Stockmann Oyj Abp (OHEL:0MW1) Effective Interest Rate on Debt % : 5.45% (As of Mar. 2024)

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What is Stockmann Oyj Abp 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. Stockmann Oyj Abp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €36.4 Mil. Stockmann Oyj Abp's average total debt for the quarter that ended in Mar. 2024 was €667.8 Mil. Therefore, Stockmann Oyj Abp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.45%.

Stockmann Oyj Abp Effective Interest Rate on Debt % Historical Data

The historical data trend for Stockmann Oyj Abp'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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Stockmann Oyj Abp Effective Interest Rate on Debt % Chart

Stockmann Oyj Abp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.99

4.61

2.36

3.91

5.24

Stockmann Oyj Abp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.19	5.42	4.99	5.62	5.45

Competitive Comparison of Stockmann Oyj Abp's Effective Interest Rate on Debt %

For the Department Stores subindustry, Stockmann Oyj Abp'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.

Stockmann Oyj Abp's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

* The bar in red indicates where Stockmann Oyj Abp's Effective Interest Rate on Debt % falls into.

Stockmann Oyj Abp Effective Interest Rate on Debt % Calculation

Stockmann Oyj Abp'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 * -33.6	/	( (622.3	+	659.1)	/ 2 )
=	-1 * -33.6	/	640.7
=	5.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	545	+	77.3
=	622.3

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	577.5	+	81.6
=	659.1

Stockmann Oyj Abp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -36.4	/	( (659.1	+	676.4)	/ 2 )
=	-1 * -36.4	/	667.75
=	5.45 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	577.5	+	81.6
=	659.1

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	592.5	+	83.9
=	676.4

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

Stockmann Oyj Abp (OHEL:0MW1) Effective Interest Rate on Debt % Explanation

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

Stockmann Oyj Abp Effective Interest Rate on Debt % Related Terms

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Stockmann Oyj Abp (OHEL:0MW1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Stockmann Oyj Abp (OHEL:0MW1) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

STOCKA:Finland

Address

Aleksanterinkatu 52, Helsinki, FIN, FI-00100

Website

https://www.stockmanngroup.com

Stockmann Oyj Abp is a retail trader based in Finland. It sells variants of products and operates under two divisions, which are Lindex and Stockmann. Stockmann has a further classification of Stockmann Retail and Real estate. Stockmann Retail includes non-food department store operations in Finland and non-food and food operations in the Baltic countries. It offers an extensive product range and customer service expertise in an international shopping environment. The Real Estate comprises the properties owned by the Group in Helsinki, St Petersburg, Tallinn, and Riga. The company operates its fashion chains segment through Lindex, which has a wide network of shops and e-commerce businesses throughout the European Union and Norway.

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