OVS SpA (MIL:OVS) Effective Interest Rate on Debt % : 4.15% (As of Jul. 2023)

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What is OVS 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. OVS SpA's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was €54 Mil. OVS SpA's average total debt for the quarter that ended in Jul. 2023 was €1,313 Mil. Therefore, OVS SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 4.15%.

OVS SpA Effective Interest Rate on Debt % Historical Data

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

OVS SpA Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

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3.36

8.13

4.98

4.58

3.72

OVS SpA Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.68	4.43	3.62	3.85	4.15

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

For the Apparel Manufacturing subindustry, OVS 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.

OVS SpA's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, OVS SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

OVS SpA Effective Interest Rate on Debt % Calculation

OVS SpA's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jan. 2023 ))	/ count )
=	-1 * -48.681	/	( (1304.41	+	1314.013)	/ 2 )
=	-1 * -48.681	/	1309.2115
=	3.72 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1068.545	+	235.865
=	1304.41

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1127.23	+	186.783
=	1314.013

OVS SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2023 )	+	Total Debt (Q: Jul. 2023 ))	/ count )
=	-1 * -54.488	/	( (1314.013	+	1311.44)	/ 2 )
=	-1 * -54.488	/	1312.7265
=	4.15 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1127.23	+	186.783
=	1314.013

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1079.171	+	232.269
=	1311.44

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

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

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

OVS SpA Effective Interest Rate on Debt % Related Terms

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OVS SpA (MIL:OVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » OVS SpA (MIL:OVS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OVSm:UK 0R5R:UK 0OV1:Germany

Address

Via Terraglio 17, Venice - Mestre, ITA, 30174

Website

http://www.ovscorporate.it

OVS SpA is an Italian fashion retailer. The company develops and markets menswear, womenswear and children's wear. Its operating segment includes OVS, UPIM and Sempione Fashion. OVS segment offers stylish and high-quality clothing at competitive prices focusing on the latest trends and fashion. Its UPIM segment offers women's, men's and children's clothing products, homeware and fragrance, The company generates maximum revenue from the OVS segment. Geographically, it has a presence in Italy, Bangladesh, China, Hong Kong, India, Pakistan, Turkey, Spain, Croatia, and Serbia.