Hexagon AB (Hexagon AB) Effective Interest Rate on Debt % : 4.57% (As of Mar. 2024)

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What is Hexagon AB 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. Hexagon AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $198 Mil. Hexagon AB's average total debt for the quarter that ended in Mar. 2024 was $4,324 Mil. Therefore, Hexagon AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.57%.

Hexagon AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Hexagon AB'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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Hexagon AB Effective Interest Rate on Debt % Chart

Hexagon AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.97

0.96

0.68

1.02

3.93

Hexagon AB 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															3.09	3.68	4.30	3.75	4.57

Competitive Comparison of Hexagon AB's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Hexagon AB'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.

Hexagon AB's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Hexagon AB Effective Interest Rate on Debt % Calculation

Hexagon AB'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 * -168.048	/	( (4103.919	+	4452.999)	/ 2 )
=	-1 * -168.048	/	4278.459
=	3.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3366.419	+	737.5
=	4103.919

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3253.762	+	1199.237
=	4452.999

Hexagon AB'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 * -197.828	/	( (4452.999	+	4195.653)	/ 2 )
=	-1 * -197.828	/	4324.326
=	4.57 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3253.762	+	1199.237
=	4452.999

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3304.457	+	891.196
=	4195.653

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.

Hexagon AB (OTCPK:HXGBY) Effective Interest Rate on Debt % Explanation

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

Hexagon AB Effective Interest Rate on Debt % Related Terms

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Hexagon AB (Hexagon AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hexagon AB (OTCPK:HXGBY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

HXGBF:USA HEXA B:Sweden HEXABs:UK HXG:Germany

Address

Lilla Bantorget 15, Stockholm, SWE, SE-111 23

Website

https://www.hexagon.com

Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.