GEL SpA (MIL:GEL) Effective Interest Rate on Debt % : 3.39% (As of Jun. 2023)

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What is GEL 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. GEL SpA's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0.27 Mil. GEL SpA's average total debt for the quarter that ended in Jun. 2023 was €7.84 Mil. Therefore, GEL SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.39%.

GEL SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for GEL 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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GEL SpA Effective Interest Rate on Debt % Chart

GEL SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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7.88

2.66

1.29

1.01

1.28

GEL SpA Semi-Annual Data
	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											1.12	1.04	1.17	1.89	3.39

Competitive Comparison of GEL SpA's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, GEL 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.

GEL SpA's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, GEL SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

GEL SpA Effective Interest Rate on Debt % Calculation

GEL SpA'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 * -0.141	/	( (14.678	+	7.349)	/ 2 )
=	-1 * -0.141	/	11.0135
=	1.28 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.363	+	8.315
=	14.678

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	7.349
=	7.349

GEL SpA'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 * -0.266	/	( (7.349	+	8.329)	/ 2 )
=	-1 * -0.266	/	7.839
=	3.39 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	7.349
=	7.349

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.276	+	2.053
=	8.329

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.

GEL SpA (MIL:GEL) Effective Interest Rate on Debt % Explanation

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

GEL SpA Effective Interest Rate on Debt % Related Terms

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GEL SpA (MIL:GEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GEL SpA (MIL:GEL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Enzo Ferrari, 1, Castelfidardo, ITA, 60022

Website

http://www.gel.it

GEL SpA is an Italian company engaged in the business of designing and manufacturing products to treat water. The company offers filters, softeners, dosers, reverse osmosis, and conditioners to its clients. It also provides water treatment services for the following divisions - Medical, Food, and Mobile Installations. Desalination services and leachate treatment services are also provided by the company.