 )
=	-1 * -1452.492	/	10104.4975
=	14.37 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8059.622	+	2308.617
=	10368.239

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7439.14	+	2401.616
=	9840.756

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.

Akfen Yenilenebilir Enerji (IST:AKFYE) Effective Interest Rate on Debt % Explanation

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

Akfen Yenilenebilir Enerji Effective Interest Rate on Debt % Related Terms

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Akfen Yenilenebilir Enerji (IST:AKFYE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Akfen Yenilenebilir Enerji (IST:AKFYE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Turan Gunes Bulvar? Galip Erdem Caddesi, No:3, Ilkbahar Mahallesi, Cankaya, Ankara, TUR

Website

https://www.akfenren.com.tr

Akfen Yenilenebilir Enerji operates as a renewable energy company. The company generates and trades electricity through renewable energy power plants such as hydroelectric power plant facilities, Solar Power Plants, and Wind Power Plants.

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