Grupul Industrial Electrocontact (BSE:ECT) Effective Interest Rate on Debt % : 0.74% (As of Jun. 2023)

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What is Grupul Industrial Electrocontact 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. Grupul Industrial Electrocontact's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was lei0.00 Mil. Grupul Industrial Electrocontact's average total debt for the quarter that ended in Jun. 2023 was lei0.27 Mil. Therefore, Grupul Industrial Electrocontact's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.74%.

Grupul Industrial Electrocontact Effective Interest Rate on Debt % Historical Data

The historical data trend for Grupul Industrial Electrocontact'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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Grupul Industrial Electrocontact Effective Interest Rate on Debt % Chart

Grupul Industrial Electrocontact Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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0.70

0.36

0.74

Grupul Industrial Electrocontact Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	0.74	-	1.61	0.74

Competitive Comparison of Grupul Industrial Electrocontact's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Grupul Industrial Electrocontact'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.

Grupul Industrial Electrocontact's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grupul Industrial Electrocontact's Effective Interest Rate on Debt % distribution charts can be found below:

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

Grupul Industrial Electrocontact Effective Interest Rate on Debt % Calculation

Grupul Industrial Electrocontact's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.002	/	( (0.269	+	0.269)	/ 2 )
=	-1 * -0.002	/	0.269
=	0.74 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.269
=	0.269

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.269
=	0.269

Grupul Industrial Electrocontact's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.002	/	( (0.269	+	0.269)	/ 2 )
=	-1 * -0.002	/	0.269
=	0.74 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.269
=	0.269

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.269
=	0.269

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Grupul Industrial Electrocontact (BSE:ECT) Effective Interest Rate on Debt % Explanation

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

Grupul Industrial Electrocontact Effective Interest Rate on Debt % Related Terms

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Grupul Industrial Electrocontact (BSE:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grupul Industrial Electrocontact SA (BSE:ECT) » Definitions » Effective Interest Rate on Debt %

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Address

Calea Nationala nr. 6, Botosani, ROU, 710010

Website

http://www.electrocontact.ro

Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

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