Otto Holding AS (IST:OTTO) Effective Interest Rate on Debt % : 0.08% (As of Sep. 2023)

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What is Otto Holding 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. Otto Holding AS's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₺0.0 Mil. Otto Holding AS's average total debt for the quarter that ended in Sep. 2023 was ₺29.6 Mil. Therefore, Otto Holding AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.08%.

Otto Holding AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Otto Holding 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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Otto Holding AS Effective Interest Rate on Debt % Chart

Otto Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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18.74

22.49

10.81

4.76

15.49

Otto Holding AS Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															15.50	6.59	57.73	43.08	0.08

Competitive Comparison of Otto Holding AS's Effective Interest Rate on Debt %

For the Asset Management subindustry, Otto Holding 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.

Otto Holding AS's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Otto Holding AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

Otto Holding AS Effective Interest Rate on Debt % Calculation

Otto Holding 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 * -0.605	/	( (4.823	+	2.986)	/ 2 )
=	-1 * -0.605	/	3.9045
=	15.49 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.115	+	3.708
=	4.823

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.838	+	1.148
=	2.986

Otto Holding 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 * -0.024	/	( (26.293	+	32.853)	/ 2 )
=	-1 * -0.024	/	29.573
=	0.08 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.229	+	25.064
=	26.293

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.856	+	31.997
=	32.853

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.

Otto Holding AS (IST:OTTO) Effective Interest Rate on Debt % Explanation

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

Otto Holding AS Effective Interest Rate on Debt % Related Terms

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Otto Holding AS (IST:OTTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Otto Holding AS (IST:OTTO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Neighbourhood Yosun St. No:8, Besiktas, Istanbul, TUR

Website

https://www.ottoholding.com.tr

Otto Holding AS is an investment company that brings traditional markets together with new-generation investments, It undertakes the responsibility of making investments that will benefit our shareholders while protecting the securities and transparency of the markets. The company transforms its experience in media, entertainment and other sectors into measurable financial values with technology-oriented investments in fields of activity such as artificial intelligence (AI), augmented reality (AR), financial technologies (Fintech), gaming (Gaming), and electric vehicles (Electrification).

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