Petkim Petrokimya Holding AS (IST:PETKM) Effective Interest Rate on Debt % : 20.90% (As of Dec. 2023)

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What is Petkim Petrokimya 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. Petkim Petrokimya Holding AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺6,301 Mil. Petkim Petrokimya Holding AS's average total debt for the quarter that ended in Dec. 2023 was ₺30,151 Mil. Therefore, Petkim Petrokimya Holding AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.90%.

Petkim Petrokimya Holding AS Effective Interest Rate on Debt % Historical Data

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

Petkim Petrokimya Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.27

4.43

4.70

14.93

12.26

Petkim Petrokimya Holding AS 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															36.91	8.59	10.85	10.41	20.90

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

For the Chemicals subindustry, Petkim Petrokimya 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.

Petkim Petrokimya Holding AS's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Petkim Petrokimya Holding AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

Petkim Petrokimya Holding AS Effective Interest Rate on Debt % Calculation

Petkim Petrokimya Holding 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 * -3630.947	/	( (28723.63	+	30492.602)	/ 2 )
=	-1 * -3630.947	/	29608.116
=	12.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2997.055	+	25726.575
=	28723.63

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13626.689	+	16865.913
=	30492.602

Petkim Petrokimya Holding AS'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 * -6301.116	/	( (29810.393	+	30492.602)	/ 2 )
=	-1 * -6301.116	/	30151.4975
=	20.90 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12501.223	+	17309.17
=	29810.393

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13626.689	+	16865.913
=	30492.602

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.

Petkim Petrokimya Holding AS (IST:PETKM) Effective Interest Rate on Debt % Explanation

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

Petkim Petrokimya Holding AS Effective Interest Rate on Debt % Related Terms

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Petkim Petrokimya Holding AS (IST:PETKM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petkim Petrokimya Holding AS (IST:PETKM) » Definitions » Effective Interest Rate on Debt %

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Address

Aliaga, P.O. Box 12, Izmir, TUR, 35800

Website

http://www.petkim.com.tr

Petkim Petrokimya Holding AS is a holding company, which through its subsidiaries, manufactures and sells a variety of petrochemicals, specialty chemicals, plastics, and chemical-based products. The firm's product portfolio includes polyvinyl chloride, or PVC, used in construction, polypropylene, polyethylene, glycols, and ethylene. The company's products are used in soaps, detergents, textiles, food and beverage packaging, retail goods packaging, water treatment, and airplane and railway de-icing. The vast majority of revenue comes from Turkey.

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