Mynaric AG (FRA:M0YN) Effective Interest Rate on Debt % : 30.81% (As of Dec. 2023)

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What is Mynaric 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. Mynaric AG's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €24.39 Mil. Mynaric AG's average total debt for the quarter that ended in Dec. 2023 was €79.18 Mil. Therefore, Mynaric AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 30.81%.

Mynaric AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Mynaric 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.

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Mynaric AG Effective Interest Rate on Debt % Chart

Mynaric AG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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25.30

15.71

28.47

Mynaric AG Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								50.49	5.17	20.71	15.65	30.81

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

For the Communication Equipment subindustry, Mynaric 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.

Mynaric AG's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Mynaric AG Effective Interest Rate on Debt % Calculation

Mynaric 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 * -15.862	/	( (23.382	+	88.055)	/ 2 )
=	-1 * -15.862	/	55.7185
=	28.47 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.087	+	16.295
=	23.382

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79.329	+	8.726
=	88.055

Mynaric AG'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 * -24.394	/	( (70.307	+	88.055)	/ 2 )
=	-1 * -24.394	/	79.181
=	30.81 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.396	+	4.911
=	70.307

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79.329	+	8.726
=	88.055

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.

Mynaric AG (FRA:M0YN) Effective Interest Rate on Debt % Explanation

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

Mynaric AG Effective Interest Rate on Debt % Related Terms

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Mynaric AG (FRA:M0YN) Business Description

Industry

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MYNA:USA MOYFF:USA M0YN:Germany

Address

Dornierstrasse 19, Gilching, BY, DEU, 82205

Website

https://www.mynaric.com

Mynaric AG operates in the communication equipment business sector. The company is engaged in the manufacture and sale of products and projects and the provision of services in the field of laser technology, in particular in the aerospace, telematics, and satellite services sectors. It operates in two segments: Air and Space. The space segment comprises CONDOR terminals, and the Air segment comprises HAWK terminal. The company's product portfolio consists of Optical ground stations, Air-to-ground terminals, Air-to-air terminals, Space terminals, and Custom products and subcomponents. Its applications consist of high-altitude networks, remote eye, satellite constellations, earth observation satellites, and others. Geographically, the majority is from the United States.

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