NKRKY (Nokian Tyres) Effective Interest Rate on Debt % : 4.57% (As of Sep. 2024)

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What is Nokian Tyres 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. Nokian Tyres's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $44 Mil. Nokian Tyres's average total debt for the quarter that ended in Sep. 2024 was $951 Mil. Therefore, Nokian Tyres's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.57%.

Nokian Tyres Effective Interest Rate on Debt % Historical Data

The historical data trend for Nokian Tyres'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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Nokian Tyres Effective Interest Rate on Debt % Chart

Nokian Tyres Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.45

2.32

1.87

2.04

4.89

Nokian Tyres Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.18	1.59	3.28	3.89	4.57

Competitive Comparison of Nokian Tyres's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Nokian Tyres'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.

Nokian Tyres's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Effective Interest Rate on Debt % distribution charts can be found below:

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

Nokian Tyres Effective Interest Rate on Debt % Calculation

Nokian Tyres'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 * -27.372	/	( (423.623	+	696.183)	/ 2 )
=	-1 * -27.372	/	559.903
=	4.89 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	213.136	+	210.487
=	423.623

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	540.349	+	155.834
=	696.183

Nokian Tyres's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -43.508	/	( (834.984	+	1067.369)	/ 2 )
=	-1 * -43.508	/	951.1765
=	4.57 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	640.151	+	194.833
=	834.984

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	824.861	+	242.508
=	1067.369

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

Nokian Tyres (OTCPK:NKRKY) Effective Interest Rate on Debt % Explanation

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

Nokian Tyres Effective Interest Rate on Debt % Related Terms

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Nokian Tyres Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (OTCPK:NKRKY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NKRKF:USA 1TYRES:Italy TYRESh:UK 0FFY:UK TYRES:Finland NRE:Germany NRE1:Austria

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres PLC develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The Passenger car tyres segment generates the majority of revenue.