Flatex AG (XTER:FTK) Effective Interest Rate on Debt % : 7.67% (As of Dec. 2023)

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What is Flatex AG 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. Flatex AG's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €8.8 Mil. Flatex AG's average total debt for the quarter that ended in Dec. 2023 was €115.0 Mil. Therefore, Flatex AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.67%.

Flatex AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Flatex AG'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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Flatex AG Effective Interest Rate on Debt % Chart

Flatex AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.37

8.80

5.12

2.73

1.90

Flatex AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.05	3.97	8.33	7.54	7.67

Competitive Comparison of Flatex AG's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Flatex AG'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.

Flatex AG's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Flatex AG's Effective Interest Rate on Debt % distribution charts can be found below:

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

Flatex AG Effective Interest Rate on Debt % Calculation

Flatex AG'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 * -2.258	/	( (125.395	+	112.765)	/ 2 )
=	-1 * -2.258	/	119.08
=	1.90 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.6	+	82.795
=	125.395

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.508	+	67.257
=	112.765

Flatex AG'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -8.824	/	( (117.213	+	112.765)	/ 2 )
=	-1 * -8.824	/	114.989
=	7.67 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.359	+	74.854
=	117.213

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.508	+	67.257
=	112.765

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

Flatex AG (XTER:FTK) Effective Interest Rate on Debt % Explanation

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

Flatex AG Effective Interest Rate on Debt % Related Terms

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Flatex AG (XTER:FTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Flatex AG (XTER:FTK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FNNTF:USA 0W89:UK

Address

Omniturm, Grosse Gallusstrasse 16-18, Frankfurt, HE, DEU, 60312

Website

https://www.flatex.com

Flatex AG is an independent online broker. The firm operates a proprietary securities trading platform under the brands flatex and DEGIRO and services more than 1 million European retail customers in European countries. The company also offers brokerage services and administration to corporate and institutional clients. The segments of the company are Financial Services and Technologies.

Executives

Steffen Jentsch	Chief Process Officer
Frank Niehage	CEO
Dr. Matthias Heinrich	Chief Risk Officer
Muhamad Said Chahrour	CFO
Martin Korbmacher	Chairman of the Supervisory Board