Passat (XPAR:PSAT) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Passat 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. Passat's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.00 Mil. Passat's average total debt for the quarter that ended in Dec. 2023 was €6.11 Mil. Therefore, Passat's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Passat Effective Interest Rate on Debt % Historical Data

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

Passat Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.97

2.35

2.21

0.55

Passat Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	7.60	-	-

Competitive Comparison of Passat's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Passat'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.

Passat's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

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

Passat Effective Interest Rate on Debt % Calculation

Passat'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 * -0.034	/	( (5.029	+	7.355)	/ 2 )
=	-1 * -0.034	/	6.192
=	0.55 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.738	+	0.291
=	5.029

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.932	+	0.423
=	7.355

Passat'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	/	( (4.873	+	7.355)	/ 2 )
=	-1 * 0	/	6.114
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.58	+	0.293
=	4.873

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.932	+	0.423
=	7.355

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.

Passat (XPAR:PSAT) Effective Interest Rate on Debt % Explanation

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

Passat Effective Interest Rate on Debt % Related Terms

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Passat (XPAR:PSAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Passat SA (XPAR:PSAT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2 rue Alfred de Vigny, Fourqueux, Paris, FRA, 78118

Website

http://www.passat.fr

Passat SA is a France based holding company. It offers its customers wide possibilities of implantation in the points of sale. The company offers a portfolio of products, comprising fitness, beauty, health and leisure products, kitchen utensils and accessories; patented do-it-yourself products, home comfort and maintenance products, gardening products, toys and household products, among others.

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