Racing Force SpA (XPAR:ALRFG) Effective Interest Rate on Debt % : 1.38% (As of Dec. 2023)

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What is Racing Force 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. Racing Force SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.18 Mil. Racing Force SpA's average total debt for the quarter that ended in Dec. 2023 was €13.35 Mil. Therefore, Racing Force SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.38%.

Racing Force SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Racing Force 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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Racing Force SpA Effective Interest Rate on Debt % Chart

Racing Force SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.37

2.48

2.52

2.54

Racing Force SpA Quarterly Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			5.28	4.30	5.85	9.20	1.38

Competitive Comparison of Racing Force SpA's Effective Interest Rate on Debt %

For the Leisure subindustry, Racing Force 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.

Racing Force SpA's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Racing Force SpA's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Racing Force SpA's Effective Interest Rate on Debt % falls into.

Racing Force SpA Effective Interest Rate on Debt % Calculation

Racing Force 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 * -0.398	/	( (17.594	+	13.696)	/ 2 )
=	-1 * -0.398	/	15.645
=	2.54 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.197	+	6.397
=	17.594

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.154	+	4.542
=	13.696

Racing Force 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 * -0.184	/	( (13.01	+	13.696)	/ 2 )
=	-1 * -0.184	/	13.353
=	1.38 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.639	+	3.371
=	13.01

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.154	+	4.542
=	13.696

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Racing Force SpA (XPAR:ALRFG) Effective Interest Rate on Debt % Explanation

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

Racing Force SpA Effective Interest Rate on Debt % Related Terms

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Racing Force SpA (XPAR:ALRFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Racing Force SpA (XPAR:ALRFG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RFG:Italy

Address

via Bazzano 5, Ronco Scrivia, Genoa, ITA, 16019

Website

https://www.racingforce.com

Racing Force SpA is engaged in the field of design and manufacture of motorsport safety products. Its product range spans from suits, gloves, shoes, seats, harnesses, helmets, rollbars, racing nets, steering wheels, fire extinguisher systems, and intercoms, to other accessories strictly related to the motorsport industry.

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