MNGA (MNG Havayollari ve Tasimacilik AS) Effective Interest Rate on Debt %: 4.79% (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Effective Interest Rate on Debt %?

MNG Havayollari ve Tasimacilik AS MNGA Effective Interest Rate on Debt % is 4.79% as of Dec. 2022.

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. MNG Havayollari ve Tasimacilik AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $4.12 Mil. MNG Havayollari ve Tasimacilik AS's average total debt for the quarter that ended in Dec. 2022 was $86.06 Mil. Therefore, MNG Havayollari ve Tasimacilik AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 4.79%.


MNG Havayollari ve Tasimacilik AS  (NYSE:MNGA) Effective Interest Rate on Debt % Explanation

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


MNG Havayollari ve Tasimacilik AS Effective Interest Rate on Debt % Related Terms


MNG Havayollari ve Tasimacilik AS Effective Interest Rate on Debt % Historical Data

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The historical data trend for MNG Havayollari ve Tasimacilik AS'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.

MNG Havayollari ve Tasimacilik AS Effective Interest Rate on Debt % Chart

MNG Havayollari ve Tasimacilik AS Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
4.52 5.26 4.66

MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20 Dec21 Sep22 Dec22
Effective Interest Rate on Debt % 0.00 4.88 0.00 4.79

MNGA vs : Effective Interest Rate on Debt % Comparison

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.


MNG Havayollari ve Tasimacilik AS Effective Interest Rate on Debt % vs Transportation Industry

For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Effective Interest Rate on Debt % falls into.



MNG Havayollari ve Tasimacilik AS Effective Interest Rate on Debt % Calculation

MNG Havayollari ve Tasimacilik AS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -4.416/( (106.926+82.542)/ 2 )
=-1  *  -4.416/94.734
=4.66 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=53.368 + 53.558
=106.926

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54.487 + 28.055
=82.542

MNG Havayollari ve Tasimacilik AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -4.12/( (89.575+82.542)/ 2 )
=-1  *  -4.12/86.0585
=4.79 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=56.044 + 33.531
=89.575

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=54.487 + 28.055
=82.542

* 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 four times the quarterly (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 4.79% mean?
MNG Havayollari ve Tasimacilik AS (MNGA) has a Effective Interest Rate on Debt % of 4.79% as of Dec. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's Effective Interest Rate on Debt % too high?
MNG Havayollari ve Tasimacilik AS's current Effective Interest Rate on Debt % is 4.79%.
How does MNG Havayollari ve Tasimacilik AS's Effective Interest Rate on Debt % compare to ?
MNG Havayollari ve Tasimacilik AS's Effective Interest Rate on Debt % of 4.79% can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Transportation company?
A good Effective Interest Rate on Debt % depends on the Transportation industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors. MNG Havayollari ve Tasimacilik AS's current Effective Interest Rate on Debt % is 4.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current Effective Interest Rate on Debt % of 4.79%. The current Effective Interest Rate on Debt % is 4.79%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For MNG Havayollari ve Tasimacilik AS (MNGA), the current Effective Interest Rate on Debt % is 4.79% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

MNG Havayollari ve Tasimacilik AS Business Description

Comparable Companies
Address WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.