TGC No 2 PJSC (MIC:TGKB) Effective Interest Rate on Debt %: 17.96% (As of Jun. 2023)

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What is TGC No 2 PJSC Effective Interest Rate on Debt %?

TGC No 2 PJSC MIC:TGKB +7.26% Effective Interest Rate on Debt % is 17.96% as of Jun. 2023.

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. TGC No 2 PJSC's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was ₽2,198 Mil. TGC No 2 PJSC's average total debt for the quarter that ended in Jun. 2023 was ₽12,240 Mil. Therefore, TGC No 2 PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 17.96%.


TGC No 2 PJSC  (MIC:TGKB) Effective Interest Rate on Debt % Explanation

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


TGC No 2 PJSC Effective Interest Rate on Debt % Related Terms


TGC No 2 PJSC Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for TGC No 2 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.

TGC No 2 PJSC Effective Interest Rate on Debt % Chart

TGC No 2 PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.19 14.96 15.32 16.74 19.19

TGC No 2 PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.80 17.34 22.26 19.12 17.96

MIC:TGKB vs VST, NRG: Effective Interest Rate on Debt % Comparison

For the Utilities - Independent Power Producers subindustry, TGC No 2 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.


TGC No 2 PJSC Effective Interest Rate on Debt % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TGC No 2 PJSC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where TGC No 2 PJSC's Effective Interest Rate on Debt % falls into.



TGC No 2 PJSC Effective Interest Rate on Debt % Calculation

TGC No 2 PJSC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -2295.339/( (11115.855+12803.587)/ 2 )
=-1  *  -2295.339/11959.721
=19.19 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4471.421 + 6644.434
=11115.855

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4891.875 + 7911.712
=12803.587

TGC No 2 PJSC's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -2198.384/( (12803.587+11675.5)/ 2 )
=-1  *  -2198.384/12239.5435
=17.96 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4891.875 + 7911.712
=12803.587

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4531.651 + 7143.849
=11675.5

* 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 17.96% mean?
TGC No 2 PJSC (MIC:TGKB) has a Effective Interest Rate on Debt % of 17.96% as of Jun. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on TGC No 2 PJSC and its competitors.
Is TGC No 2 PJSC's Effective Interest Rate on Debt % too high?
TGC No 2 PJSC's current Effective Interest Rate on Debt % is 17.96%.
How does TGC No 2 PJSC's Effective Interest Rate on Debt % compare to VST and NRG?
TGC No 2 PJSC's Effective Interest Rate on Debt % of 17.96% can be compared against companies in the Utilities - Independent Power Producers 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 an Utilities - Independent Power Producers company?
A good Effective Interest Rate on Debt % depends on the Utilities - Independent Power Producers 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 TGC No 2 PJSC and its competitors. TGC No 2 PJSC's current Effective Interest Rate on Debt % is 17.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGC No 2 PJSC stock overvalued right now?
TGC No 2 PJSC (MIC:TGKB) has a current Effective Interest Rate on Debt % of 17.96%. The current Effective Interest Rate on Debt % is 17.96%. 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 TGC No 2 PJSC (MIC:TGKB), the current Effective Interest Rate on Debt % is 17.96% 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.

TGC No 2 PJSC Business Description

Address Pyatnitskaya Street 6, Yaroslavl, RUS, 150003
TGC No 2 PJSC is a heat and power-generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod, and Yaroslavl regions of Russia, and in Skopje (Macedonia).