Somec SpA (MIL:SOM) Effective Interest Rate on Debt % : 6.25% (As of Jun. 2024)

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What is Somec 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. Somec SpA's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €6.2 Mil. Somec SpA's average total debt for the quarter that ended in Jun. 2024 was €99.6 Mil. Therefore, Somec SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.25%.

Somec SpA Effective Interest Rate on Debt % Historical Data

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

Somec SpA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.43

2.41

1.87

2.51

5.03

Somec SpA Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										1.68	2.93	4.98	4.76	6.25

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

For the Engineering & Construction subindustry, Somec 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.

Somec SpA's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

Somec SpA Effective Interest Rate on Debt % Calculation

Somec 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 * -5.487	/	( (110.88	+	107.28)	/ 2 )
=	-1 * -5.487	/	109.08
=	5.03 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	83.991	+	26.889
=	110.88

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.833	+	75.447
=	107.28

Somec SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -6.226	/	( (107.28	+	92.013)	/ 2 )
=	-1 * -6.226	/	99.6465
=	6.25 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.833	+	75.447
=	107.28

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.914	+	30.099
=	92.013

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

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

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

Somec SpA Effective Interest Rate on Debt % Related Terms

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Somec SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Somec SpA (MIL:SOM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Palu, 30, San Vendemiano, Treviso, ITA, 31020

Website

https://www.somecgroup.com

Somec SpA engaged in the engineering, design, and implementation of complex turnkey projects in the civil and naval sectors operating through three divisions Horizons: engineered systems of naval architecture and civil facades; Talenta: professional kitchen systems and products; and Professions: design and creation of customized interiors.

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