Itaconix (STU:18G0) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Itaconix 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. Itaconix's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €0.00 Mil. Itaconix's average total debt for the quarter that ended in Jun. 2024 was €2.00 Mil. Therefore, Itaconix's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.00%.

Itaconix Effective Interest Rate on Debt % Historical Data

The historical data trend for Itaconix'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.

* Premium members only.

Itaconix Effective Interest Rate on Debt % Chart

Itaconix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

Itaconix Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Itaconix's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Itaconix'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.

Itaconix's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

Itaconix Effective Interest Rate on Debt % Calculation

Itaconix'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	/	( (0.282	+	2.051)	/ 2 )
=	-1 * 0	/	1.1665
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.112	+	0.17
=	0.282

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.795	+	0.256
=	2.051

Itaconix'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 * 0	/	( (2.051	+	1.956)	/ 2 )
=	-1 * 0	/	2.0035
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.795	+	0.256
=	2.051

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.701	+	0.255
=	1.956

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.

Itaconix (STU:18G0) Effective Interest Rate on Debt % Explanation

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

Itaconix Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Itaconix's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Itaconix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Itaconix PLC (STU:18G0) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ITX:UK ITX:UK

Address

2 Marin Way, Unit 1, Stratham, NH, USA, 03885

Website

https://www.itaconix.com

Itaconix PLC is developing and producing bio-based polymers from itaconic acid. The company products are used in the safety of home care, personal care, and industrial sectors. Geographically, it derives the majority of its revenue from North America and also has a presence in Europe. The Company has two business segments which include Performance Ingredients develops, produces, and sells proprietary specialty polymers that are used as functional ingredients to meet customers' needs in cleaning, beauty, and hygiene products. Formulation Solutions provides technical services and ingredient supplies for formulated products developed for customers based on Performance Ingredients.

Itaconix Headlines

No Headlines