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Bifire SpA (MIL:FIRE) Effective Interest Rate on Debt % : 4.17% (As of Dec. 2023)


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What is Bifire SpA 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. Bifire SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.25 Mil. Bifire SpA's average total debt for the quarter that ended in Dec. 2023 was €5.95 Mil. Therefore, Bifire SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.17%.

Bifire SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Bifire SpA'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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Bifire SpA Effective Interest Rate on Debt % Chart

Bifire SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.53 0.76 2.53 3.53

Bifire SpA Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 1.16 1.21 3.97 2.81 4.17

Competitive Comparison of Bifire SpA's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Bifire SpA'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.

Bifire SpA's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bifire SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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


Bifire SpA Effective Interest Rate on Debt % Calculation

Bifire SpA'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  *  -0.202/( (5.321+6.131)/ 2 )
=-1  *  -0.202/5.726
=3.53 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.107 + 1.214
=5.321

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.626 + 1.505
=6.131

Bifire SpA'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  *  -0.248/( (5.766+6.131)/ 2 )
=-1  *  -0.248/5.9485
=4.17 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.466 + 1.3
=5.766

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.626 + 1.505
=6.131

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

Bifire SpA  (MIL:FIRE) Effective Interest Rate on Debt % Explanation

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

Bifire SpA Effective Interest Rate on Debt % Related Terms

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Bifire SpA (MIL:FIRE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bifire SpA (MIL:FIRE) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
MIL:SCK MIL:EGB MIL:NUS MIL:SOM MIL:FUM TT TSE:6367 CARR JCI XPAR:SGO XSWX:GEBN BLDR LII CSL DUB:KRX MAS OSTO:NIBE B OC WMS SZSE:002271
Traded in Other Exchanges
Q8I:Germany
Address
Via Lavoratori dell'Autobianchi, 1, Desio, ITA, 20832
Website
https://www.bifire.it
Bifire SpA is a manufacturer of products for thermal insulation and fire protection in construction, industrial and marine environments, manufactures technological and innovative products, enabling the completion of projects. Its products comprise Aquafire, Aquafire LED, Bilife, and Vacunanex. Its products cater to Fireproofing construction, Thermal insulation construction, Fireproofing Industry, and Thermal Insulation Industry.

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