Pattern SpA (MIL:PTR) Effective Interest Rate on Debt % : 3.01% (As of Dec. 2023)

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What is Pattern 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. Pattern SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.8 Mil. Pattern SpA's average total debt for the quarter that ended in Dec. 2023 was €28.1 Mil. Therefore, Pattern SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.01%.

Pattern SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Pattern 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.

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Pattern SpA Effective Interest Rate on Debt % Chart

Pattern SpA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.81

1.12

0.57

0.95

2.64

Pattern SpA Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.59	0.67	1.19	2.17	3.01

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

For the Apparel Manufacturing subindustry, Pattern 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.

Pattern SpA's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pattern SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pattern SpA Effective Interest Rate on Debt % Calculation

Pattern 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 * -0.757	/	( (31.562	+	25.895)	/ 2 )
=	-1 * -0.757	/	28.7285
=	2.64 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.91	+	7.652
=	31.562

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.888	+	8.007
=	25.895

Pattern 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 * -0.844	/	( (30.24	+	25.895)	/ 2 )
=	-1 * -0.844	/	28.0675
=	3.01 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.938	+	8.302
=	30.24

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.888	+	8.007
=	25.895

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.

Pattern SpA (MIL:PTR) Effective Interest Rate on Debt % Explanation

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

Pattern SpA Effective Interest Rate on Debt % Related Terms

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Pattern SpA (MIL:PTR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pattern SpA (MIL:PTR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Italia, 6/A10093, Collegno, Torino, ITA

Website

https://www.pattern.it

Pattern SpA is an Italy based company focused on the apparels industry. Its business process comprises of Pattern and Garment Engineering, Prototyping and Sampling and Manufacturing and Producing of Garments.

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