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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. Magnit PJSC's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was ₽82,623 Mil. Magnit PJSC's average total debt for the quarter that ended in Jun. 2023 was ₽871,144 Mil. Therefore, Magnit PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 9.48%.
Magnit PJSC (MIC:MGNT) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Magnit PJSC Effective Interest Rate on Debt % Related Terms
Magnit PJSC Effective Interest Rate on Debt % Historical Data
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The historical data trend for Magnit PJSC'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.
Magnit PJSC Effective Interest Rate on Debt % Chart
MIC:MGNT vs WMT, COST, TGT: Effective Interest Rate on Debt % Comparison
For the Discount Stores subindustry, Magnit PJSC'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.
Magnit PJSC Effective Interest Rate on Debt % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Magnit PJSC's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Magnit PJSC's Effective Interest Rate on Debt % falls into.
* 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 two times the semi-annual (Jun. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
What does a Effective Interest Rate on Debt % of 9.48% mean?
Magnit PJSC (MIC:MGNT) has a Effective Interest Rate on Debt % of 9.48% as of Jun. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Magnit PJSC and its competitors.
Is Magnit PJSC's Effective Interest Rate on Debt % too high?
Magnit PJSC's current Effective Interest Rate on Debt % is 9.48%. Overall, Magnit PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnit PJSC's Effective Interest Rate on Debt % compare to WMT and COST?
Magnit PJSC's Effective Interest Rate on Debt % of 9.48% can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Retail - Defensive company?
A good Effective Interest Rate on Debt % depends on the Retail - Defensive industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Magnit PJSC and its competitors. Magnit PJSC's current Effective Interest Rate on Debt % is 9.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnit PJSC stock overvalued right now?
Magnit PJSC (MIC:MGNT) has a current Effective Interest Rate on Debt % of 9.48%. The current Effective Interest Rate on Debt % is 9.48%. Magnit PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Magnit PJSC (MIC:MGNT), the current Effective Interest Rate on Debt % is 9.48% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Magnit PJSC operates in the retail and distribution of consumer goods under the Magnit, the DIXY, and the Megamart names. The Group's retail operations are operated through convenience stores, cosmetic stores, supermarkets, and others. The Group's business operations are located in the Russian Federation and relate mainly to retail sales of consumer goods. The company operates in about 4,000 localities. The company utilizes a multiformat model, which includes convenience and drogerie stores, supermarkets, and pharmacies. Aside from commodity sales, it operates a private-label food production business. The company manages several plants for growing vegetables and the production of dry food and confectionery.
17GF Score
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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