OFFTEC Holding Group (AMM:OFTC) Effective Interest Rate on Debt % : 15.43% (As of Sep. 2024)

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What is OFFTEC Holding 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. OFFTEC Holding Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was JOD2.01 Mil. OFFTEC Holding Group's average total debt for the quarter that ended in Sep. 2024 was JOD13.04 Mil. Therefore, OFFTEC Holding Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 15.43%.

OFFTEC Holding Group Effective Interest Rate on Debt % Historical Data

The historical data trend for OFFTEC Holding 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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OFFTEC Holding Group Effective Interest Rate on Debt % Chart

OFFTEC Holding Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.68

22.60

33.33

23.59

23.78

OFFTEC Holding 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															23.74	23.76	17.78	14.46	15.43

Competitive Comparison of OFFTEC Holding Group's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, OFFTEC Holding 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.

OFFTEC Holding Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, OFFTEC Holding Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

OFFTEC Holding Group Effective Interest Rate on Debt % Calculation

OFFTEC Holding 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 * -1.887	/	( (7.135	+	8.734)	/ 2 )
=	-1 * -1.887	/	7.9345
=	23.78 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	7.135
=	7.135

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	8.734
=	8.734

OFFTEC Holding 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 * -2.012	/	( (12.519	+	13.554)	/ 2 )
=	-1 * -2.012	/	13.0365
=	15.43 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.343	+	11.176
=	12.519

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.228	+	12.326
=	13.554

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.

OFFTEC Holding Group (AMM:OFTC) Effective Interest Rate on Debt % Explanation

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

OFFTEC Holding Group Effective Interest Rate on Debt % Related Terms

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OFFTEC Holding Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » OFFTEC Holding Group PLC (AMM:OFTC) » Definitions » Effective Interest Rate on Debt %

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Address

Third Circle, 12 Queen Misbah Street, P.O. Box: 383, Amman, JOR, 11118

Website

http://www.offtec.com

OFFTEC Holding Group PLC offers business and technological solutions to facilitate business functions such as banknote counting and detection machines, teller safes, check printing systems, office furniture solutions, and other office equipment, among others. The company provides a solution to Banking Technologies, Office Technologies, Software Solutions, Networking, and IT security, Plastic Card Technologies and Physical Security Solutions.

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