Mercedes-Benz Group AG (Mercedes-Benz Group AG) Effective Interest Rate on Debt % : 2.30% (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is Mercedes-Benz Group AG 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. Mercedes-Benz Group AG's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2,142 Mil. Mercedes-Benz Group AG's average total debt for the quarter that ended in Dec. 2023 was $93,245 Mil. Therefore, Mercedes-Benz Group AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.30%.

Mercedes-Benz Group AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG Effective Interest Rate on Debt % Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

0.68

0.30

0.39

0.46

0.82

Mercedes-Benz Group AG 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															0.61	0.90	0.29	0.24	2.30

Competitive Comparison of Mercedes-Benz Group AG's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mercedes-Benz Group AG's Effective Interest Rate on Debt % falls into.

Mercedes-Benz Group AG Effective Interest Rate on Debt % Calculation

Mercedes-Benz Group AG'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 * -753.544	/	( (89421.61	+	95103.598)	/ 2 )
=	-1 * -753.544	/	92262.604
=	0.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54650.424	+	34771.186
=	89421.61

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60079.607	+	35023.991
=	95103.598

Mercedes-Benz Group AG'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 * -2141.768	/	( (91386.339	+	95103.598)	/ 2 )
=	-1 * -2141.768	/	93244.9685
=	2.30 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57394.877	+	33991.462
=	91386.339

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60079.607	+	35023.991
=	95103.598

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.

Mercedes-Benz Group AG (OTCPK:MBGAF) Effective Interest Rate on Debt % Explanation

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

Mercedes-Benz Group AG Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Mercedes-Benz Group AG's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercedes-Benz Group AG (Mercedes-Benz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (OTCPK:MBGAF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MBGYY:USA DAI:Romania MBG:Mexico DAIMLER:Hungary MBGd:UK 0NXX:UK MBG:Germany MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Based in Stuttgart, Germany, Mercedes-Benz Group makes premium and luxury passenger vehicles and commercial vans. Brands include Mercedes-Benz, AMG, and Maybach. Mercedes-Benz Mobility provides the company's dealers and its customers with vehicle financing as well as mobility services in ride hailing, car sharing, and charging. Mercedes owns 9.74% of Aston Martin and 9.55% of Beijing Automotive Group. Through Tenaciou3 Prospect Investment, Li Shufu, chair of Chinese automaker Geely, owns 9.69% of Mercedes-Benz. Other major shareholders include Beijing Automotive Group at 9.98% and Kuwait Investment Authority at 4.9% (6.8% before the sale of a 1.9% stake in March 2023).

Executives