Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Effective Interest Rate on Debt % : 174.30% (As of Sep. 2023)

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What is Soke Degirmenciliknayi Ve Ticaret 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. Soke Degirmenciliknayi Ve Ticaret's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₺76 Mil. Soke Degirmenciliknayi Ve Ticaret's average total debt for the quarter that ended in Sep. 2023 was ₺43 Mil. Therefore, Soke Degirmenciliknayi Ve Ticaret's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 174.30%.

Soke Degirmenciliknayi Ve Ticaret Effective Interest Rate on Debt % Historical Data

The historical data trend for Soke Degirmenciliknayi Ve Ticaret'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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Soke Degirmenciliknayi Ve Ticaret Effective Interest Rate on Debt % Chart

Soke Degirmenciliknayi Ve Ticaret Annual Data

Trend

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

13.30

13.14

16.26

Soke Degirmenciliknayi Ve Ticaret Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					-	30.61	49.26	170.43	174.30

Competitive Comparison of Soke Degirmenciliknayi Ve Ticaret's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Soke Degirmenciliknayi Ve Ticaret'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.

Soke Degirmenciliknayi Ve Ticaret's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Soke Degirmenciliknayi Ve Ticaret's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Soke Degirmenciliknayi Ve Ticaret's Effective Interest Rate on Debt % falls into.

Soke Degirmenciliknayi Ve Ticaret Effective Interest Rate on Debt % Calculation

Soke Degirmenciliknayi Ve Ticaret's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -19.841	/	( (113.709	+	130.394)	/ 2 )
=	-1 * -19.841	/	122.0515
=	16.26 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.721	+	101.988
=	113.709

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.751	+	129.643
=	130.394

Soke Degirmenciliknayi Ve Ticaret'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 * -75.652	/	( (67.898	+	18.908)	/ 2 )
=	-1 * -75.652	/	43.403
=	174.30 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.214	+	61.684
=	67.898

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.587	+	14.321
=	18.908

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.

Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Effective Interest Rate on Debt % Explanation

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

Soke Degirmenciliknayi Ve Ticaret Effective Interest Rate on Debt % Related Terms

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Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Soke Degirmencilik Sanayi Ve Ticaret (IST:SOKE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sazl? Mahallesi Fabrika Sokak No: 02, Soke, Aydin, TUR, 09260

Website

https://www.soke.com.tr

Soke Degirmencilik Sanayi Ve Ticaret provides packaged food products. The product range consists of flour, gluten-free flour, grain flour, professional flour, and bread flour mixes.

Soke Degirmenciliknayi Ve Ticaret (IST:SOKE) Headlines

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