Gediz Ambalajnayi ve Ticaret AS (IST:GEDZA) Effective Interest Rate on Debt % : 80.59% (As of Mar. 2024)

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What is Gediz Ambalajnayi ve Ticaret 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. Gediz Ambalajnayi ve Ticaret AS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₺27.3 Mil. Gediz Ambalajnayi ve Ticaret AS's average total debt for the quarter that ended in Mar. 2024 was ₺33.9 Mil. Therefore, Gediz Ambalajnayi ve Ticaret AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 80.59%.

Gediz Ambalajnayi ve Ticaret AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Gediz Ambalajnayi ve Ticaret 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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Gediz Ambalajnayi ve Ticaret AS Effective Interest Rate on Debt % Chart

Gediz Ambalajnayi ve Ticaret AS Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.51

1.40

9.00

Gediz Ambalajnayi ve Ticaret AS Quarterly Data
	Jun13	Sep13	Jun14	Sep14	Sep15	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									2.60	1.91	12.96	-2.08	80.59

Competitive Comparison of Gediz Ambalajnayi ve Ticaret AS's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Gediz Ambalajnayi ve Ticaret 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.

Gediz Ambalajnayi ve Ticaret AS's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gediz Ambalajnayi ve Ticaret AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Gediz Ambalajnayi ve Ticaret AS's Effective Interest Rate on Debt % falls into.

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Gediz Ambalajnayi ve Ticaret AS Effective Interest Rate on Debt % Calculation

Gediz Ambalajnayi ve Ticaret AS'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 * -3.816	/	( (45.865	+	38.923)	/ 2 )
=	-1 * -3.816	/	42.394
=	9.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	45.865
=	45.865

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.007	+	25.916
=	38.923

Gediz Ambalajnayi ve Ticaret AS'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 * -27.296	/	( (38.923	+	28.816)	/ 2 )
=	-1 * -27.296	/	33.8695
=	80.59 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.007	+	25.916
=	38.923

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.507	+	18.309
=	28.816

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.

Gediz Ambalajnayi ve Ticaret AS (IST:GEDZA) Effective Interest Rate on Debt % Explanation

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

Gediz Ambalajnayi ve Ticaret AS Effective Interest Rate on Debt % Related Terms

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Gediz Ambalajnayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gediz Ambalaj Sanayi ve Ticaret AS (IST:GEDZA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Highway 3 Km, Kutahya, Gediz, TUR, 43600

Website

http://www.gedizambalaj.com

Gediz Ambalaj Sanayi ve Ticaret AS is a manufacturer of corrugated polypropylene (PP) sheet in Turkey. Its PP sheets are used in various applications, such as separators, white appliances and electronics, automotive products, logistic products, iron works, stationery products, project bags, magazine boxes, archive boxes, vegetable and fruit boxes, multipurpose boxes, recycling bins, signboards and stands, agricultural products, flower boxes, pet kennels, beehives, greenhouses, sapling shield products, and building and isolation products.

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