Panamax Aktiengesellschaft (FRA:ICP) Effective Interest Rate on Debt % : 4.73% (As of Dec. 2023)

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What is Panamax Aktiengesellschaft 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. Panamax Aktiengesellschaft's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.01 Mil. Panamax Aktiengesellschaft's average total debt for the quarter that ended in Dec. 2023 was €0.21 Mil. Therefore, Panamax Aktiengesellschaft's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.73%.

Panamax Aktiengesellschaft Effective Interest Rate on Debt % Historical Data

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

Panamax Aktiengesellschaft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.09

4.58

5.62

Panamax Aktiengesellschaft Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	6.32	4.79	4.99	4.73

Competitive Comparison of Panamax Aktiengesellschaft's Effective Interest Rate on Debt %

For the Asset Management subindustry, Panamax Aktiengesellschaft'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.

Panamax Aktiengesellschaft's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Panamax Aktiengesellschaft's Effective Interest Rate on Debt % distribution charts can be found below:

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

Panamax Aktiengesellschaft Effective Interest Rate on Debt % Calculation

Panamax Aktiengesellschaft'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 * -0.01	/	( (0.167	+	0.189)	/ 2 )
=	-1 * -0.01	/	0.178
=	5.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.167
=	0.167

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.189
=	0.189

Panamax Aktiengesellschaft'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.01	/	( (0.234	+	0.189)	/ 2 )
=	-1 * -0.01	/	0.2115
=	4.73 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.234
=	0.234

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.189
=	0.189

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

Panamax Aktiengesellschaft (FRA:ICP) Effective Interest Rate on Debt % Explanation

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

Panamax Aktiengesellschaft Effective Interest Rate on Debt % Related Terms

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Panamax Aktiengesellschaft (FRA:ICP) Business Description

Industry

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Traded in Other Exchanges

ICP:Germany

Address

Strasse 10, Muenchener, Frankfurt am Main, Frankfurt, HE, DEU, 60329

Website

https://www.panamax.ag

Panamax Aktiengesellschaft is a Germany-based investment company. It focuses on investing in various sectors, such as environmental technology, financial services, IT, e-business, health products, as well as services and products for small children and babies. The corporate purpose of Panamax Aktiengesellschaft is the formation of corporations and partnerships as well as the acquisition, management, and sale of investments in corporations and partnerships, exclusively in its own name and with its own assets and the provision of management services, in particular accounting, controlling, non-regulatory financing services and marketing.