Azimut Holding SPA (MIL:AZM) Effective Interest Rate on Debt % : 32.36% (As of Dec. 2023)

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What is Azimut Holding SPA 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. Azimut Holding SPA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €17 Mil. Azimut Holding SPA's average total debt for the quarter that ended in Dec. 2023 was €54 Mil. Therefore, Azimut Holding SPA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 32.36%.

Azimut Holding SPA Effective Interest Rate on Debt % Historical Data

The historical data trend for Azimut Holding SPA'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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Azimut Holding SPA Effective Interest Rate on Debt % Chart

Azimut Holding SPA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.78

1.95

2.06

1.68

2.32

Azimut Holding SPA 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															2.25	2.17	2.95	32.36	-

Competitive Comparison of Azimut Holding SPA's Effective Interest Rate on Debt %

For the Asset Management subindustry, Azimut Holding SPA'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.

Azimut Holding SPA's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Azimut Holding SPA's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Azimut Holding SPA's Effective Interest Rate on Debt % falls into.

Azimut Holding SPA Effective Interest Rate on Debt % Calculation

Azimut Holding SPA'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 * -12.529	/	( (539.667	+	0)	/ 1 )
=	-1 * -12.529	/	539.667
=	2.32 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	539.667	+	0
=	539.667

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Azimut Holding SPA'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 * -17.48	/	( (54.022	+	0)	/ 1 )
=	-1 * -17.48	/	54.022
=	32.36 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.022	+	0
=	54.022

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Azimut Holding SPA (MIL:AZM) Effective Interest Rate on Debt % Explanation

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

Azimut Holding SPA Effective Interest Rate on Debt % Related Terms

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Azimut Holding SPA (MIL:AZM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Azimut Holding SPA (MIL:AZM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AZIHF:USA AZMm:UK 0MHJ:UK HDB:Germany

Address

Via Cusani 4, Milan, ITA, 20121

Website

https://www.azimut.it

Azimut Holding SPA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.

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