Thinc Collective AB (XSAT:THINC) Effective Interest Rate on Debt % : 25.02% (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Thinc Collective 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. Thinc Collective AB's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was kr1.7 Mil. Thinc Collective AB's average total debt for the quarter that ended in Dec. 2023 was kr7.0 Mil. Therefore, Thinc Collective AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.02%.

Thinc Collective AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Thinc Collective 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.

* Premium members only.

Thinc Collective AB Effective Interest Rate on Debt % Chart

Thinc Collective AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.60

7.75

4.58

8.92

24.12

Thinc Collective AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															15.16	12.58	9.77	8.26	25.02

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

For the Software - Application subindustry, Thinc Collective 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.

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

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

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

Thinc Collective AB Effective Interest Rate on Debt % Calculation

Thinc Collective 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 * -0.93	/	( (2.891	+	4.822)	/ 2 )
=	-1 * -0.93	/	3.8565
=	24.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.455	+	2.436
=	2.891

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.182	+	4.64
=	4.822

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.748	/	( (9.149	+	4.822)	/ 2 )
=	-1 * -1.748	/	6.9855
=	25.02 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.25	+	8.899
=	9.149

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.182	+	4.64
=	4.822

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

Thinc Collective AB (XSAT:THINC) Effective Interest Rate on Debt % Explanation

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

Thinc Collective AB Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Thinc Collective AB's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thinc Collective AB (XSAT:THINC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinc Collective AB (XSAT:THINC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Södra Hamngatan 35, Gothenburg, SWE, 411 10

Website

https://www.thinccollective.se

Thinc Collective AB is a Swedish software as a service company that develops event management systems. The group offers a group of companies within systems, communication and structure. The companies thinks up and implements ideas for its customers. Its areas of expertise range from data, analysis, technology development, SaaS systems for communication, media, PR, brand experience and financial information. The group targets customers regardless of industry with a need for coherent communication. Thinc Collective operates within the Nordic region.

Thinc Collective AB (XSAT:THINC) Headlines

No Headlines