Azelis Group NV (Azelis Group NV) Effective Interest Rate on Debt % : 6.09% (As of Dec. 2023)

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What is Azelis Group NV 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. Azelis Group NV's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $120 Mil. Azelis Group NV's average total debt for the quarter that ended in Dec. 2023 was $1,974 Mil. Therefore, Azelis Group NV's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.09%.

Azelis Group NV Effective Interest Rate on Debt % Historical Data

The historical data trend for Azelis Group NV'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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Azelis Group NV Effective Interest Rate on Debt % Chart

Azelis Group NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.31

4.87

4.15

3.04

6.14

Azelis Group NV Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				3.20	2.26	3.47	5.18	6.09

Competitive Comparison of Azelis Group NV's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Azelis Group NV'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.

Azelis Group NV's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Azelis Group NV's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Azelis Group NV's Effective Interest Rate on Debt % falls into.

Azelis Group NV Effective Interest Rate on Debt % Calculation

Azelis Group NV'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 * -106.18	/	( (1520.855	+	1936.857)	/ 2 )
=	-1 * -106.18	/	1728.856
=	6.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1334.282	+	186.573
=	1520.855

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1800.415	+	136.442
=	1936.857

Azelis Group NV'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 * -120.246	/	( (2012.088	+	1936.857)	/ 2 )
=	-1 * -120.246	/	1974.4725
=	6.09 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1793.415	+	218.673
=	2012.088

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1800.415	+	136.442
=	1936.857

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

Azelis Group NV (OTCPK:AZLGF) Effective Interest Rate on Debt % Explanation

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

Azelis Group NV Effective Interest Rate on Debt % Related Terms

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Azelis Group NV (Azelis Group NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Azelis Group NV (OTCPK:AZLGF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AZEb:UK 2R7:Germany AZE:Belgium

Address

Posthofbrug 12, Box 6, Antwerp, BEL, B-2600

Website

https://www.azelis.com

Azelis Group NV is a innovation service provider for the specialty chemicals and food ingredients industry. The company has its business operating segments namely Life Sciences and Industrial chemicals. Geographically, the company has its presence in EMEA, Americas and Asia Pacific.

Azelis Group NV (Azelis Group NV) Headlines

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