Take Off SpA (MIL:TKF) Effective Interest Rate on Debt % : 2.19% (As of Dec. 2023)

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What is Take Off 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. Take Off SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.25 Mil. Take Off SpA's average total debt for the quarter that ended in Dec. 2023 was €11.60 Mil. Therefore, Take Off SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.19%.

Take Off SpA Effective Interest Rate on Debt % Historical Data

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

Take Off SpA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.74

2.26

2.20

2.42

Take Off SpA Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				3.03	2.06	2.13	2.23	2.19

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

For the Apparel Retail subindustry, Take Off 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.

Take Off SpA's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Take Off SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Take Off SpA Effective Interest Rate on Debt % Calculation

Take Off 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 * -0.264	/	( (11.632	+	10.218)	/ 2 )
=	-1 * -0.264	/	10.925
=	2.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.848	+	4.784
=	11.632

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.481	+	4.737
=	10.218

Take Off 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 * -0.254	/	( (12.985	+	10.218)	/ 2 )
=	-1 * -0.254	/	11.6015
=	2.19 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.265	+	4.72
=	12.985

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.481	+	4.737
=	10.218

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.

Take Off SpA (MIL:TKF) Effective Interest Rate on Debt % Explanation

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

Take Off SpA Effective Interest Rate on Debt % Related Terms

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Take Off SpA (MIL:TKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Take Off SpA (MIL:TKF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Montenapoleone 8, Milan, ITA, 20121

Website

https://www.takeoffoutlet.com

Take Off SpA is engaged in the operations of clothing stores in Italy. The company offers women's clothes, men's clothes and accessories.

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