Mangels Industrial (BSP:MGEL4) Effective Interest Rate on Debt % : 9.35% (As of Dec. 2023)

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What is Mangels Industrial 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. Mangels Industrial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R$60.1 Mil. Mangels Industrial's average total debt for the quarter that ended in Dec. 2023 was R$642.8 Mil. Therefore, Mangels Industrial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.35%.

Mangels Industrial Effective Interest Rate on Debt % Historical Data

The historical data trend for Mangels Industrial'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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Mangels Industrial Effective Interest Rate on Debt % Chart

Mangels Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.15

4.57

4.91

8.19

9.92

Mangels Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.98	9.74	10.17	10.69	9.35

Competitive Comparison of Mangels Industrial's Effective Interest Rate on Debt %

For the Steel subindustry, Mangels Industrial'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.

Mangels Industrial's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

Mangels Industrial Effective Interest Rate on Debt % Calculation

Mangels Industrial'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 * -65.11	/	( (696.505	+	615.769)	/ 2 )
=	-1 * -65.11	/	656.137
=	9.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	621.213	+	75.292
=	696.505

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	489.834	+	125.935
=	615.769

Mangels Industrial'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -60.1	/	( (669.761	+	615.769)	/ 2 )
=	-1 * -60.1	/	642.765
=	9.35 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	505.61	+	164.151
=	669.761

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	489.834	+	125.935
=	615.769

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.

Mangels Industrial (BSP:MGEL4) Effective Interest Rate on Debt % Explanation

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

Mangels Industrial Effective Interest Rate on Debt % Related Terms

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Mangels Industrial (BSP:MGEL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangels Industrial SA (BSP:MGEL4) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Rua Verbo Divino 1488, 6º andar, Cj.61A e 64D, Chácara Santo, Antonio, Sao Paulo, SP, BRA, 04719904

Website

http://www.mangels.com.br

Mangels Industrial SA produces, markets, sells and distributes steel and related products. It operates in four segments, Steel, Wheel, Cylinder and Galvanizing. It supplies wheels to the car industry, motorcycles, trucks, buses, appliances, and gas companies; liquefied petroleum gas cylinders; air tanks for heavy vehicles, agricultural machinery, and air compressors; rear axles for light vehicles; and rolls, blanks, and sheets of low carbon and high strength steel for use in motorcycles, electronics and accessories, and hardware components.

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