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Spindox SpA (MIL:SPN) Effective Interest Rate on Debt % : 10.93% (As of Dec. 2023)


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What is Spindox 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. Spindox SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €2.01 Mil. Spindox SpA's average total debt for the quarter that ended in Dec. 2023 was €18.43 Mil. Therefore, Spindox SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.93%.

Spindox SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Spindox 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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Spindox SpA Effective Interest Rate on Debt % Chart

Spindox SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
4.12 5.00 4.27 5.72 9.63

Spindox SpA Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 4.15 7.51 8.91 10.93

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

For the Information Technology Services subindustry, Spindox 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.

Spindox SpA's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Spindox SpA's Effective Interest Rate on Debt % distribution charts can be found below:

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


Spindox SpA Effective Interest Rate on Debt % Calculation

Spindox 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  *  -1.757/( (16.663+19.829)/ 2 )
=-1  *  -1.757/18.246
=9.63 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.835 + 6.828
=16.663

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.931 + 10.898
=19.829

Spindox 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  *  -2.014/( (17.023+19.829)/ 2 )
=-1  *  -2.014/18.426
=10.93 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.081 + 6.942
=17.023

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.931 + 10.898
=19.829

* 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.

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.

Spindox SpA  (MIL:SPN) Effective Interest Rate on Debt % Explanation

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

Spindox SpA Effective Interest Rate on Debt % Related Terms

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Spindox SpA (MIL:SPN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Spindox SpA (MIL:SPN) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
MIL:RETI MIL:CIRC MIL:VNT MIL:FOS MIL:ITW MIL:NRST MIL:XPR MIL:BWZ MIL:MPT MIL:AIW ACN NSE:TCS IBM FI NSE:INFY NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
N/A
Address
via Bisceglie 76, Milan, ITA, 20152
Website
https://www.spindox.it
Spindox SpA operates in the Information and Communication Technology services and products market. It offers consulting, IT and network engineering services, AI technological solutions, and research support in the Italian market.

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