Magnit PJSC (XKAZ:RU_MGNT) Effective Interest Rate on Debt % : 7.96% (As of Jun. 2023)

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What is Magnit PJSC 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. Magnit PJSC's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was ₸456,450 Mil. Magnit PJSC's average total debt for the quarter that ended in Jun. 2023 was ₸5,730,731 Mil. Therefore, Magnit PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 7.96%.

Magnit PJSC Effective Interest Rate on Debt % Historical Data

The historical data trend for Magnit PJSC'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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Magnit PJSC Effective Interest Rate on Debt % Chart

Magnit PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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8.46

9.91

8.06

7.93

9.50

Magnit PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.50	8.17	9.31	9.45	7.96

Competitive Comparison of Magnit PJSC's Effective Interest Rate on Debt %

For the Discount Stores subindustry, Magnit PJSC'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.

Magnit PJSC's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

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

Magnit PJSC Effective Interest Rate on Debt % Calculation

Magnit PJSC'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 * -518173.891	/	( (4286376.676	+	6626544.846)	/ 2 )
=	-1 * -518173.891	/	5456460.761
=	9.50 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3546737.589	+	739639.087
=	4286376.676

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5034644.605	+	1591900.241
=	6626544.846

Magnit PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -456450.348	/	( (6626544.846	+	4834917.668)	/ 2 )
=	-1 * -456450.348	/	5730731.257
=	7.96 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5034644.605	+	1591900.241
=	6626544.846

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3756889.364	+	1078028.304
=	4834917.668

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

Magnit PJSC (XKAZ:RU_MGNT) Effective Interest Rate on Debt % Explanation

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

Magnit PJSC Effective Interest Rate on Debt % Related Terms

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Magnit PJSC (XKAZ:RU_MGNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magnit PJSC (XKAZ:RU_MGNT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MGNT:Russia

Address

15/5, Solnechnaya Street, Krasnodar, RUS, 350072

Website

https://www.magnit.com

PJSC Magnit operates in the retail and distribution of consumer goods under the Magnit, the DIXY and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets and other. The Group's business operations are located in the Russian Federation and relate primarily to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.

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