Zignago Vetro SpA (FRA:ZVB) Effective Interest Rate on Debt % : 3.31% (As of Mar. 2024)

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What is Zignago Vetro SpA 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. Zignago Vetro SpA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €8.5 Mil. Zignago Vetro SpA's average total debt for the quarter that ended in Mar. 2024 was €257.8 Mil. Therefore, Zignago Vetro SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.31%.

Zignago Vetro SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Zignago Vetro SpA'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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Zignago Vetro SpA Effective Interest Rate on Debt % Chart

Zignago Vetro SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.50

0.48

0.29

0.39

3.41

Zignago Vetro SpA 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															2.77	0.51	3.44	4.17	3.31

Competitive Comparison of Zignago Vetro SpA's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Zignago Vetro SpA'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.

Zignago Vetro SpA's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Zignago Vetro SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Zignago Vetro SpA Effective Interest Rate on Debt % Calculation

Zignago Vetro SpA'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 * -10.292	/	( (336.785	+	267.082)	/ 2 )
=	-1 * -10.292	/	301.9335
=	3.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	226.324	+	110.461
=	336.785

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	158.382	+	108.7
=	267.082

Zignago Vetro SpA'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 * -8.524	/	( (267.082	+	248.582)	/ 2 )
=	-1 * -8.524	/	257.832
=	3.31 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	158.382	+	108.7
=	267.082

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	141.937	+	106.645
=	248.582

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.

Zignago Vetro SpA (FRA:ZVB) Effective Interest Rate on Debt % Explanation

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

Zignago Vetro SpA Effective Interest Rate on Debt % Related Terms

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Zignago Vetro SpA (FRA:ZVB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Zignago Vetro SpA (FRA:ZVB) » Definitions » Effective Interest Rate on Debt %

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ZV:Italy

Address

Via Ita Marzotto 8, Fossalta di Portogruaro, Venice, ITA, 30025

Website

https://www.zignagovetro.com

Zignago Vetro SpA operates in the glass production sector. It manufactures hollow glass containers for Food and Beverages and Cosmetics and Perfumery sectors. The business of the group is carried in various geographical locations such as Italy, European Union, North America and other areas. The business activities of the group are divided into Zignago Vetro SpA: carries the production activity of containers for both sectors, Zignago Vetro Brosse SAS: looks into the production of glass containers for perfumes; Zignago Vetro Polska SA: which undertakes the production of customized products for cosmetic and perfumery containers and also for food and beverage niche markets.

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