Athena IT-Group AS (OCSE:ATHENA) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2015)

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What is Athena IT-Group AS 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. Athena IT-Group AS's annualized positive value of Interest Expense for the quarter that ended in Sep. 2015 was kr0.00 Mil. Athena IT-Group AS's average total debt for the quarter that ended in Sep. 2015 was kr8.58 Mil. Therefore, Athena IT-Group AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 was 0.00%.

Athena IT-Group AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Athena IT-Group AS'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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Athena IT-Group AS Effective Interest Rate on Debt % Chart

Athena IT-Group AS Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Effective Interest Rate on Debt %

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5.16

6.34

4.54

3.43

3.18

Athena IT-Group AS Quarterly Data
	Jun09	Jun10	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Athena IT-Group AS's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Athena IT-Group AS'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.

Athena IT-Group AS's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Athena IT-Group AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Athena IT-Group AS's Effective Interest Rate on Debt % falls into.

Athena IT-Group AS Effective Interest Rate on Debt % Calculation

Athena IT-Group AS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2014 )	+	Total Debt (A: Jun. 2015 ))	/ count )
=	-1 * -0.372	/	( (14.82	+	8.575)	/ 2 )
=	-1 * -0.372	/	11.6975
=	3.18 %

where

	Total Debt (A: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.088	+	12.732
=	14.82

	Total Debt (A: Jun. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.65	+	7.925
=	8.575

Athena IT-Group AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2015 )	+	Total Debt (Q: Sep. 2015 ))	/ count )
=	-1 * 0	/	( (8.575	+	0)	/ 1 )
=	-1 * 0	/	8.575
=	0.00 %

where

	Total Debt (Q: Jun. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.65	+	7.925
=	8.575

	Total Debt (Q: Sep. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 (Sep. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Athena IT-Group AS (OCSE:ATHENA) Effective Interest Rate on Debt % Explanation

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

Athena IT-Group AS Effective Interest Rate on Debt % Related Terms

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Athena IT-Group AS (OCSE:ATHENA) Business Description

Industry

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Address

Website

http://www.athena.dk

Athena IT-Group AS provides professional IT solutions for the Danish business community. It consists of two divisions: Infrastructure & Outsourcing; and E-Solutions.

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