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Munchener Ruckversicherungs-Gesellschaft AG (XTER:MUV2) Effective Interest Rate on Debt % : 3.67% (As of Sep. 2024)


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What is Munchener Ruckversicherungs-Gesellschaft 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. Munchener Ruckversicherungs-Gesellschaft AG's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €228 Mil. Munchener Ruckversicherungs-Gesellschaft AG's average total debt for the quarter that ended in Sep. 2024 was €6,212 Mil. Therefore, Munchener Ruckversicherungs-Gesellschaft AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.67%.


Munchener Ruckversicherungs-Gesellschaft AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Munchener Ruckversicherungs-Gesellschaft 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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Munchener Ruckversicherungs-Gesellschaft AG Effective Interest Rate on Debt % Chart

Munchener Ruckversicherungs-Gesellschaft AG 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 7.47 5.74 4.98 4.97 6.26

Munchener Ruckversicherungs-Gesellschaft AG Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.55 14.35 3.54 3.64 3.67

Competitive Comparison of Munchener Ruckversicherungs-Gesellschaft AG's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, Munchener Ruckversicherungs-Gesellschaft 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.


Munchener Ruckversicherungs-Gesellschaft AG's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Munchener Ruckversicherungs-Gesellschaft AG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Munchener Ruckversicherungs-Gesellschaft AG's Effective Interest Rate on Debt % falls into.



Munchener Ruckversicherungs-Gesellschaft AG Effective Interest Rate on Debt % Calculation

Munchener Ruckversicherungs-Gesellschaft 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  *  -296/( (4748+4713)/ 2 )
=-1  *  -296/4730.5
=6.26 %

where

Munchener Ruckversicherungs-Gesellschaft AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -228/( (6213+6211)/ 2 )
=-1  *  -228/6212
=3.67 %

where

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


Munchener Ruckversicherungs-Gesellschaft AG  (XTER:MUV2) Effective Interest Rate on Debt % Explanation

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


Munchener Ruckversicherungs-Gesellschaft AG Effective Interest Rate on Debt % Related Terms

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Munchener Ruckversicherungs-Gesellschaft AG Business Description

Address
Koniginstrasse 107, Munich, BY, DEU, 80802
Munich Re was founded in 1880 by Carl von Thieme amid a flurry of other reinsurance companies set up independent of primaries. Then, most reinsurers typically focused on a few customers with strong reputations. Thieme focused on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After von Thieme and Wilhelm von Finck founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection and insurance services, remains at the heart of the firm.
Executives
Clarisse Hervet ép. Kopff Board of Directors
Julia Christiane Jäkel-wickert Supervisory Board
Mari-lizette Malherbe Board of Directors
Dr. Achim Kassow Board of Directors
Dr. Markus Rieß Board of Directors
Dr. Christoph Jurecka Board of Directors
Stefan Golling Board of Directors
Gerd Rolf Häusler Supervisory Board
Dr. Thomas Blunck Board of Directors
Dr. Torsten Jeworrek Board of Directors
Dr. Joachim Wenning Board of Directors

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