Mig Holdings (ATH:MIG) Effective Interest Rate on Debt %: 3.72% (As of Jun. 2024)

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ATH:MIG Mig Holdings SA ATH:MIG
33 GF Score
Price €3.19
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What is Mig Holdings Effective Interest Rate on Debt %?

Mig Holdings ATH:MIG -0.31% 33 Effective Interest Rate on Debt % is 3.72% as of Jun. 2024. GuruFocus rates ATH:MIG with a GF Score™ of 33/100.

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. Mig Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €3.31 Mil. Mig Holdings's average total debt for the quarter that ended in Jun. 2024 was €89.20 Mil. Therefore, Mig Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.72%.

Mig Holdings  (ATH:MIG) Effective Interest Rate on Debt % Explanation

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

Mig Holdings Effective Interest Rate on Debt % Related Terms

Mig Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Mig 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.

Mig Holdings Effective Interest Rate on Debt % Chart

Mig Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.92 3.26 2.11 3.30 4.27

Mig Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.19 3.70 7.33 4.07 3.72

ATH:MIG vs CBRE, CSGP, BEKE: Effective Interest Rate on Debt % Comparison

For the Real Estate Services subindustry, Mig 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.

Mig Holdings Effective Interest Rate on Debt % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mig Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


ATH:MIG
33GF Score
Mig Holdings SA ATH:MIG
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Mig Holdings Effective Interest Rate on Debt % Calculation

Mig Holdings'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  *  -13.233/( (528.367+92.095)/ 2 )
=-1  *  -13.233/310.231
=4.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=526.065 + 2.302
=528.367

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.856 + 0.239
=92.095

Mig Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -3.314/( (92.095+86.302)/ 2 )
=-1  *  -3.314/89.1985
=3.72 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=91.856 + 0.239
=92.095

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.169 + 0.133
=86.302

* 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.

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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 3.72% mean?
Mig Holdings (ATH:MIG) has a Effective Interest Rate on Debt % of 3.72% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Mig Holdings and its competitors.
Is Mig Holdings' Effective Interest Rate on Debt % too high?
Mig Holdings' current Effective Interest Rate on Debt % is 3.72%. Overall, Mig Holdings has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Mig Holdings' Effective Interest Rate on Debt % compare to CBRE and CSGP?
Mig Holdings' Effective Interest Rate on Debt % of 3.72% can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Real Estate company?
A good Effective Interest Rate on Debt % depends on the Real Estate industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Mig Holdings and its competitors. Mig Holdings's current Effective Interest Rate on Debt % is 3.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mig Holdings stock overvalued right now?
Mig Holdings (ATH:MIG) has a current Effective Interest Rate on Debt % of 3.72%. The current Effective Interest Rate on Debt % is 3.72%. Mig Holdings' overall GF Score™ is 33/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Mig Holdings (ATH:MIG), the current Effective Interest Rate on Debt % is 3.72% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Mig Holdings Business Description

Address El. Venizelou 10, Athens, GRC, 106 71
Mig Holdings SA is an investment holding company. Through its subsidiaries, the company operates its business in various segments which include Financial Services, Real Estate, and Others. The majority of the company's revenues are generated through the Real Estate segment. This activity consists of the purchase of real estate and exercising ownership of that real estate. Geographically, it operates in Greece, European Countries, and Other countries, out of which the majority is from European countries.
33GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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