CodeMill AB (OSTO:CDMIL) Effective Interest Rate on Debt % : 11.02% (As of Mar. 2024)

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What is CodeMill 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. CodeMill AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr0.52 Mil. CodeMill AB's average total debt for the quarter that ended in Mar. 2024 was kr4.68 Mil. Therefore, CodeMill AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.02%.

CodeMill AB Effective Interest Rate on Debt % Historical Data

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

CodeMill AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.76

5.30

5.82

6.06

9.15

CodeMill AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												4.58	11.13	6.21	8.72	11.02

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

For the Software - Application subindustry, CodeMill 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.

CodeMill AB's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

CodeMill AB Effective Interest Rate on Debt % Calculation

CodeMill 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 * -0.543	/	( (6.932	+	4.932)	/ 2 )
=	-1 * -0.543	/	5.932
=	9.15 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.931	+	2.001
=	6.932

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.931	+	2.001
=	4.932

CodeMill 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 * -0.516	/	( (4.932	+	4.431)	/ 2 )
=	-1 * -0.516	/	4.6815
=	11.02 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.931	+	2.001
=	4.932

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.43	+	2.001
=	4.431

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.

CodeMill AB (OSTO:CDMIL) Effective Interest Rate on Debt % Explanation

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

CodeMill AB Effective Interest Rate on Debt % Related Terms

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CodeMill AB (OSTO:CDMIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CodeMill AB (OSTO:CDMIL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sodra Ersmarksgatan 7, Umea, SWE, 903 36

Website

https://www.codemill.se

CodeMill AB is a technology company that offers software development and technical services for video and media companies. Codemill's customers are several of the major Hollywood players including ViacomCBS, TV companies such as BBC, ITV and ProSieben.Sat1, VOD / OTT platforms such as Joyn, as well as publishers and brands such as The Guardian.

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