House Of Control Group AS (OSL:HOC) Effective Interest Rate on Debt % : 19.57% (As of Sep. 2022)

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What is House Of Control 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. House Of Control Group AS's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was kr25.8 Mil. House Of Control Group AS's average total debt for the quarter that ended in Sep. 2022 was kr132.0 Mil. Therefore, House Of Control Group AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 19.57%.

House Of Control Group AS Effective Interest Rate on Debt % Historical Data

The historical data trend for House Of Control 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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House Of Control Group AS Effective Interest Rate on Debt % Chart

House Of Control Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

29.75

30.12

17.31

22.76

13.93

House Of Control Group AS Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									22.57	-6.21	19.68	18.21	19.57

Competitive Comparison of House Of Control Group AS's Effective Interest Rate on Debt %

For the Software - Application subindustry, House Of Control 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.

House Of Control Group AS's Effective Interest Rate on Debt % Distribution in the Software Industry

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

* The bar in red indicates where House Of Control Group AS's Effective Interest Rate on Debt % falls into.

House Of Control Group AS Effective Interest Rate on Debt % Calculation

House Of Control Group AS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -15.444	/	( (100.672	+	121.142)	/ 2 )
=	-1 * -15.444	/	110.907
=	13.93 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	95.35	+	5.322
=	100.672

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	111.694	+	9.448
=	121.142

House Of Control Group AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -25.828	/	( (132.291	+	131.638)	/ 2 )
=	-1 * -25.828	/	131.9645
=	19.57 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.867	+	11.424
=	132.291

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	120.057	+	11.581
=	131.638

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

House Of Control Group AS (OSL:HOC) Effective Interest Rate on Debt % Explanation

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

House Of Control Group AS Effective Interest Rate on Debt % Related Terms

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House Of Control Group AS (OSL:HOC) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

O.H. Bangs vei 70, Hovik, NOR, 1363

Website

https://www.houseofcontrol.com

House Of Control Group AS provides software solutions. The company develops and sells software as a service (SaaS) solutions. The solutions include Complete Control, which is used for managing contracts and assets, including the contracts' financial implications for accounting, budgeting and reporting. Also, the company provides SaaS applications for the users of IFS, an Enterprise Resource Planning system. The solutions are mainly focused on purchasing processes, supplier and B2B customer communications, and travel, time and expense management.

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