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Cates Elektrik Uretim AS (IST:CATES) Effective Interest Rate on Debt % : 33.92% (As of Sep. 2023)


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What is Cates Elektrik Uretim AS 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. Cates Elektrik Uretim AS's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₺866 Mil. Cates Elektrik Uretim AS's average total debt for the quarter that ended in Sep. 2023 was ₺2,554 Mil. Therefore, Cates Elektrik Uretim AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 33.92%.

Cates Elektrik Uretim AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Cates Elektrik Uretim AS'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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Cates Elektrik Uretim AS Effective Interest Rate on Debt % Chart

Cates Elektrik Uretim AS Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
16.82 10.83 18.54

Cates Elektrik Uretim AS Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 38.78 - 33.92

Competitive Comparison of Cates Elektrik Uretim AS's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, Cates Elektrik Uretim AS'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.

Cates Elektrik Uretim AS's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cates Elektrik Uretim AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cates Elektrik Uretim AS's Effective Interest Rate on Debt % falls into.


Cates Elektrik Uretim AS Effective Interest Rate on Debt % Calculation

Cates Elektrik Uretim AS'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  *  -428/( (2283.977+2333.79)/ 2 )
=-1  *  -428/2308.8835
=18.54 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2237.063 + 46.914
=2283.977

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2322.717 + 11.073
=2333.79

Cates Elektrik Uretim AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -866.308/( (2508.957+2599.116)/ 2 )
=-1  *  -866.308/2554.0365
=33.92 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=145.471 + 2363.486
=2508.957

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=164.167 + 2434.949
=2599.116

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

Cates Elektrik Uretim AS  (IST:CATES) Effective Interest Rate on Debt % Explanation

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

Cates Elektrik Uretim AS Effective Interest Rate on Debt % Related Terms

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Cates Elektrik Uretim AS (IST:CATES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
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Address
Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR
Website
https://www.cates.com.tr
Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

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