Wizz Air Holdings (Wizz Air Holdings) Effective Interest Rate on Debt % : 3.85% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Wizz Air Holdings 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. Wizz Air Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $219 Mil. Wizz Air Holdings's average total debt for the quarter that ended in Dec. 2023 was $5,676 Mil. Therefore, Wizz Air Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.85%.

Wizz Air Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Wizz Air Holdings'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.

Wizz Air Holdings Effective Interest Rate on Debt % Chart

Wizz Air Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.50

4.67

3.12

2.43

2.88

Wizz Air Holdings Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.61	2.63	3.27	2.81	3.85

Competitive Comparison of Wizz Air Holdings's Effective Interest Rate on Debt %

For the Airlines subindustry, Wizz Air Holdings'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.

Wizz Air Holdings's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Wizz Air Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Wizz Air Holdings's Effective Interest Rate on Debt % falls into.

Wizz Air Holdings Effective Interest Rate on Debt % Calculation

Wizz Air Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -144.754	/	( (4366.519	+	5676.125)	/ 2 )
=	-1 * -144.754	/	5021.322
=	2.88 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3911.233	+	455.286
=	4366.519

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4310.707	+	1365.418
=	5676.125

Wizz Air Holdings'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: Mar. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -218.54	/	( (5676.125	+	0)	/ 1 )
=	-1 * -218.54	/	5676.125
=	3.85 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4310.707	+	1365.418
=	5676.125

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Wizz Air Holdings (OTCPK:WZZAF) Effective Interest Rate on Debt % Explanation

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

Wizz Air Holdings Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Wizz Air Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Wizz Air Holdings (Wizz Air Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wizz Air Holdings PLC (OTCPK:WZZAF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WZZZY:USA WIZZAIR:Hungary WIZZl:UK WIZZ:UK WI2:Germany

Address

44 The Esplanade, Saint Helier, JEY, JE4 9WG

Website

https://www.wizzair.com

Wizz Air Holdings PLC is one of the fastest-growing airlines in Europe focusing on the Central and Eastern European region. The company employs a low-cost no-frills model to offer low fares to leisure customers on short-haul routes. Geographically, it derives a majority of its revenue from EU regions.