Miko NV (XBRU:MIKO) Effective Interest Rate on Debt % : 3.49% (As of Jun. 2023)

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What is Miko NV 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. Miko NV's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €2.3 Mil. Miko NV's average total debt for the quarter that ended in Jun. 2023 was €65.2 Mil. Therefore, Miko NV's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.49%.

Miko NV Effective Interest Rate on Debt % Historical Data

The historical data trend for Miko NV'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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Miko NV Effective Interest Rate on Debt % Chart

Miko NV Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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1.12

1.41

1.20

1.81

1.86

Miko NV Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.18	2.02	2.77	0.89	3.49

Competitive Comparison of Miko NV's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Miko NV'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.

Miko NV's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Miko NV's Effective Interest Rate on Debt % distribution charts can be found below:

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

Miko NV Effective Interest Rate on Debt % Calculation

Miko NV's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.15	/	( (63.869	+	59.652)	/ 2 )
=	-1 * -1.15	/	61.7605
=	1.86 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.851	+	15.018
=	63.869

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.127	+	12.525
=	59.652

Miko NV's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -2.278	/	( (59.652	+	70.744)	/ 2 )
=	-1 * -2.278	/	65.198
=	3.49 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.127	+	12.525
=	59.652

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59.477	+	11.267
=	70.744

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

Miko NV (XBRU:MIKO) Effective Interest Rate on Debt % Explanation

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

Miko NV Effective Interest Rate on Debt % Related Terms

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Miko NV (XBRU:MIKO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Miko NV (XBRU:MIKO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Steenweg op Mol 177, Turnhout, BEL, B-2300

Website

https://www.mikocoffee.com

Miko NV is involved in the business of producing and distributing coffee and plastic packaging. The company also manages its subsidiaries in European countries and Australia as well as sells its coffee concepts via independent distributors in countries across Europe and beyond. The various national subsidiaries within the coffee division all focus on the market segments of office coffee, the hospitality sector and health care. It mainly operates in Belgium, England, Germany, New Zealand, France and others.

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