Akoustis Technologies (FRA:AVH) Effective Interest Rate on Debt % : 6.73% (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Akoustis Technologies 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. Akoustis Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €2.74 Mil. Akoustis Technologies's average total debt for the quarter that ended in Mar. 2024 was €40.74 Mil. Therefore, Akoustis Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.73%.

Akoustis Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Akoustis Technologies'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.

Akoustis Technologies Effective Interest Rate on Debt % Chart

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

19.70

21.74

39.36

0.34

5.08

Akoustis Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.52	3.21	4.38	6.11	6.73

Competitive Comparison of Akoustis Technologies's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Akoustis Technologies'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.

Akoustis Technologies's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Akoustis Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Akoustis Technologies Effective Interest Rate on Debt % Calculation

Akoustis Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -2.143	/	( (42.433	+	41.931)	/ 2 )
=	-1 * -2.143	/	42.182
=	5.08 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.137	+	0.296
=	42.433

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.526	+	0.405
=	41.931

Akoustis Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -2.74	/	( (40.525	+	40.953)	/ 2 )
=	-1 * -2.74	/	40.739
=	6.73 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.087	+	0.438
=	40.525

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.961	+	1.992
=	40.953

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Akoustis Technologies (FRA:AVH) Effective Interest Rate on Debt % Explanation

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

Akoustis Technologies Effective Interest Rate on Debt % Related Terms

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

Akoustis Technologies (FRA:AVH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (FRA:AVH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AKTS:USA AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

Akoustis Technologies (FRA:AVH) Headlines

No Headlines