Aegean Airlines (ATH:AEGN) Effective Interest Rate on Debt % : 6.12% (As of Dec. 2023)

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What is Aegean Airlines 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. Aegean Airlines's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €68 Mil. Aegean Airlines's average total debt for the quarter that ended in Dec. 2023 was €1,116 Mil. Therefore, Aegean Airlines's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.12%.

Aegean Airlines Effective Interest Rate on Debt % Historical Data

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

Aegean Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.15

4.11

3.78

4.79

6.23

Aegean Airlines 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															3.79	3.53	5.81	6.07	6.12

Competitive Comparison of Aegean Airlines's Effective Interest Rate on Debt %

For the Airlines subindustry, Aegean Airlines'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.

Aegean Airlines's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's Effective Interest Rate on Debt % distribution charts can be found below:

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

Aegean Airlines Effective Interest Rate on Debt % Calculation

Aegean Airlines'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 * -66.237	/	( (1005.504	+	1121.529)	/ 2 )
=	-1 * -66.237	/	1063.5165
=	6.23 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	872.936	+	132.568
=	1005.504

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1003.09	+	118.439
=	1121.529

Aegean Airlines'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 * -68.318	/	( (1109.687	+	1121.529)	/ 2 )
=	-1 * -68.318	/	1115.608
=	6.12 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1002.782	+	106.905
=	1109.687

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1003.09	+	118.439
=	1121.529

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.

Aegean Airlines (ATH:AEGN) Effective Interest Rate on Debt % Explanation

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

Aegean Airlines Effective Interest Rate on Debt % Related Terms

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Aegean Airlines (ATH:AEGN) Business Description

Industry

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Traded in Other Exchanges

32A:Germany

Address

Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019

Website

https://www.aegeanair.com

Aegean Airlines SA is Greece's largest airline provider. It transports passengers and goods through scheduled (majority of total revenue) and chartered flights. The company has partnerships with other airlines to offer a worldwide reach. Flights are primarily short- or medium-haul, and the company has improved accessibility to Greece's islands. Additionally, it offers services related to air transportation, technical support, and ground handling amenities. The ancillary services related to flights comprise roughly 10% of total revenue. Aegean has one operating segment, air transportation, aligned with its single route network. Approximately half of total passenger traffic derives from routes within Greece.