Maytronics (XTAE:MTRN) Effective Interest Rate on Debt % : 13.97% (As of Mar. 2025)

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What is Maytronics 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. Maytronics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ₪156 Mil. Maytronics's average total debt for the quarter that ended in Mar. 2025 was ₪1,114 Mil. Therefore, Maytronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 13.97%.

Maytronics Effective Interest Rate on Debt % Historical Data

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

Maytronics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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2.80

2.03

3.11

5.97

6.07

Maytronics Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.27	16.76	13.27	-8.76	13.97

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

For the Consumer Electronics subindustry, Maytronics'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.

Maytronics's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Maytronics's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Maytronics Effective Interest Rate on Debt % Calculation

Maytronics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -61.992	/	( (995.818	+	1047.528)	/ 2 )
=	-1 * -61.992	/	1021.673
=	6.07 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	323.046	+	672.772
=	995.818

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	408.275	+	639.253
=	1047.528

Maytronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -155.692	/	( (1047.528	+	1180.745)	/ 2 )
=	-1 * -155.692	/	1114.1365
=	13.97 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	408.275	+	639.253
=	1047.528

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	414.562	+	766.183
=	1180.745

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Maytronics (XTAE:MTRN) Effective Interest Rate on Debt % Explanation

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

Maytronics Effective Interest Rate on Debt % Related Terms

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Maytronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Maytronics Ltd (XTAE:MTRN) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Kibbutz Yizreel, Jezreel, ISR, 19350

Website

https://www.maytronics.co.il

Maytronics Ltd is an Israel-based company which provides a complete solution for swimming pool care. It delivers automatic pool cleaners, environment-friendly water treatment systems, and pool safety products to residential and commercial swimming pool owners and operators across the world. The company's product brands are Dolphin line of robotic pool cleaners, the AQUAlife pool covers and Aqualarm and Espio pool alarms. Its operating segment includes Manufacturing of private pool cleaning robots as a key revenue driver; Manufacturing of public pool cleaning robots and Safety products and related pool products.