Next Re SIIQ SpA (MIL:NR) Effective Interest Rate on Debt % : 2.28% (As of Dec. 2023)

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What is Next Re SIIQ SpA 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. Next Re SIIQ SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €1.43 Mil. Next Re SIIQ SpA's average total debt for the quarter that ended in Dec. 2023 was €62.60 Mil. Therefore, Next Re SIIQ SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.28%.

Next Re SIIQ SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Next Re SIIQ SpA'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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Next Re SIIQ SpA Effective Interest Rate on Debt % Chart

Next Re SIIQ SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.93

3.33

2.23

2.43

2.29

Next Re SIIQ SpA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.06	2.02	2.85	2.40	2.28

Competitive Comparison of Next Re SIIQ SpA's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Next Re SIIQ SpA'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.

Next Re SIIQ SpA's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Next Re SIIQ SpA's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Next Re SIIQ SpA's Effective Interest Rate on Debt % falls into.

Next Re SIIQ SpA Effective Interest Rate on Debt % Calculation

Next Re SIIQ SpA'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 * -1.5	/	( (68.232	+	62.823)	/ 2 )
=	-1 * -1.5	/	65.5275
=	2.29 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.663	+	1.569
=	68.232

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.334	+	0.489
=	62.823

Next Re SIIQ SpA'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 * -1.43	/	( (62.37	+	62.823)	/ 2 )
=	-1 * -1.43	/	62.5965
=	2.28 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.888	+	0.482
=	62.37

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62.334	+	0.489
=	62.823

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.

Next Re SIIQ SpA (MIL:NR) Effective Interest Rate on Debt % Explanation

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

Next Re SIIQ SpA Effective Interest Rate on Debt % Related Terms

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Next Re SIIQ SpA (MIL:NR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Next Re SIIQ SpA (MIL:NR) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Via Zara, no. 28, Rome, ITA, 00198

Website

https://www.nextresiiq.it

Next Re SIIQ SpA is a real estate company. It is focused on investment in and enhancement of high-quality real estate rental assets located in the main Italian cities and diversified by office and retail segments. The company y manages a portfolio consisting of office, hotel, and commercial properties and is focused on asset classes that are aimed to meet the needs of new patterns and styles of real estate use, which reflect the economy and society's characteristics of access, utility, and experience. The categories engaged to look at Life-cycle Living & Hospitality, Leisure & Wellness, Smart Office Space, and Omnichannel Retail & Distribution.