Firan Technology Group (FRA:22F) Effective Interest Rate on Debt % : 6.50% (As of Aug. 2024)

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What is Firan Technology 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. Firan Technology Group's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was €1.5 Mil. Firan Technology Group's average total debt for the quarter that ended in Aug. 2024 was €23.3 Mil. Therefore, Firan Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 6.50%.

Firan Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Firan Technology 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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Firan Technology Group Effective Interest Rate on Debt % Chart

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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4.58

6.24

3.83

3.57

5.32

Firan Technology Group Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.22	5.21	6.02	6.54	6.50

Competitive Comparison of Firan Technology Group's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Firan Technology 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.

Firan Technology Group's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Firan Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Firan Technology Group Effective Interest Rate on Debt % Calculation

Firan Technology Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.894	/	( (9.905	+	23.713)	/ 2 )
=	-1 * -0.894	/	16.809
=	5.32 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.248	+	1.657
=	9.905

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.326	+	3.387
=	23.713

Firan Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * -1.512	/	( (24.091	+	22.414)	/ 2 )
=	-1 * -1.512	/	23.2525
=	6.50 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.899	+	3.192
=	24.091

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.303	+	3.111
=	22.414

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 (Aug. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Firan Technology Group (FRA:22F) Effective Interest Rate on Debt % Explanation

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

Firan Technology Group Effective Interest Rate on Debt % Related Terms

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Firan Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (FRA:22F) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FTGFF:USA FTG:Canada

Address

250 Finchdene Square, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe. The majority of revenue is derived from the FTG Circuits segment.

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