Tobii AB (OSTO:TOBII) Effective Interest Rate on Debt % : 27.91% (As of Sep. 2023)

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What is Tobii 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. Tobii AB's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was kr24.0 Mil. Tobii AB's average total debt for the quarter that ended in Sep. 2023 was kr86.0 Mil. Therefore, Tobii AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 27.91%.

Tobii AB Effective Interest Rate on Debt % Historical Data

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

Tobii AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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0.60

6.01

2.55

4.95

7.36

Tobii AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	16.11	24.06	10.74	27.91

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

For the Computer Hardware subindustry, Tobii 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.

Tobii AB's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Tobii AB Effective Interest Rate on Debt % Calculation

Tobii AB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -6	/	( (94	+	69)	/ 2 )
=	-1 * -6	/	81.5
=	7.36 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66	+	28
=	94

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41	+	28
=	69

Tobii AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -24	/	( (85	+	87)	/ 2 )
=	-1 * -24	/	86
=	27.91 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58	+	27
=	85

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62	+	25
=	87

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tobii AB (OSTO:TOBII) Effective Interest Rate on Debt % Explanation

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

Tobii AB Effective Interest Rate on Debt % Related Terms

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Tobii AB (OSTO:TOBII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tobii AB (OSTO:TOBII) » Definitions » Effective Interest Rate on Debt %

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TBIIF:USA 0R6W:UK 24T:Germany

Address

Karlsrovagen 2D, Danderyd, SWE, S-182 53

Website

https://www.tobii.com

Tobii AB, along with its subsidiaries, provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, Asia/Oceania, and Other countries. It derives a majority of revenue from the USA.

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