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Sodas Sodyumnayii AS (IST:SODSN) Effective Interest Rate on Debt % : 116.76% (As of Dec. 2023)


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What is Sodas Sodyumnayii 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. Sodas Sodyumnayii AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₺1.5 Mil. Sodas Sodyumnayii AS's average total debt for the quarter that ended in Dec. 2023 was ₺1.3 Mil. Therefore, Sodas Sodyumnayii AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 116.76%.


Sodas Sodyumnayii AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Sodas Sodyumnayii 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.

* Premium members only.

Sodas Sodyumnayii AS Effective Interest Rate on Debt % Chart

Sodas Sodyumnayii AS 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 23.79 193.52 476.08 364.01 116.76

Sodas Sodyumnayii AS Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.79 193.52 476.08 364.01 116.76

Competitive Comparison of Sodas Sodyumnayii AS's Effective Interest Rate on Debt %

For the Chemicals subindustry, Sodas Sodyumnayii 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.


Sodas Sodyumnayii AS's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sodas Sodyumnayii AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sodas Sodyumnayii AS's Effective Interest Rate on Debt % falls into.



Sodas Sodyumnayii AS Effective Interest Rate on Debt % Calculation

Sodas Sodyumnayii AS'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  *  -1.508/( (1.441+1.142)/ 2 )
=-1  *  -1.508/1.2915
=116.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.053 + 0.388
=1.441

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.659 + 0.483
=1.142

Sodas Sodyumnayii AS'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: Dec. 2022 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1.508/( (1.441+1.142)/ 2 )
=-1  *  -1.508/1.2915
=116.76 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.053 + 0.388
=1.441

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.659 + 0.483
=1.142

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


Sodas Sodyumnayii AS  (IST:SODSN) Effective Interest Rate on Debt % Explanation

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


Sodas Sodyumnayii AS Effective Interest Rate on Debt % Related Terms

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Sodas Sodyumnayii AS (IST:SODSN) Business Description

Traded in Other Exchanges
N/A
Address
1476 Sokak No, 2 Aksoy Residence Ka, 13/A Daire:42, Alsancak, TUR, 34330
Sodas Sodyum Sanayii AS produces and sells sodium sulfate in Turkey. Its products are used in natural detergents, glass, and paper and textile industries.

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