Essity AB (OSTO:ESSITY B) Effective Interest Rate on Debt % : 4.35% (As of Mar. 2024)

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What is Essity 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. Essity AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr2,428 Mil. Essity AB's average total debt for the quarter that ended in Mar. 2024 was kr55,820 Mil. Therefore, Essity AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.35%.

Essity AB Effective Interest Rate on Debt % Historical Data

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

Essity AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.63

2.16

1.26

2.24

4.28

Essity 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															3.75	-	-	2.21	4.35

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

For the Household & Personal Products subindustry, Essity 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.

Essity AB's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Essity AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Essity AB Effective Interest Rate on Debt % Calculation

Essity 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 * -2617	/	( (66578	+	55820)	/ 2 )
=	-1 * -2617	/	61199
=	4.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54090	+	12488
=	66578

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42387	+	13433
=	55820

Essity 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 * -2428	/	( (55820	+	0)	/ 1 )
=	-1 * -2428	/	55820
=	4.35 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42387	+	13433
=	55820

	Total Debt (Q: Mar. 2024 )
=	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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Essity AB (OSTO:ESSITY B) Effective Interest Rate on Debt % Explanation

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

Essity AB Effective Interest Rate on Debt % Related Terms

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Essity AB (OSTO:ESSITY B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Essity AB (OSTO:ESSITY B) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ETTYF:USA ESSITY A:Sweden ESSIBs:UK 0RQD:UK ESWB:Germany

Address

Klarabergsviadukten 63, PO Box 200, Stockholm, SWE, SE-101 23

Website

https://www.essity.com

Essity is a health and hygiene company spun out of Svenska Cellulosa in June 2017. Essity's products span the feminine-care, baby-care, toilet paper, facial tissue, and wet wipes categories, as well as hand soap, hand sanitizers, and tissue dispensers for institutional customers. Essity also offers medical solutions in the form of wound care, orthopedics, and compression therapy, accounting for 7% of net sales in fiscal 2021. Essity operates in 150 markets and generates over 50% of its revenue in Europe, although it also maintains significant exposure to emerging markets (38% of net sales in 2021).

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