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Finanza.tech SpA (MIL:FTC) Effective Interest Rate on Debt % : 3.87% (As of Dec. 2023)


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What is Finanza.tech 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. Finanza.tech SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.04 Mil. Finanza.tech SpA's average total debt for the quarter that ended in Dec. 2023 was €1.03 Mil. Therefore, Finanza.tech SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.87%.

Finanza.tech SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Finanza.tech 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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Finanza.tech SpA Effective Interest Rate on Debt % Chart

Finanza.tech SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
3.50 3.52 13.35 6.53 3.82

Finanza.tech SpA Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 10.59 16.69 2.79 5.02 3.87

Competitive Comparison of Finanza.tech SpA's Effective Interest Rate on Debt %

For the Consulting Services subindustry, Finanza.tech 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.

Finanza.tech SpA's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finanza.tech SpA's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Finanza.tech SpA's Effective Interest Rate on Debt % falls into.


Finanza.tech SpA Effective Interest Rate on Debt % Calculation

Finanza.tech 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  *  -0.04/( (0.81+1.283)/ 2 )
=-1  *  -0.04/1.0465
=3.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.708 + 0.102
=0.81

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.563 + 0.72
=1.283

Finanza.tech 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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.04/( (0.785+1.283)/ 2 )
=-1  *  -0.04/1.034
=3.87 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.708 + 0.077
=0.785

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.563 + 0.72
=1.283

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Finanza.tech SpA  (MIL:FTC) Effective Interest Rate on Debt % Explanation

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

Finanza.tech SpA Effective Interest Rate on Debt % Related Terms

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Finanza.tech SpA (MIL:FTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finanza.tech SpA (MIL:FTC) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
MIL:EPRB MIL:PMT VRSK LSE:EXPN EFX BAH XSWX:SGSN XPAR:BVI TRU FCN TSE:6532 XSWX:DKSH SZSE:300012 ASX:ALQ ICFI XPAR:IPS HURN LSE:DATA SZSE:002967 SHSE:603060
Traded in Other Exchanges
N/A
Address
Via Santa Maria Fulcorina, 19, Milan, ITA, 20123
Website
https://www.finanza.tech
Finanza.tech SpA is a fintech operator. It provides consultancy activities in extraordinary finance operations and support for ordinary corporate financial management.