Kordsa Teknik Tekstil AS (IST:KORDS) Effective Interest Rate on Debt % : 11.78% (As of Mar. 2024)

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What is Kordsa Teknik Tekstil AS 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. Kordsa Teknik Tekstil AS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₺1,588 Mil. Kordsa Teknik Tekstil AS's average total debt for the quarter that ended in Mar. 2024 was ₺13,483 Mil. Therefore, Kordsa Teknik Tekstil AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.78%.

Kordsa Teknik Tekstil AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Kordsa Teknik Tekstil AS'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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Kordsa Teknik Tekstil AS Effective Interest Rate on Debt % Chart

Kordsa Teknik Tekstil AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.52

5.79

4.32

5.84

9.96

Kordsa Teknik Tekstil AS 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															7.20	7.97	13.17	9.52	11.78

Competitive Comparison of Kordsa Teknik Tekstil AS's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Kordsa Teknik Tekstil AS'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.

Kordsa Teknik Tekstil AS's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kordsa Teknik Tekstil AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kordsa Teknik Tekstil AS's Effective Interest Rate on Debt % falls into.

Kordsa Teknik Tekstil AS Effective Interest Rate on Debt % Calculation

Kordsa Teknik Tekstil AS'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 * -1048.541	/	( (8444.582	+	12616.277)	/ 2 )
=	-1 * -1048.541	/	10530.4295
=	9.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3587.218	+	4857.364
=	8444.582

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5120.942	+	7495.335
=	12616.277

Kordsa Teknik Tekstil AS'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 * -1588.332	/	( (12616.277	+	14350.593)	/ 2 )
=	-1 * -1588.332	/	13483.435
=	11.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5120.942	+	7495.335
=	12616.277

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7628.007	+	6722.586
=	14350.593

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.

Kordsa Teknik Tekstil AS (IST:KORDS) Effective Interest Rate on Debt % Explanation

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

Kordsa Teknik Tekstil AS Effective Interest Rate on Debt % Related Terms

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Kordsa Teknik Tekstil AS (IST:KORDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kordsa Teknik Tekstil AS (IST:KORDS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Alikahya Fatih Mahallesi Sanayici Caddesi No. 90, Izmit, Kocaeli, TUR, 41310

Website

https://www.kordsa.com

Kordsa Teknik Tekstil AS is a Turkey-based company tire reinforcement company, engaged in the manufacturing of nylon and polyester yarn, cord fabric and single-end cord products. It benefits the tire reinforcement and mechanical rubber market. The company offers carcass and industrial fabrics that are used in the structure of vehicle tires, and rubber and plastic materials, such as transmission belts, V belts, rubber hoses etc. Business is functioned through North America, South America, Asia, Europe, the Middle East, and Africa of which it derives a majority of revenue from North America.

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