Titan Cement International (XBRU:TITC) Effective Interest Rate on Debt % : 4.93% (As of Dec. 2023)

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What is Titan Cement International 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. Titan Cement International's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €44 Mil. Titan Cement International's average total debt for the quarter that ended in Dec. 2023 was €894 Mil. Therefore, Titan Cement International's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.93%.

Titan Cement International Effective Interest Rate on Debt % Historical Data

The historical data trend for Titan Cement International'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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Titan Cement International Effective Interest Rate on Debt % Chart

Titan Cement International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.55

5.49

4.47

4.95

5.18

Titan Cement International Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											6.81	-	4.93	4.93	4.74

Competitive Comparison of Titan Cement International's Effective Interest Rate on Debt %

For the Building Materials subindustry, Titan Cement International'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.

Titan Cement International's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan Cement International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Titan Cement International's Effective Interest Rate on Debt % falls into.

Titan Cement International Effective Interest Rate on Debt % Calculation

Titan Cement International'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 * -47.604	/	( (902.964	+	934.389)	/ 2 )
=	-1 * -47.604	/	918.6765
=	5.18 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	763.598	+	139.366
=	902.964

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	541.025	+	393.364
=	934.389

Titan Cement International'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 * -44.02	/	( (852.745	+	934.389)	/ 2 )
=	-1 * -44.02	/	893.567
=	4.93 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	752.791	+	99.954
=	852.745

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	541.025	+	393.364
=	934.389

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.

Titan Cement International (XBRU:TITC) Effective Interest Rate on Debt % Explanation

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

Titan Cement International Effective Interest Rate on Debt % Related Terms

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Titan Cement International (XBRU:TITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Titan Cement International SA (XBRU:TITC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TTCIF:USA TITC:Greece TCJ:Germany

Address

Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040

Website

https://www.titan-cement.com

Titan Cement International SA and its subsidiaries are engaged in the production, trade, and distribution of a wide range of construction materials, including cement, concrete, aggregates, cement blocks, dry mortars and fly ash. Its Geographical operating segment includes Greece and Western Europe; North America; South Eastern Europe and Eastern Mediterranean. The company derives a majority of revenue from North America.

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