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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Effective Interest Rate on Debt % : 4.69% (As of Mar. 2024)


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What is Motor Oil (Hellas) Corinth Refineries 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. Motor Oil (Hellas) Corinth Refineries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €134 Mil. Motor Oil (Hellas) Corinth Refineries's average total debt for the quarter that ended in Mar. 2024 was €2,844 Mil. Therefore, Motor Oil (Hellas) Corinth Refineries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.69%.


Motor Oil (Hellas) Corinth Refineries Effective Interest Rate on Debt % Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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.

Motor Oil (Hellas) Corinth Refineries Effective Interest Rate on Debt % Chart

Motor Oil (Hellas) Corinth Refineries Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.22 3.79 3.61 2.44 4.22

Motor Oil (Hellas) Corinth Refineries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.06 8.11 5.19 4.63 4.69

Competitive Comparison of Motor Oil (Hellas) Corinth Refineries's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.


Motor Oil (Hellas) Corinth Refineries's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's Effective Interest Rate on Debt % falls into.



Motor Oil (Hellas) Corinth Refineries Effective Interest Rate on Debt % Calculation

Motor Oil (Hellas) Corinth Refineries'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  *  -122.337/( (2962.398+2839.764)/ 2 )
=-1  *  -122.337/2901.081
=4.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2556.266 + 406.132
=2962.398

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2622.461 + 217.303
=2839.764

Motor Oil (Hellas) Corinth Refineries'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  *  -133.536/( (2839.764+2849.227)/ 2 )
=-1  *  -133.536/2844.4955
=4.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2622.461 + 217.303
=2839.764

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2574.708 + 274.519
=2849.227

* 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.

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.


Motor Oil (Hellas) Corinth Refineries  (LTS:0MQT) Effective Interest Rate on Debt % Explanation

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


Motor Oil (Hellas) Corinth Refineries Effective Interest Rate on Debt % Related Terms

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Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Business Description

Traded in Other Exchanges
Address
12A, Irodou Attikou Street, Maroussi, GRC, 151 24
Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

Motor Oil (Hellas) Corinth Refineries (LTS:0MQT) Headlines

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