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Seker Yatirim Menkul Degerler AS (IST:SKYMD) Effective Interest Rate on Debt % : 54.49% (As of Dec. 2023)


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What is Seker Yatirim Menkul Degerler 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. Seker Yatirim Menkul Degerler AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺252 Mil. Seker Yatirim Menkul Degerler AS's average total debt for the quarter that ended in Dec. 2023 was ₺462 Mil. Therefore, Seker Yatirim Menkul Degerler AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 54.49%.

Seker Yatirim Menkul Degerler AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Seker Yatirim Menkul Degerler 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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Seker Yatirim Menkul Degerler AS Effective Interest Rate on Debt % Chart

Seker Yatirim Menkul Degerler AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
11.01 31.84 25.13 25.79

Seker Yatirim Menkul Degerler AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 44.01 - 27.14 54.49

Competitive Comparison of Seker Yatirim Menkul Degerler AS's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Seker Yatirim Menkul Degerler 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.

Seker Yatirim Menkul Degerler AS's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Seker Yatirim Menkul Degerler AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Seker Yatirim Menkul Degerler AS's Effective Interest Rate on Debt % falls into.


Seker Yatirim Menkul Degerler AS Effective Interest Rate on Debt % Calculation

Seker Yatirim Menkul Degerler 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  *  -127.911/( (525.799+466.079)/ 2 )
=-1  *  -127.911/495.939
=25.79 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.265 + 525.534
=525.799

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.334 + 465.745
=466.079

Seker Yatirim Menkul Degerler 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  *  -251.5/( (457.099+466.079)/ 2 )
=-1  *  -251.5/461.589
=54.49 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.366 + 456.733
=457.099

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.334 + 465.745
=466.079

* 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.

Seker Yatirim Menkul Degerler AS  (IST:SKYMD) Effective Interest Rate on Debt % Explanation

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

Seker Yatirim Menkul Degerler AS Effective Interest Rate on Debt % Related Terms

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Seker Yatirim Menkul Degerler AS (IST:SKYMD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Seker Yatirim Menkul Degerler AS (IST:SKYMD) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
Buyukdere Cad. No:171, Metrocity A Blok Kat:4-5 Esentepe, Sisli, Istanbul, TUR
Website
https://www.sekeryatirim.com.tr
Seker Yatirim Menkul Degerler AS is an investment company which offers serves as an broad authorized Intermediary Institution such as Trading Intermediary Operations, Portfolio Intermediary Operations, Individual Portfolio Management Activities, Investment Advisory, and IPO Intermediary through underwriting, Limited and General Custody Services.

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