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Grupo Assa (XPTY:ASSA) Effective Interest Rate on Debt % : 13.96% (As of Mar. 2024)


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What is Grupo Assa 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. Grupo Assa's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $76.4 Mil. Grupo Assa's average total debt for the quarter that ended in Mar. 2024 was $547.7 Mil. Therefore, Grupo Assa's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.96%.


Grupo Assa Effective Interest Rate on Debt % Historical Data

The historical data trend for Grupo Assa'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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Grupo Assa Effective Interest Rate on Debt % Chart

Grupo Assa 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 8.32 8.82 9.27 9.94 12.30

Grupo Assa 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 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 11.00 12.31 13.41 13.79 13.96

Competitive Comparison of Grupo Assa's Effective Interest Rate on Debt %

For the Insurance - Diversified subindustry, Grupo Assa'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.


Grupo Assa's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Grupo Assa's Effective Interest Rate on Debt % distribution charts can be found below:

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



Grupo Assa Effective Interest Rate on Debt % Calculation

Grupo Assa'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  *  -68.662/( (565.041+551.495)/ 2 )
=-1  *  -68.662/558.268
=12.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=209.94 + 355.101
=565.041

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=162.699 + 388.796
=551.495

Grupo Assa'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  *  -76.436/( (551.495+543.845)/ 2 )
=-1  *  -76.436/547.67
=13.96 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=162.699 + 388.796
=551.495

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=92.58 + 451.265
=543.845

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


Grupo Assa  (XPTY:ASSA) Effective Interest Rate on Debt % Explanation

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


Grupo Assa Effective Interest Rate on Debt % Related Terms

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Grupo Assa (XPTY:ASSA) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Nicanor de Obarrio Avenue (Calle 50), PO Box 0816-01622, ASSA Building, between Calles 56 and 57, Panama, PAN
Grupo Assa SA is engaged in the operations of insurance business, banking operations, financial activities and investment operations.

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