DMG Mori Aktiengesellschaft (XTER:GIL) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)

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What is DMG Mori Aktiengesellschaft 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. DMG Mori Aktiengesellschaft's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0 Mil. DMG Mori Aktiengesellschaft's average total debt for the quarter that ended in Jun. 2023 was €60 Mil. Therefore, DMG Mori Aktiengesellschaft's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.

DMG Mori Aktiengesellschaft Effective Interest Rate on Debt % Historical Data

The historical data trend for DMG Mori Aktiengesellschaft'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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DMG Mori Aktiengesellschaft Effective Interest Rate on Debt % Chart

DMG Mori Aktiengesellschaft Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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19.97

14.54

10.44

10.37

10.84

DMG Mori Aktiengesellschaft 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															5.77	3.28	-	3.61	-

Competitive Comparison of DMG Mori Aktiengesellschaft's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, DMG Mori Aktiengesellschaft'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.

DMG Mori Aktiengesellschaft's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

DMG Mori Aktiengesellschaft Effective Interest Rate on Debt % Calculation

DMG Mori Aktiengesellschaft'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 * -5.645	/	( (50.313	+	53.835)	/ 2 )
=	-1 * -5.645	/	52.074
=	10.84 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.977	+	19.336
=	50.313

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.377	+	23.458
=	53.835

DMG Mori Aktiengesellschaft'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 * 0	/	( (53.835	+	65.2)	/ 2 )
=	-1 * 0	/	59.5175
=	0.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.377	+	23.458
=	53.835

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51.4	+	13.8
=	65.2

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.

DMG Mori Aktiengesellschaft (XTER:GIL) Effective Interest Rate on Debt % Explanation

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

DMG Mori Aktiengesellschaft Effective Interest Rate on Debt % Related Terms

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DMG Mori Aktiengesellschaft (XTER:GIL) Business Description

Industry

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Address

Gildemeisterstrasse 60, Bielefeld, DEU, D-33689

Website

https://www.dmgmori.com

DMG Mori Aktiengesellschaft is a manufacturer of metal-cutting machine tools. The company operates three business segments: machine tools, industrial services, and corporate services. The machine tools segment includes turning and milling companies that produce lathes and milling machines, advanced technologies, and software solutions. Industrial solutions include the entire machine life cycle services. The largest end markets are Germany and the rest of Europe. The company is majority-owned by DMG Mori Company.