Italgas SpA (MIL:IG) Effective Interest Rate on Debt % : 1.19% (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Italgas SpA 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. Italgas SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €83 Mil. Italgas SpA's average total debt for the quarter that ended in Dec. 2023 was €6,955 Mil. Therefore, Italgas SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.19%.

Italgas SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Italgas SpA'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.

Italgas SpA Effective Interest Rate on Debt % Chart

Italgas SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.42

0.91

0.80

1.33

Italgas SpA Semi-Annual Data
	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										0.73	0.75	0.86	1.43	1.19

Competitive Comparison of Italgas SpA's Effective Interest Rate on Debt %

For the Utilities - Regulated Gas subindustry, Italgas SpA'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.

Italgas SpA's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Italgas SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Italgas SpA Effective Interest Rate on Debt % Calculation

Italgas SpA'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 * -89.725	/	( (6545.35	+	6920.356)	/ 2 )
=	-1 * -89.725	/	6732.853
=	1.33 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6402.913	+	142.437
=	6545.35

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5886.922	+	1033.434
=	6920.356

Italgas SpA'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 * -82.79	/	( (6990.106	+	6920.356)	/ 2 )
=	-1 * -82.79	/	6955.231
=	1.19 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6475.863	+	514.243
=	6990.106

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5886.922	+	1033.434
=	6920.356

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.

Italgas SpA (MIL:IG) Effective Interest Rate on Debt % Explanation

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

Italgas SpA Effective Interest Rate on Debt % Related Terms

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

Italgas SpA (MIL:IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Italgas SpA (MIL:IG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ITGGF:USA IGm:UK 0RK1:UK I10:Germany

Address

Via Carlo Bo 11, Milano, ITA, 20143

Website

https://www.italgas.it

Italgas SpA is an Italy-based company engaged in the business of natural gas distribution. The distribution service consists of transporting gas through local pipeline networks, from points of delivery at the reduction and measurement stations interconnected with the transport networks up to the final delivery points to customers. In addition, the company is also engaged in metering activities, which consist of determining, gathering, making available, and archiving metering data on natural gas withdrawn over the distribution networks. It derives a majority of the revenue from natural gas distribution activity. The other activities of the company are the distribution and sale of water and providing technical, engineering, IT assistance, and other services.

Italgas SpA (MIL:IG) Headlines

From GuruFocus

Top 5 2nd Quarter Trades of Oxinas Partners Wealth Management LLC

By GuruFocus Research GuruFocus Editor • 07-15-2022