AptarGroup (FRA:AGT) Effective Interest Rate on Debt % : 3.48% (As of Mar. 2024)

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What is AptarGroup 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. AptarGroup's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €37 Mil. AptarGroup's average total debt for the quarter that ended in Mar. 2024 was €1,076 Mil. Therefore, AptarGroup's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.48%.

AptarGroup Effective Interest Rate on Debt % Historical Data

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

AptarGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.83

2.56

2.54

3.42

3.31

AptarGroup Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.32	3.08	3.25	3.47	3.48

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

For the Medical Instruments & Supplies subindustry, AptarGroup'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.

AptarGroup's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AptarGroup's Effective Interest Rate on Debt % distribution charts can be found below:

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

AptarGroup Effective Interest Rate on Debt % Calculation

AptarGroup'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 * -37.063	/	( (1150.109	+	1086.347)	/ 2 )
=	-1 * -37.063	/	1118.228
=	3.31 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1034.194	+	115.915
=	1150.109

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	666.159	+	420.188
=	1086.347

AptarGroup's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -37.444	/	( (1086.347	+	1066.57)	/ 2 )
=	-1 * -37.444	/	1076.4585
=	3.48 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	666.159	+	420.188
=	1086.347

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	666.04	+	400.53
=	1066.57

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

AptarGroup (FRA:AGT) Effective Interest Rate on Debt % Explanation

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

AptarGroup Effective Interest Rate on Debt % Related Terms

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AptarGroup (FRA:AGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AptarGroup Inc (FRA:AGT) » Definitions » Effective Interest Rate on Debt %

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ATR:USA AGT:Germany

Address

265 Exchange Drive, Suite 301, Crystal Lake, IL, USA, 60014

Website

https://www.aptar.com

Headquartered in Crystal Lake, Illinois, AptarGroup is a leading global supplier of dispensing systems such as aerosol valves, pumps, and closures to the consumer goods and pharmaceutical markets. With the bulk of its annual net sales coming from Europe (50% of sales) and the United States (33%), Aptar aims to increase its presence in Asia (10%) and Latin America (7%). Aptar's pharmaceutical division generates roughly one third of group sales but over two thirds of group profits.