Magazine Luiza (Magazine Luiza) Effective Interest Rate on Debt % : 10.26% (As of Mar. 2024)

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What is Magazine Luiza 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. Magazine Luiza's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $219 Mil. Magazine Luiza's average total debt for the quarter that ended in Mar. 2024 was $2,136 Mil. Therefore, Magazine Luiza's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.26%.

Magazine Luiza Effective Interest Rate on Debt % Historical Data

The historical data trend for Magazine Luiza'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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Magazine Luiza Effective Interest Rate on Debt % Chart

Magazine Luiza Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.56

5.56

5.35

11.78

12.33

Magazine Luiza Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.14	12.26	11.99	11.44	10.26

Competitive Comparison of Magazine Luiza's Effective Interest Rate on Debt %

For the Specialty Retail subindustry, Magazine Luiza'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.

Magazine Luiza's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Magazine Luiza's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Magazine Luiza's Effective Interest Rate on Debt % falls into.

Magazine Luiza Effective Interest Rate on Debt % Calculation

Magazine Luiza'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 * -264.429	/	( (2059.38	+	2231.318)	/ 2 )
=	-1 * -264.429	/	2145.349
=	12.33 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1917.525	+	141.855
=	2059.38

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1524.614	+	706.704
=	2231.318

Magazine Luiza's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -219.132	/	( (2231.318	+	2040.756)	/ 2 )
=	-1 * -219.132	/	2136.037
=	10.26 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1524.614	+	706.704
=	2231.318

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1483.419	+	557.337
=	2040.756

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Magazine Luiza (OTCPK:MGLUD) Effective Interest Rate on Debt % Explanation

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

Magazine Luiza Effective Interest Rate on Debt % Related Terms

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Magazine Luiza (Magazine Luiza) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Magazine Luiza SA (OTCPK:MGLUD) » Definitions » Effective Interest Rate on Debt %

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MGLU3:Brazil

Address

Rua Arnulfo de Lima, 2385 - Vila Santa Cruz, Franca, SP, BRA, 14403-471

Website

https://www.magazineluiza.com.br

Magazine Luiza SA is a retailing company in Brazil. Its core products are home appliances, personal electronics, and furniture, which are supplied through physical and virtual stores. Its operations include four segments, Retail segment, Financial operations, Insurance operations and Other services. The company derives maximum revenue from Retail segment.