Harju Elekter Group (OTSE:HAE1T) Effective Interest Rate on Debt % : 7.53% (As of Sep. 2024)

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What is Harju Elekter Group 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. Harju Elekter Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €2.8 Mil. Harju Elekter Group's average total debt for the quarter that ended in Sep. 2024 was €36.7 Mil. Therefore, Harju Elekter Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.53%.

Harju Elekter Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Harju Elekter Group'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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Harju Elekter Group Effective Interest Rate on Debt % Chart

Harju Elekter Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.44

1.98

1.49

1.78

4.91

Harju Elekter Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.09	2.33	5.32	5.01	7.53

Competitive Comparison of Harju Elekter Group's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Harju Elekter Group'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.

Harju Elekter Group's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Harju Elekter Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Harju Elekter Group's Effective Interest Rate on Debt % falls into.

Harju Elekter Group Effective Interest Rate on Debt % Calculation

Harju Elekter Group'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 * -2.162	/	( (45.117	+	42.868)	/ 2 )
=	-1 * -2.162	/	43.9925
=	4.91 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.732	+	24.385
=	45.117

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.481	+	19.387
=	42.868

Harju Elekter Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -2.764	/	( (40.479	+	32.92)	/ 2 )
=	-1 * -2.764	/	36.6995
=	7.53 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.207	+	17.272
=	40.479

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.282	+	9.638
=	32.92

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Harju Elekter Group (OTSE:HAE1T) Effective Interest Rate on Debt % Explanation

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

Harju Elekter Group Effective Interest Rate on Debt % Related Terms

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Harju Elekter Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harju Elekter Group (OTSE:HAE1T) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

HD8:Germany

Address

Paldiski maantee 31/2, Keila, EST, 76606

Website

https://www.harjuelekter.com

Harju Elekter Group is an Estonia-based company engaged in the production of electrical equipment. The company operates in two segments including Production and Real estate. The Production segment includes factories producing power distribution and control equipment in Estonia, Finland, Sweden, and Lithuania. The core production of factories consists of equipment for the distribution of medium and low-voltage electricity, various electrical power switching and conversion devices, and automation and control centers for use by the energy, industrial, and maritime sectors, and infrastructure objects. The Real estate segment includes the development, project management, leasing, and other related services of industrial real estate for leasing partners and the group's companies.

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