Arteche Lantegi Elekartea (XMAD:ART) Effective Interest Rate on Debt % : 7.61% (As of Dec. 2023)

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What is Arteche Lantegi Elekartea 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. Arteche Lantegi Elekartea's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €8.5 Mil. Arteche Lantegi Elekartea's average total debt for the quarter that ended in Dec. 2023 was €112.0 Mil. Therefore, Arteche Lantegi Elekartea's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.61%.

Arteche Lantegi Elekartea Effective Interest Rate on Debt % Historical Data

The historical data trend for Arteche Lantegi Elekartea'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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Arteche Lantegi Elekartea Effective Interest Rate on Debt % Chart

Arteche Lantegi Elekartea Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.30

5.32

3.75

4.11

7.29

Arteche Lantegi Elekartea Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				3.91	3.44	4.93	6.30	7.61

Competitive Comparison of Arteche Lantegi Elekartea's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Arteche Lantegi Elekartea'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.

Arteche Lantegi Elekartea's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arteche Lantegi Elekartea's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Arteche Lantegi Elekartea's Effective Interest Rate on Debt % falls into.

Arteche Lantegi Elekartea Effective Interest Rate on Debt % Calculation

Arteche Lantegi Elekartea'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 * -7.938	/	( (113.465	+	104.225)	/ 2 )
=	-1 * -7.938	/	108.845
=	7.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.731	+	52.734
=	113.465

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.818	+	38.407
=	104.225

Arteche Lantegi Elekartea'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 * -8.528	/	( (119.828	+	104.225)	/ 2 )
=	-1 * -8.528	/	112.0265
=	7.61 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	73.054	+	46.774
=	119.828

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.818	+	38.407
=	104.225

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.

Arteche Lantegi Elekartea (XMAD:ART) Effective Interest Rate on Debt % Explanation

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

Arteche Lantegi Elekartea Effective Interest Rate on Debt % Related Terms

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Arteche Lantegi Elekartea (XMAD:ART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arteche Lantegi Elekartea SA (XMAD:ART) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Derio Bidea 28, Bizkaia, Mungia, ESP, 48100

Website

https://www.arteche.com

Arteche Lantegi Elekartea SA is engaged in developing equipment and solutions for the electric power industry. The product portfolio of the company includes High voltage instrument transformers, Digital Instrument Transformers, Trip, supervision, and auxiliary relays, Medium voltage sensors, and Reclosers and switches among others.

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