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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Effective Interest Rate on Debt % : 5.43% (As of Dec. 2023)


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What is Mitre Realty Empreendimentos E Participacoes 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. Mitre Realty Empreendimentos E Participacoes's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R$35.1 Mil. Mitre Realty Empreendimentos E Participacoes's average total debt for the quarter that ended in Dec. 2023 was R$646.7 Mil. Therefore, Mitre Realty Empreendimentos E Participacoes's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.43%.


Mitre Realty Empreendimentos E Participacoes Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitre Realty Empreendimentos E Participacoes'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.

Mitre Realty Empreendimentos E Participacoes Effective Interest Rate on Debt % Chart

Mitre Realty Empreendimentos E Participacoes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 4.37 4.47 31.21 0.09 2.66

Mitre Realty Empreendimentos E Participacoes Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.10 0.09 3.87 0.82 5.43

Competitive Comparison of Mitre Realty Empreendimentos E Participacoes's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Mitre Realty Empreendimentos E Participacoes'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.


Mitre Realty Empreendimentos E Participacoes's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitre Realty Empreendimentos E Participacoes's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mitre Realty Empreendimentos E Participacoes's Effective Interest Rate on Debt % falls into.



Mitre Realty Empreendimentos E Participacoes Effective Interest Rate on Debt % Calculation

Mitre Realty Empreendimentos E Participacoes'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  *  -15.594/( (509.035+664.938)/ 2 )
=-1  *  -15.594/586.9865
=2.66 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=322.731 + 186.304
=509.035

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.862 + 308.076
=664.938

Mitre Realty Empreendimentos E Participacoes'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -35.14/( (628.464+664.938)/ 2 )
=-1  *  -35.14/646.701
=5.43 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=333.307 + 295.157
=628.464

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=356.862 + 308.076
=664.938

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


Mitre Realty Empreendimentos E Participacoes  (BSP:MTRE3) Effective Interest Rate on Debt % Explanation

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


Mitre Realty Empreendimentos E Participacoes Effective Interest Rate on Debt % Related Terms

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Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Business Description

Traded in Other Exchanges
N/A
Address
Rua Boa Vista 176, 1.subsolo, Sao Paulo, SP, BRA, 1013001
Mitre Realty Empreendimentos E Participacoes SA is a real estate developer and builder. The company builds residential and commercial real estate properties. Its property portfolio includes Haus Miter Perdizes, Roots Freguesia do O, Haus Miter Alto Butanta, Haus Miter Pinheiros, Roots Vila Prudente, Haus Miter Brooklin, Guilhermina Esperanca Roots, Haus Miter Butanta, Haus Miter Vl. Mariana, MaxMiter, Les Champs, Vila Matilde Roots, and Livepark.

Mitre Realty Empreendimentos E Participacoes (BSP:MTRE3) Headlines

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