Outokumpu Oyj (OHEL:OUT1V) Effective Interest Rate on Debt % : 15.65% (As of Mar. 2024)

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What is Outokumpu Oyj 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. Outokumpu Oyj's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €64 Mil. Outokumpu Oyj's average total debt for the quarter that ended in Mar. 2024 was €409 Mil. Therefore, Outokumpu Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.65%.

Outokumpu Oyj Effective Interest Rate on Debt % Historical Data

The historical data trend for Outokumpu Oyj'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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Outokumpu Oyj Effective Interest Rate on Debt % Chart

Outokumpu Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.16

5.20

5.78

6.39

11.85

Outokumpu Oyj 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															10.70	13.53	15.09	14.00	15.65

Competitive Comparison of Outokumpu Oyj's Effective Interest Rate on Debt %

For the Steel subindustry, Outokumpu Oyj'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.

Outokumpu Oyj's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Outokumpu Oyj's Effective Interest Rate on Debt % distribution charts can be found below:

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

Outokumpu Oyj Effective Interest Rate on Debt % Calculation

Outokumpu Oyj'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 * -58	/	( (575	+	404)	/ 2 )
=	-1 * -58	/	489.5
=	11.85 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	491	+	84
=	575

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	359	+	45
=	404

Outokumpu Oyj'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 * -64	/	( (404	+	414)	/ 2 )
=	-1 * -64	/	409
=	15.65 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	359	+	45
=	404

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	366	+	48
=	414

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.

Outokumpu Oyj (OHEL:OUT1V) Effective Interest Rate on Debt % Explanation

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

Outokumpu Oyj Effective Interest Rate on Debt % Related Terms

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Outokumpu Oyj (OHEL:OUT1V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Outokumpu Oyj (OHEL:OUT1V) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

OUTKY:USA OUTFF:USA OUT1Vh:UK 0FJ8:UK OUTA:Germany

Address

Salmisaarenranta 11, Helsinki, FIN, FI-00180

Website

https://www.outokumpu.com

Outokumpu Oyj is a steel and alloys maker. Its business is divided into four business areas which are Europe, Americas, Long Products and Ferrochrome. Europe consists of both coil and plate operations in Europe. The high-volume and tailored standard stainless-steel grades are primarily used for example in architecture, building and construction, chemical, petrochemical and energy sectors, as well as other process industries. Americas produces standard austenitic and ferritic grades as well as tailored products. Long Products are used in a wide range of applications such as springs, wires, and surgical equipment and Ferrochrome produces charge grade of ferrochrome.

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