Altium (Altium) Effective Interest Rate on Debt % : 6.01% (As of Dec. 2023)

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What is Altium 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. Altium's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.6 Mil. Altium's average total debt for the quarter that ended in Dec. 2023 was $10.4 Mil. Therefore, Altium's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.01%.

Altium Effective Interest Rate on Debt % Historical Data

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

Altium Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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1.18

0.32

2.50

0.60

Altium 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															5.51	-0.35	13.18	-10.15	6.01

Competitive Comparison of Altium's Effective Interest Rate on Debt %

For the Software - Application subindustry, Altium'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.

Altium's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Altium Effective Interest Rate on Debt % Calculation

Altium's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.061	/	( (9.452	+	11.016)	/ 2 )
=	-1 * -0.061	/	10.234
=	0.60 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.088	+	5.364
=	9.452

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.413	+	3.603
=	11.016

Altium'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 * -0.622	/	( (11.016	+	9.695)	/ 2 )
=	-1 * -0.622	/	10.3555
=	6.01 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.413	+	3.603
=	11.016

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.255	+	3.44
=	9.695

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.

Altium (OTCPK:ALMFF) Effective Interest Rate on Debt % Explanation

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

Altium Effective Interest Rate on Debt % Related Terms

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Altium (Altium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altium Ltd (OTCPK:ALMFF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

A5V:Germany ALU:Australia

Address

821 Pacific Highway, Suite 3, Level 6, Tower B, The Zenith, Chatswood, Sydney, NSW, AUS, 2067

Website

https://www.altium.com

Altium is a well-run technology company providing specialized software for the design of printed circuit boards. Altium's core design software has rapidly taken market share in the past decade and is now among the world's most widely used. In addition, Altium owns and operates the world's largest online marketplace for searching and sourcing electronic components used in printed circuit board manufacturing, and this industry is still in the early stages of moving toward online marketing.