Nueva Expresion Textil (XMAD:NXT) Effective Interest Rate on Debt % : 8.49% (As of Dec. 2023)

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What is Nueva Expresion Textil 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. Nueva Expresion Textil's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €5.44 Mil. Nueva Expresion Textil's average total debt for the quarter that ended in Dec. 2023 was €64.09 Mil. Therefore, Nueva Expresion Textil's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.49%.

Nueva Expresion Textil Effective Interest Rate on Debt % Historical Data

The historical data trend for Nueva Expresion Textil'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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Nueva Expresion Textil Effective Interest Rate on Debt % Chart

Nueva Expresion Textil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.18

6.06

4.84

6.03

9.15

Nueva Expresion Textil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.38	5.02	7.14	8.66	8.49

Competitive Comparison of Nueva Expresion Textil's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Nueva Expresion Textil'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.

Nueva Expresion Textil's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nueva Expresion Textil's Effective Interest Rate on Debt % distribution charts can be found below:

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

Nueva Expresion Textil Effective Interest Rate on Debt % Calculation

Nueva Expresion Textil'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 * -5.575	/	( (62.702	+	59.109)	/ 2 )
=	-1 * -5.575	/	60.9055
=	9.15 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.789	+	30.913
=	62.702

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.599	+	16.51
=	59.109

Nueva Expresion Textil'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -5.444	/	( (69.068	+	59.109)	/ 2 )
=	-1 * -5.444	/	64.0885
=	8.49 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.26	+	23.808
=	69.068

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.599	+	16.51
=	59.109

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

Nueva Expresion Textil (XMAD:NXT) Effective Interest Rate on Debt % Explanation

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

Nueva Expresion Textil Effective Interest Rate on Debt % Related Terms

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Nueva Expresion Textil (XMAD:NXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nueva Expresion Textil SA (XMAD:NXT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

0R6G:UK

Address

Pintor Domenech Farre 13-15, Barcelona, ESP, 08320

Website

http://www.dogi.com

Nueva Expresion Textil SA manufactures and sells fabrics. It offers lingerie, swimwear, and sportswear under the Cristal, Dazzling, Sari, Liquid, Dogitech, Winn, Cooper, and Invisible brand names.