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Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Effective Interest Rate on Debt % : 33.08% (As of Dec. 2023)


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What is Ozak Gayrimenkul Yatirim Ortakligi 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. Ozak Gayrimenkul Yatirim Ortakligi's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺767 Mil. Ozak Gayrimenkul Yatirim Ortakligi's average total debt for the quarter that ended in Dec. 2023 was ₺2,319 Mil. Therefore, Ozak Gayrimenkul Yatirim Ortakligi's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 33.08%.


Ozak Gayrimenkul Yatirim Ortakligi Effective Interest Rate on Debt % Historical Data

The historical data trend for Ozak Gayrimenkul Yatirim Ortakligi'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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Ozak Gayrimenkul Yatirim Ortakligi Effective Interest Rate on Debt % Chart

Ozak Gayrimenkul Yatirim Ortakligi Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.03 10.09 10.38 21.15 17.55

Ozak Gayrimenkul Yatirim Ortakligi Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.18 6.41 13.81 35.01 33.08

Competitive Comparison of Ozak Gayrimenkul Yatirim Ortakligi's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Ozak Gayrimenkul Yatirim Ortakligi'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.


Ozak Gayrimenkul Yatirim Ortakligi's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ozak Gayrimenkul Yatirim Ortakligi's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ozak Gayrimenkul Yatirim Ortakligi's Effective Interest Rate on Debt % falls into.



Ozak Gayrimenkul Yatirim Ortakligi Effective Interest Rate on Debt % Calculation

Ozak Gayrimenkul Yatirim Ortakligi'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  *  -453.411/( (2872.859+2294.817)/ 2 )
=-1  *  -453.411/2583.838
=17.55 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1892.048 + 980.811
=2872.859

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1241.458 + 1053.359
=2294.817

Ozak Gayrimenkul Yatirim Ortakligi's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -767.244/( (2343.401+2294.817)/ 2 )
=-1  *  -767.244/2319.109
=33.08 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1404.166 + 939.235
=2343.401

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1241.458 + 1053.359
=2294.817

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


Ozak Gayrimenkul Yatirim Ortakligi  (IST:OZKGY) Effective Interest Rate on Debt % Explanation

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


Ozak Gayrimenkul Yatirim Ortakligi Effective Interest Rate on Debt % Related Terms

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Ozak Gayrimenkul Yatirim Ortakligi (IST:OZKGY) Business Description

Traded in Other Exchanges
N/A
Address
Kazlicesme Mah. Kennedy Cad. No:52C, D:1 Zeytinburnu, Istanbul, TUR, 34020
Ozak Gayrimenkul Yatirim Ortakligi is a Turkey-based Real Estate Investment Trust. It maintains its land and project development studies in Housing, Commercial, Tourism, and Merchandise areas. Some of the projects of the company include Hayat Tepe Suites, Ozak Hayat Tepe, Bulvar216 and 34 Portall.

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