2G Energy AG (XTER:2GB) Effective Interest Rate on Debt % : 8.15% (As of Dec. 2023)

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What is 2G Energy 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. 2G Energy AG's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.8 Mil. 2G Energy AG's average total debt for the quarter that ended in Dec. 2023 was €9.5 Mil. Therefore, 2G Energy AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.15%.

2G Energy AG Effective Interest Rate on Debt % Historical Data

The historical data trend for 2G Energy 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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2G Energy AG Effective Interest Rate on Debt % Chart

2G Energy AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.56

4.97

5.70

6.59

8.48

2G Energy 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															5.77	4.67	5.32	5.54	8.15

Competitive Comparison of 2G Energy AG's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, 2G Energy 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.

2G Energy AG's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, 2G Energy AG's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where 2G Energy AG's Effective Interest Rate on Debt % falls into.

2G Energy AG Effective Interest Rate on Debt % Calculation

2G Energy 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 * -0.621	/	( (6.334	+	8.307)	/ 2 )
=	-1 * -0.621	/	7.3205
=	8.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.788	+	2.546
=	6.334

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.599	+	2.708
=	8.307

2G Energy 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 * -0.772	/	( (10.634	+	8.307)	/ 2 )
=	-1 * -0.772	/	9.4705
=	8.15 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.805	+	7.829
=	10.634

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.599	+	2.708
=	8.307

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.

2G Energy AG (XTER:2GB) Effective Interest Rate on Debt % Explanation

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

2G Energy AG Effective Interest Rate on Debt % Related Terms

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2G Energy AG (XTER:2GB) Business Description

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2GB:Germany 2GB:Germany

Address

Benzstrasse 3, Heek, NW, DEU, 48619

Website

https://www.2-g.de

2G Energy AG is a Germany based company manufacturer and provider of decentralized energy supply systems. The group through development, production, and technical installation, as well as digital grid integration, combined heat and power systems (CHP), offers comprehensive solutions for combined heat and power generation. The product range of the company includes CHP modules for operation deploying natural gas, biogas, other lean gases, and hydrogen. The company's products have applications in sectors like Chemical and pharmaceutical industries, Horticultural, shopping centers, landfills, hotels, heating networks, swimming pools, and others. The group has business operations in Germany and internationally, of which the majority of the revenue is derived from the operations in Germany.

Executives

Dr. Lukas Lenz

Supervisory Board

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