Electroarges (BSE:ELGS) Effective Interest Rate on Debt % : 6.85% (As of Sep. 2023)

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What is Electroarges 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. Electroarges's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was lei1.24 Mil. Electroarges's average total debt for the quarter that ended in Sep. 2023 was lei18.16 Mil. Therefore, Electroarges's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.85%.

Electroarges Effective Interest Rate on Debt % Historical Data

The historical data trend for Electroarges'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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Electroarges Effective Interest Rate on Debt % Chart

Electroarges Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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30.37

3.02

2.77

2.42

4.13

Electroarges Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.58	-6.25	5.32	6.48	6.85

Competitive Comparison of Electroarges's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Electroarges'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.

Electroarges's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Electroarges's Effective Interest Rate on Debt % distribution charts can be found below:

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

Electroarges Effective Interest Rate on Debt % Calculation

Electroarges'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 * -1.038	/	( (26.522	+	23.763)	/ 2 )
=	-1 * -1.038	/	25.1425
=	4.13 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.833	+	11.689
=	26.522

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.3	+	11.463
=	23.763

Electroarges'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 * -1.244	/	( (17.87	+	18.452)	/ 2 )
=	-1 * -1.244	/	18.161
=	6.85 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.936	+	8.934
=	17.87

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.016	+	11.436
=	18.452

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.

Electroarges (BSE:ELGS) Effective Interest Rate on Debt % Explanation

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

Electroarges Effective Interest Rate on Debt % Related Terms

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Electroarges (BSE:ELGS) Business Description

Industry

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Address

Strada Albesti No. 12, Judetul Arges, Curtea de Arges, ROU, 115300

Website

http://www.electroarges.ro

Electroarges SA manufactures electric domestic appliances. It produced and sale of consumer electrotechnical goods, portable electrical tools, execution of works, and provision of services. The products are used in household items and professional items for hotels and industrial purposes. Its products include dust and liquids vacuum cleaner, electric fan heater, EGG incubator and others.

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