Altinayvunma Teknolojileri AS (IST:ALTNY) Effective Interest Rate on Debt % : 22.28% (As of Dec. 2024)

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What is Altinayvunma Teknolojileri AS 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. Altinayvunma Teknolojileri AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ₺151 Mil. Altinayvunma Teknolojileri AS's average total debt for the quarter that ended in Dec. 2024 was ₺676 Mil. Therefore, Altinayvunma Teknolojileri AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 22.28%.

Altinayvunma Teknolojileri AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Altinayvunma Teknolojileri AS'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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Altinayvunma Teknolojileri AS Effective Interest Rate on Debt % Chart

Altinayvunma Teknolojileri AS Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

4.89

5.89

10.96

19.84

Altinayvunma Teknolojileri AS Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	8.28	27.67	15.21	22.28

Competitive Comparison of Altinayvunma Teknolojileri AS's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Altinayvunma Teknolojileri AS'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.

Altinayvunma Teknolojileri AS's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Altinayvunma Teknolojileri AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Altinayvunma Teknolojileri AS Effective Interest Rate on Debt % Calculation

Altinayvunma Teknolojileri AS'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 * -115.375	/	( (409.194	+	754.14)	/ 2 )
=	-1 * -115.375	/	581.667
=	19.84 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	210.221	+	198.973
=	409.194

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	212.209	+	541.931
=	754.14

Altinayvunma Teknolojileri AS'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 * -150.532	/	( (596.982	+	754.14)	/ 2 )
=	-1 * -150.532	/	675.561
=	22.28 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	226.137	+	370.845
=	596.982

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	212.209	+	541.931
=	754.14

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.

Altinayvunma Teknolojileri AS (IST:ALTNY) Effective Interest Rate on Debt % Explanation

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

Altinayvunma Teknolojileri AS Effective Interest Rate on Debt % Related Terms

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Altinayvunma Teknolojileri AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Altinay Savunma Teknolojileri AS (IST:ALTNY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Sanayi Mah. Teknopark Bulvari, No: 1, 7C Pendik, Istanbul, TUR

Website

https://www.altinaysavunma.com

Altinay Savunma Teknolojileri AS is a company which has has been providing products and solutions in the fields of Motion Control Systems, Unmanned Systems, Stealth Systems, Weapon Systems, Ammunition Destruction, and Production Systems to various stakeholders in the government, private sector, and international markets.

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