Industrie Chimiche Forestali SpA (MIL:ICF) Effective Interest Rate on Debt % : 5.61% (As of Dec. 2023)

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What is Industrie Chimiche Forestali 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. Industrie Chimiche Forestali SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €1.04 Mil. Industrie Chimiche Forestali SpA's average total debt for the quarter that ended in Dec. 2023 was €18.47 Mil. Therefore, Industrie Chimiche Forestali SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.61%.

Industrie Chimiche Forestali SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Industrie Chimiche Forestali 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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Industrie Chimiche Forestali SpA Effective Interest Rate on Debt % Chart

Industrie Chimiche Forestali SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.79

4.46

2.24

2.64

5.66

Industrie Chimiche Forestali SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					-7.42	2.60	2.57	4.95	5.61

Competitive Comparison of Industrie Chimiche Forestali SpA's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Industrie Chimiche Forestali 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.

Industrie Chimiche Forestali SpA's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Industrie Chimiche Forestali SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Industrie Chimiche Forestali SpA Effective Interest Rate on Debt % Calculation

Industrie Chimiche Forestali 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 * -0.992	/	( (18.227	+	16.847)	/ 2 )
=	-1 * -0.992	/	17.537
=	5.66 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.152	+	6.075
=	18.227

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.264	+	6.583
=	16.847

Industrie Chimiche Forestali 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 * -1.036	/	( (20.092	+	16.847)	/ 2 )
=	-1 * -1.036	/	18.4695
=	5.61 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.287	+	7.805
=	20.092

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.264	+	6.583
=	16.847

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.

Industrie Chimiche Forestali SpA (MIL:ICF) Effective Interest Rate on Debt % Explanation

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

Industrie Chimiche Forestali SpA Effective Interest Rate on Debt % Related Terms

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Industrie Chimiche Forestali SpA (MIL:ICF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Industrie Chimiche Forestali SpA (MIL:ICF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Fratelli Kennedy, 75, Marcallo con Casone, Milano, ITA, 20010

Website

https://www.forestali.it

Industrie Chimiche Forestali SpA is engaged in the design, production and marketing of high-tech adhesives and fabrics mainly for the following markets: footwear & leather goods, automotive and packaging.