Boafra Sementes (BSP:SOJA3) Effective Interest Rate on Debt % : 9.04% (As of Dec. 2023)

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What is Boafra Sementes 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. Boafra Sementes's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R$60 Mil. Boafra Sementes's average total debt for the quarter that ended in Dec. 2023 was R$664 Mil. Therefore, Boafra Sementes's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.04%.

Boafra Sementes Effective Interest Rate on Debt % Historical Data

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

Boafra Sementes Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.61

9.67

13.79

7.45

8.70

Boafra Sementes Quarterly Data
	Dec18	Dec19	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												7.20	9.97	9.98	6.38	9.04

Competitive Comparison of Boafra Sementes's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Boafra Sementes'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.

Boafra Sementes's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Boafra Sementes's Effective Interest Rate on Debt % distribution charts can be found below:

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

Boafra Sementes Effective Interest Rate on Debt % Calculation

Boafra Sementes'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 * -50.742	/	( (561.058	+	604.872)	/ 2 )
=	-1 * -50.742	/	582.965
=	8.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	461.883	+	99.175
=	561.058

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	560.257	+	44.615
=	604.872

Boafra Sementes'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 * -60.08	/	( (723.723	+	604.872)	/ 2 )
=	-1 * -60.08	/	664.2975
=	9.04 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	461.609	+	262.114
=	723.723

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	560.257	+	44.615
=	604.872

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.

Boafra Sementes (BSP:SOJA3) Effective Interest Rate on Debt % Explanation

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

Boafra Sementes Effective Interest Rate on Debt % Related Terms

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Boafra Sementes (BSP:SOJA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Boa Safra Sementes SA (BSP:SOJA3) » Definitions » Effective Interest Rate on Debt %

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Address

Avenue Circular no.211 - A, 1 Setor Industrial, Formosa, GO, BRA, 73813-170

Website

https://boasafrasementes.com.br

Boa Safra Sementes SA is engaged in the production of soybean seeds in Brazil. With the production of certified seeds in partnership with the largest technology providers, it offers treatments with various chemical and genetic components adapted to ensure high rates of germination and vigor. Its complete portfolio of quality soy seeds also includes corn and bean seeds.

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