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Mit Sim SpA (MIL:MTS) Effective Interest Rate on Debt % : 5.79% (As of Dec. 2023)


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What is Mit Sim 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. Mit Sim SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.02 Mil. Mit Sim SpA's average total debt for the quarter that ended in Dec. 2023 was €0.38 Mil. Therefore, Mit Sim SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.79%.

Mit Sim SpA Effective Interest Rate on Debt % Historical Data

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

Mit Sim SpA Annual Data
Trend Mar19 Mar20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - - 3.21 3.23

Mit Sim SpA Semi-Annual Data
Mar19 Mar20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 2.21 3.96 0.53 5.79

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

For the Asset Management subindustry, Mit Sim 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.

Mit Sim SpA's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

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

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


Mit Sim SpA Effective Interest Rate on Debt % Calculation

Mit Sim 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  *  -0.012/( (0.372+0)/ 1 )
=-1  *  -0.012/0.372
=3.23 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.372 + 0
=0.372

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

Mit Sim 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  *  -0.022/( (0.38+0)/ 1 )
=-1  *  -0.022/0.38
=5.79 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.38 + 0
=0.38

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

* 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.

Mit Sim SpA  (MIL:MTS) Effective Interest Rate on Debt % Explanation

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

Mit Sim SpA Effective Interest Rate on Debt % Related Terms

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Mit Sim SpA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mit Sim SpA (MIL:MTS) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
MIL:GEQ MIL:MET MIL:COP MIL:CFM MIL:LVEN MIL:FARM MIL:RFLTC MIL:CUBE BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III OSTO:EQT TROW
Traded in Other Exchanges
N/A
Address
Corso Venezia 16, Serbelloni Palace, Milan, ITA, 20121
Website
https://www.mitsim.it
Mit Sim SpA is involved in Specialist activities, Order Reception and Transmission Activities, Placement Activities, and Euronext Growth Advisor Activities.

Mit Sim SpA Headlines

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