Izmir Demir Celiknayi AS (IST:IZMDC) Effective Interest Rate on Debt % : 12.04% (As of Jun. 2024)

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What is Izmir Demir Celiknayi 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. Izmir Demir Celiknayi AS's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ₺1,953 Mil. Izmir Demir Celiknayi AS's average total debt for the quarter that ended in Jun. 2024 was ₺16,217 Mil. Therefore, Izmir Demir Celiknayi AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 12.04%.

Izmir Demir Celiknayi AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Izmir Demir Celiknayi 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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Izmir Demir Celiknayi AS Effective Interest Rate on Debt % Chart

Izmir Demir Celiknayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.00

5.70

4.17

9.12

9.66

Izmir Demir Celiknayi AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.96	8.47	20.93	46.30	12.04

Competitive Comparison of Izmir Demir Celiknayi AS's Effective Interest Rate on Debt %

For the Steel subindustry, Izmir Demir Celiknayi 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.

Izmir Demir Celiknayi AS's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Izmir Demir Celiknayi AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Izmir Demir Celiknayi AS's Effective Interest Rate on Debt % falls into.

Izmir Demir Celiknayi AS Effective Interest Rate on Debt % Calculation

Izmir Demir Celiknayi 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 * -1234.821	/	( (12746.623	+	12813.71)	/ 2 )
=	-1 * -1234.821	/	12780.1665
=	9.66 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2574.987	+	10171.636
=	12746.623

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2498.336	+	10315.374
=	12813.71

Izmir Demir Celiknayi AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -1953.244	/	( (14546.563	+	17886.803)	/ 2 )
=	-1 * -1953.244	/	16216.683
=	12.04 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2765.517	+	11781.046
=	14546.563

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2470.485	+	15416.318
=	17886.803

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Izmir Demir Celiknayi AS (IST:IZMDC) Effective Interest Rate on Debt % Explanation

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

Izmir Demir Celiknayi AS Effective Interest Rate on Debt % Related Terms

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Izmir Demir Celiknayi AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Izmir Demir Celik Sanayi AS (IST:IZMDC) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

?air E?ref Bulvar? No. 23, Çankaya, Izmir, TUR, 35210

Website

http://www.izdemir.com.tr

Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries.

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