MOOV (Moove Lubricants Holdings) Effective Interest Rate on Debt %: 6.52% (As of Jun. 2024)


What is Moove Lubricants Holdings Effective Interest Rate on Debt %?

Moove Lubricants Holdings MOOV Effective Interest Rate on Debt % is 6.52% as of Jun. 2024.

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. Moove Lubricants Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $37.37 Mil. Moove Lubricants Holdings's average total debt for the quarter that ended in Jun. 2024 was $573.23 Mil. Therefore, Moove Lubricants Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.52%.

Moove Lubricants Holdings  (NYSE:MOOV) Effective Interest Rate on Debt % Explanation

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

Moove Lubricants Holdings Effective Interest Rate on Debt % Related Terms

Moove Lubricants Holdings Effective Interest Rate on Debt % Historical Data

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The historical data trend for Moove Lubricants Holdings'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.

Moove Lubricants Holdings Effective Interest Rate on Debt % Chart

Moove Lubricants Holdings Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.00 3.86 9.09

Moove Lubricants Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Effective Interest Rate on Debt % 0.00 0.00 8.54 9.84 6.52

MOOV vs : Effective Interest Rate on Debt % Comparison

For the Specialty Chemicals subindustry, Moove Lubricants Holdings'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.

Moove Lubricants Holdings Effective Interest Rate on Debt % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Moove Lubricants Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Moove Lubricants Holdings's Effective Interest Rate on Debt % falls into.


Moove Lubricants Holdings Effective Interest Rate on Debt % Calculation

Moove Lubricants Holdings'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  *  -48.593/( (577.555+491.182)/ 2 )
=-1  *  -48.593/534.3685
=9.09 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=467.912 + 109.643
=577.555

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=347.563 + 143.619
=491.182

Moove Lubricants Holdings'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  *  -37.368/( (491.182+655.279)/ 2 )
=-1  *  -37.368/573.2305
=6.52 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=347.563 + 143.619
=491.182

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=497.743 + 157.536
=655.279

* 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 (Jun. 2024) 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 6.52% mean?
Moove Lubricants Holdings (MOOV) has a Effective Interest Rate on Debt % of 6.52% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Moove Lubricants Holdings and its competitors.
Is Moove Lubricants Holdings' Effective Interest Rate on Debt % too high?
Moove Lubricants Holdings' current Effective Interest Rate on Debt % is 6.52%.
How does Moove Lubricants Holdings' Effective Interest Rate on Debt % compare to ?
Moove Lubricants Holdings' Effective Interest Rate on Debt % of 6.52% can be compared against companies in the Chemicals 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 Chemicals company?
A good Effective Interest Rate on Debt % depends on the Chemicals 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 Moove Lubricants Holdings and its competitors. Moove Lubricants Holdings's current Effective Interest Rate on Debt % is 6.52%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moove Lubricants Holdings stock overvalued right now?
Moove Lubricants Holdings (MOOV) has a current Effective Interest Rate on Debt % of 6.52%. The current Effective Interest Rate on Debt % is 6.52%. 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 Moove Lubricants Holdings (MOOV), the current Effective Interest Rate on Debt % is 6.52% as of Jun. 2024. 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.

Moove Lubricants Holdings Business Description

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Address Av. Brigadeiro Faria Lima, 4,100 - 8th Floor, Sao Paul, SP, BRA, 04538-132
Moove Lubricants Holdings is a lubricants solutions provider. The company specializes in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers.