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Borlease Otomotiv AS (IST:BORLS) Effective Interest Rate on Debt % : 34.50% (As of Sep. 2023)


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What is Borlease Otomotiv 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. Borlease Otomotiv AS's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₺663 Mil. Borlease Otomotiv AS's average total debt for the quarter that ended in Sep. 2023 was ₺1,922 Mil. Therefore, Borlease Otomotiv AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 34.50%.

Borlease Otomotiv AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Borlease Otomotiv 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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Borlease Otomotiv AS Effective Interest Rate on Debt % Chart

Borlease Otomotiv AS Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
13.95 24.12 29.83

Borlease Otomotiv AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 37.43 - 34.50

Competitive Comparison of Borlease Otomotiv AS's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Borlease Otomotiv 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.

Borlease Otomotiv AS's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Borlease Otomotiv AS's Effective Interest Rate on Debt % distribution charts can be found below:

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


Borlease Otomotiv AS Effective Interest Rate on Debt % Calculation

Borlease Otomotiv AS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -340.953/( (918.055+1368.125)/ 2 )
=-1  *  -340.953/1143.09
=29.83 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=472.129 + 445.926
=918.055

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=485.879 + 882.246
=1368.125

Borlease Otomotiv AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -663.016/( (1723.745+2119.802)/ 2 )
=-1  *  -663.016/1921.7735
=34.50 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=569.976 + 1153.769
=1723.745

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=563.024 + 1556.778
=2119.802

* 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.

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Borlease Otomotiv AS  (IST:BORLS) Effective Interest Rate on Debt % Explanation

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

Borlease Otomotiv AS Effective Interest Rate on Debt % Related Terms

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Borlease Otomotiv AS (IST:BORLS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Borlease Otomotiv AS (IST:BORLS) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
Saray Mahallesi, Dr. Adnan Büyükdeniz Cad. 2 Blok, No: 4 Ic Kap? No: 28 Umraniye, Istanbul, TUR
Website
https://www.borlease.com.tr
Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.

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