Zardoya Otis (XMAD:ZOT) Effective Interest Rate on Debt % : -0.56% (As of Nov. 2021)

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What is Zardoya Otis 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. Zardoya Otis's annualized positive value of Interest Expense for the quarter that ended in Nov. 2021 was €-0.1 Mil. Zardoya Otis's average total debt for the quarter that ended in Nov. 2021 was €24.2 Mil. Therefore, Zardoya Otis's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2021 was -0.56%.

Zardoya Otis Effective Interest Rate on Debt % Historical Data

The historical data trend for Zardoya Otis'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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Zardoya Otis Effective Interest Rate on Debt % Chart

Zardoya Otis Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Effective Interest Rate on Debt %

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121.79

123.33

38.34

7.37

2.53

Zardoya Otis Quarterly Data
	Nov15	May16	Nov16	May17	Nov17	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.33	1.40	6.04	4.59	-0.56

Competitive Comparison of Zardoya Otis's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Zardoya Otis'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.

Zardoya Otis's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zardoya Otis's Effective Interest Rate on Debt % distribution charts can be found below:

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

Zardoya Otis Effective Interest Rate on Debt % Calculation

Zardoya Otis's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2020 )	+	Total Debt (A: Nov. 2021 ))	/ count )
=	-1 * -0.666	/	( (28.516	+	24.189)	/ 2 )
=	-1 * -0.666	/	26.3525
=	2.53 %

where

	Total Debt (A: Nov. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.696	+	10.82
=	28.516

	Total Debt (A: Nov. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.432	+	10.757
=	24.189

Zardoya Otis's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2021 )	+	Total Debt (Q: Nov. 2021 ))	/ count )
=	-1 * 0.136	/	( (0	+	24.189)	/ 1 )
=	-1 * 0.136	/	24.189
=	-0.56 %

where

	Total Debt (Q: Aug. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Nov. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.432	+	10.757
=	24.189

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 (Nov. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Zardoya Otis (XMAD:ZOT) Effective Interest Rate on Debt % Explanation

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

Zardoya Otis Effective Interest Rate on Debt % Related Terms

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Zardoya Otis (XMAD:ZOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zardoya Otis SA (XMAD:ZOT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

C / Gulf of Thessaloniki No. 73, Madrid, ESP, 28033

Website

https://www.otis.com

Zardoya Otis SA and its subsidiaries are in the business of manufacturing and installing elevators and provision of related maintenance services and export of equipment for installation. The company has manufacturing plants in Madrid and San Sebastian and modernization centers in Munguia and Vigo. Its significant contracts include Louvre museum, Stavros niarchos foundation and Auchan supermarkets. The company mainly operates in Spain, Portugal and Morocco.

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