VEF AS (ORSE:VEF1R) Effective Interest Rate on Debt % : 6.58% (As of Mar. 2023)

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What is VEF AS 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. VEF AS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was €0.16 Mil. VEF AS's average total debt for the quarter that ended in Mar. 2023 was €2.49 Mil. Therefore, VEF AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 6.58%.

VEF AS Effective Interest Rate on Debt % Historical Data

The historical data trend for VEF AS'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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VEF AS Effective Interest Rate on Debt % Chart

VEF AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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4.38

5.27

5.78

6.02

6.14

VEF AS Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.15	6.66	6.81	6.50	6.58

Competitive Comparison of VEF AS's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, VEF AS'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.

VEF AS's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, VEF AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

VEF AS Effective Interest Rate on Debt % Calculation

VEF AS'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 * -0.144	/	( (2.15	+	2.539)	/ 2 )
=	-1 * -0.144	/	2.3445
=	6.14 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.939	+	0.211
=	2.15

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.047	+	2.492
=	2.539

VEF AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -0.164	/	( (2.539	+	2.446)	/ 2 )
=	-1 * -0.164	/	2.4925
=	6.58 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.047	+	2.492
=	2.539

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.446
=	2.446

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

VEF AS (ORSE:VEF1R) Effective Interest Rate on Debt % Explanation

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

VEF AS Effective Interest Rate on Debt % Related Terms

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VEF AS (ORSE:VEF1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » VEF AS (ORSE:VEF1R) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Brivibas Street 214, Riga, LVA, LV-1039

Website

http://www.vef.lv

VEF AS focuses on doing business by managing its own real estate property, renting business spaces, and also electricity distribution services for businesses located in the VEF territory.

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