Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Effective Interest Rate on Debt % : 24.44% (As of Sep. 2023)

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What is Cementos Argos S.A. 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. Cementos Argos S.A.'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was COP857,976.00 Mil. Cementos Argos S.A.'s average total debt for the quarter that ended in Sep. 2023 was COP3,510,557.00 Mil. Therefore, Cementos Argos S.A.'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 24.44%.

Cementos Argos S.A. Effective Interest Rate on Debt % Historical Data

The historical data trend for Cementos Argos S.A.'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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Cementos Argos S.A. Effective Interest Rate on Debt % Chart

Cementos Argos S.A. Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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5.79

6.56

6.13

5.53

7.93

Cementos Argos S.A. Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.79	12.45	8.57	14.59	24.44

Competitive Comparison of Cementos Argos S.A.'s Effective Interest Rate on Debt %

For the Building Materials subindustry, Cementos Argos S.A.'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.

Cementos Argos S.A.'s Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cementos Argos S.A.'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cementos Argos S.A.'s Effective Interest Rate on Debt % falls into.

Cementos Argos S.A. Effective Interest Rate on Debt % Calculation

Cementos Argos S.A.'s annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -603849	/	( (7012722	+	8207186)	/ 2 )
=	-1 * -603849	/	7609954
=	7.93 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5099135	+	1913587
=	7012722

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6423960	+	1783226
=	8207186

Cementos Argos S.A.'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -857976	/	( (3569572	+	3451542)	/ 2 )
=	-1 * -857976	/	3510557
=	24.44 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3196245	+	373327
=	3569572

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2980994	+	470548
=	3451542

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

Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Effective Interest Rate on Debt % Explanation

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

Cementos Argos S.A. Effective Interest Rate on Debt % Related Terms

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Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cementos Argos S.A. (BOG:PFCEMARGOS.PFD) » Definitions » Effective Interest Rate on Debt %

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CMTOY:USA CEMARGOS:Columbia

Address

Carrera 53 No. 106 - 280, Centro Empresarial Buenavista, Piso 17, Barranquilla, COL

Website

https://www.argos.co

Cementos Argos S.A. is a cement producing company. In terms of the concrete business it is Colombia's leading producer and the second-largest producer in the United States. The company's corporate purpose is the exploitation of the cement industry, the production of concrete mixes and any other materials or items made of cement, lime or clay, the acquisition and exploitation of minerals or deposits of exploitable minerals in the cement industry and similar rights to explore and mine the aforementioned minerals, whether by concession, privilege, lease or other title.

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