Iochpe-Maxion (BSP:MYPK3) Effective Interest Rate on Debt % : 8.43% (As of Dec. 2024)

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What is Iochpe-Maxion 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. Iochpe-Maxion's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was R$531 Mil. Iochpe-Maxion's average total debt for the quarter that ended in Dec. 2024 was R$6,301 Mil. Therefore, Iochpe-Maxion's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 8.43%.

Iochpe-Maxion Effective Interest Rate on Debt % Historical Data

The historical data trend for Iochpe-Maxion'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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Iochpe-Maxion Effective Interest Rate on Debt % Chart

Iochpe-Maxion Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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5.00

5.50

8.80

9.26

8.44

Iochpe-Maxion Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.19	9.23	8.68	8.61	8.43

Competitive Comparison of Iochpe-Maxion's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Iochpe-Maxion'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.

Iochpe-Maxion's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iochpe-Maxion's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Iochpe-Maxion Effective Interest Rate on Debt % Calculation

Iochpe-Maxion's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -555.347	/	( (6765.533	+	6388.759)	/ 2 )
=	-1 * -555.347	/	6577.146
=	8.44 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5133.934	+	1631.599
=	6765.533

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5774.05	+	614.709
=	6388.759

Iochpe-Maxion's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -531.016	/	( (6214.162	+	6388.759)	/ 2 )
=	-1 * -531.016	/	6301.4605
=	8.43 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5144.601	+	1069.561
=	6214.162

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5774.05	+	614.709
=	6388.759

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Iochpe-Maxion (BSP:MYPK3) Effective Interest Rate on Debt % Explanation

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

Iochpe-Maxion Effective Interest Rate on Debt % Related Terms

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Iochpe-Maxion Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (BSP:MYPK3) » Definitions » Effective Interest Rate on Debt %

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IOCJY:USA

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA, 012730-900

Website

https://www.iochpe.com.br

Iochpe-Maxion SA is a Brazilian company principally involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The products produced and sold by the company and its subsidiaries are divided between the Maxion Wheels and Maxion Structural Components divisions. A majority of its revenue is generated from the sale of steel and aluminum wheels for light and commercial vehicles. Geographically, the group generates maximum revenue from its business in Europe, followed by North America, South America, Asia, and other regions.

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