Evonik Industries AG (XTER:EVK) Effective Interest Rate on Debt % : 4.71% (As of Mar. 2024)

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What is Evonik Industries AG 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. Evonik Industries AG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €200 Mil. Evonik Industries AG's average total debt for the quarter that ended in Mar. 2024 was €4,247 Mil. Therefore, Evonik Industries AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.71%.

Evonik Industries AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Evonik Industries AG'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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Evonik Industries AG Effective Interest Rate on Debt % Chart

Evonik Industries AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.31

4.12

3.45

3.10

5.76

Evonik Industries AG 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															4.26	-	-	8.95	4.71

Competitive Comparison of Evonik Industries AG's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Evonik Industries AG'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.

Evonik Industries AG's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Evonik Industries AG's Effective Interest Rate on Debt % distribution charts can be found below:

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

Evonik Industries AG Effective Interest Rate on Debt % Calculation

Evonik Industries AG'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 * -244	/	( (4225	+	4247)	/ 2 )
=	-1 * -244	/	4236
=	5.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4041	+	184
=	4225

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3295	+	952
=	4247

Evonik Industries AG'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 * -200	/	( (4247	+	0)	/ 1 )
=	-1 * -200	/	4247
=	4.71 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3295	+	952
=	4247

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Evonik Industries AG (XTER:EVK) Effective Interest Rate on Debt % Explanation

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

Evonik Industries AG Effective Interest Rate on Debt % Related Terms

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Evonik Industries AG (XTER:EVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Evonik Industries AG (XTER:EVK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EVKIY:USA EVKIF:USA EVK:Italy EVKd:UK 0QDS:UK EVKA:Germany EVK:Germany EVK:Germany EVK:Germany EVK:Austria

Address

Rellinghauser Strasse 1-11, Essen, NW, DEU, 45128

Website

https://www.evonik.com

Evonik Industries is a German chemical company offering a mix of speciality and commodity chemical products. It has a number-one to -three market position in 80% of its businesses. Around 45% of sales are generated in Europe, while the key markets of North America and Asia account for 25% and 20% of sales, respectively. The company is organized into four major segments: specialty additives, smart materials, nutrition and care, and performance materials.

Executives

Maike Schuh	Board of Directors
Dr. Cornelius Baur	Supervisory Board
Thomas Wessel	Board of Directors
Christian Kullmann	Board of Directors
Ute Wolf	Board of Directors

Evonik Industries AG (XTER:EVK) Headlines

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