ElringKlinger AG (XTER:ZIL2) Effective Interest Rate on Debt % : 43.33% (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is ElringKlinger AG 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. ElringKlinger AG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €31 Mil. ElringKlinger AG's average total debt for the quarter that ended in Mar. 2024 was €72 Mil. Therefore, ElringKlinger AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 43.33%.

ElringKlinger AG Effective Interest Rate on Debt % Historical Data

The historical data trend for ElringKlinger AG'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.

* Premium members only.

ElringKlinger AG Effective Interest Rate on Debt % Chart

ElringKlinger AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

17.99

19.41

10.63

16.30

30.18

ElringKlinger AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															35.05	112.35	125.54	-47.17	43.33

Competitive Comparison of ElringKlinger AG's Effective Interest Rate on Debt %

For the Auto Parts subindustry, ElringKlinger AG'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.

ElringKlinger AG's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ElringKlinger AG's Effective Interest Rate on Debt % distribution charts can be found below:

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

ElringKlinger AG Effective Interest Rate on Debt % Calculation

ElringKlinger AG'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 * -29.582	/	( (106.211	+	89.847)	/ 2 )
=	-1 * -29.582	/	98.029
=	30.18 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.993	+	63.218
=	106.211

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.916	+	57.931
=	89.847

ElringKlinger AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -31.304	/	( (89.847	+	54.654)	/ 2 )
=	-1 * -31.304	/	72.2505
=	43.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.916	+	57.931
=	89.847

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.808	+	17.846
=	54.654

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ElringKlinger AG (XTER:ZIL2) Effective Interest Rate on Debt % Explanation

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

ElringKlinger AG Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of ElringKlinger AG's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

ElringKlinger AG (XTER:ZIL2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ElringKlinger AG (XTER:ZIL2) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ELLRY:USA EGKLF:USA 0MG5:UK

Address

Max-Eyth-Strasse 2, Dettingen an der Erms, DEU, 72581

Website

https://www.elringklinger.com

ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market.

Executives

Klaus Eberhardt

Supervisory Board

ElringKlinger AG (XTER:ZIL2) Headlines

No Headlines