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VitroB de CV (VitroB de CV) Effective Interest Rate on Debt % : -4.27% (As of Dec. 2023)


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What is VitroB de CV 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. VitroB de CV's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-20.8 Mil. VitroB de CV's average total debt for the quarter that ended in Dec. 2023 was $487.4 Mil. Therefore, VitroB de CV's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -4.27%.


VitroB de CV Effective Interest Rate on Debt % Historical Data

The historical data trend for VitroB de CV'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.

VitroB de CV Effective Interest Rate on Debt % Chart

VitroB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.17 4.38 3.32 4.14 8.09

VitroB de CV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.48 6.00 6.33 6.45 -4.27

Competitive Comparison of VitroB de CV's Effective Interest Rate on Debt %

For the Building Materials subindustry, VitroB de CV'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.


VitroB de CV's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, VitroB de CV's Effective Interest Rate on Debt % distribution charts can be found below:

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



VitroB de CV Effective Interest Rate on Debt % Calculation

VitroB de CV'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  *  -35.016/( (743.345+122.401)/ 2 )
=-1  *  -35.016/432.873
=8.09 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=608.355 + 134.99
=743.345

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.503 + 1.898
=122.401

VitroB de CV's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  20.796/( (852.363+122.401)/ 2 )
=-1  *  20.796/487.382
=-4.27 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=713.255 + 139.108
=852.363

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.503 + 1.898
=122.401

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


VitroB de CV  (OTCPK:VITOF) Effective Interest Rate on Debt % Explanation

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


VitroB de CV Effective Interest Rate on Debt % Related Terms

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VitroB de CV (VitroB de CV) Business Description

Traded in Other Exchanges
Address
Avenida Ricardo Margain Zozaya No. 400, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, MEX, 66265
Vitro SAB de CV is a glass manufacturing company. The company is principally engaged in the production, processing, distribution, and marketing range of glassware. Its reportable segment includes Flat glass; Chemicals and Glass containers. Flat glass is used for the construction and automotive industries, carbonate, and sodium bicarbonate products. Its Glass containers are used in precision components, as well as machinery and molds for the glass industry. The company derives the maximum revenue from the Flat Glass segment. Geographically, it generates a majority of its revenue from the USA.

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