GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » IRB Brasil Resseguros SA (BSP:IRBR3) » Definitions » Effective Interest Rate on Debt %

IRB Brasil Resseguros (BSP:IRBR3) Effective Interest Rate on Debt % : -47.15% (As of Dec. 2023)


View and export this data going back to 2017. Start your Free Trial

What is IRB Brasil Resseguros 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. IRB Brasil Resseguros's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R$-387.00 Mil. IRB Brasil Resseguros's average total debt for the quarter that ended in Dec. 2023 was R$820.77 Mil. Therefore, IRB Brasil Resseguros's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -47.15%.


IRB Brasil Resseguros Effective Interest Rate on Debt % Historical Data

The historical data trend for IRB Brasil Resseguros'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.

* Premium members only.

IRB Brasil Resseguros Effective Interest Rate on Debt % Chart

IRB Brasil Resseguros 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 - 127.21 104.40 6.21 0.84

IRB Brasil Resseguros Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -37.05 15.64 12.70 12.98 -47.15

Competitive Comparison of IRB Brasil Resseguros's Effective Interest Rate on Debt %

For the Insurance - Reinsurance subindustry, IRB Brasil Resseguros'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.


IRB Brasil Resseguros's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, IRB Brasil Resseguros's Effective Interest Rate on Debt % distribution charts can be found below:

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



IRB Brasil Resseguros Effective Interest Rate on Debt % Calculation

IRB Brasil Resseguros'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  *  -6.295/( (929.269+571.105)/ 2 )
=-1  *  -6.295/750.187
=0.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=929.269 + 0
=929.269

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=571.105 + 0
=571.105

IRB Brasil Resseguros'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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  387.004/( (1070.444+571.105)/ 2 )
=-1  *  387.004/820.7745
=-47.15 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1070.444 + 0
=1070.444

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=571.105 + 0
=571.105

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


IRB Brasil Resseguros  (BSP:IRBR3) Effective Interest Rate on Debt % Explanation

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


IRB Brasil Resseguros Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of IRB Brasil Resseguros's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


IRB Brasil Resseguros (BSP:IRBR3) Business Description

Traded in Other Exchanges
N/A
Address
Avenida Marechal Camara, 171-Castelo, Rio de Janeiro, RJ, BRA, 20020901
IRB Brasil Resseguros SA is a Brazil-based company provides reinsurance solutions. It offers reinsurance solutions for aviation, engineering, surety, financial, oil and gas, property, casualty, agricultural, cargo and marine, life and pension, and miscellaneous. The group offers solutions in both Brazil and international regions.

IRB Brasil Resseguros (BSP:IRBR3) Headlines

No Headlines