Zaptec ASA (FRA:6I4) Effective Interest Rate on Debt % : 6.67% (As of Mar. 2024)

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What is Zaptec ASA 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. Zaptec ASA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.8 Mil. Zaptec ASA's average total debt for the quarter that ended in Mar. 2024 was €12.3 Mil. Therefore, Zaptec ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.67%.

Zaptec ASA Effective Interest Rate on Debt % Historical Data

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

Zaptec ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.37

9.62

17.01

11.26

1.48

Zaptec ASA Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															30.81	226.72	480.27	3.89	6.67

Competitive Comparison of Zaptec ASA's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Zaptec ASA'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.

Zaptec ASA's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zaptec ASA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Zaptec ASA Effective Interest Rate on Debt % Calculation

Zaptec ASA'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 * -0.066	/	( (4.316	+	4.592)	/ 2 )
=	-1 * -0.066	/	4.454
=	1.48 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.006	+	3.31
=	4.316

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.804	+	0.788
=	4.592

Zaptec ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.82	/	( (4.592	+	20.003)	/ 2 )
=	-1 * -0.82	/	12.2975
=	6.67 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.804	+	0.788
=	4.592

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.669	+	16.334
=	20.003

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

Zaptec ASA (FRA:6I4) Effective Interest Rate on Debt % Explanation

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

Zaptec ASA Effective Interest Rate on Debt % Related Terms

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Zaptec ASA (FRA:6I4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zaptec ASA (FRA:6I4) » Definitions » Effective Interest Rate on Debt %

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ZAPO:Sweden ZAP:Norway

Address

Professor Olav Hanssens vei 7A, Stavanger, NOR, 4021

Website

https://www.zaptec.com

Zaptec ASA is a technology company within Electronic vehicle (EV) charging systems in Europe. The company develops EV charging systems for multi and single-family homes and office buildings. The product portfolio enables a large number of charging points at a low cost and includes Zaptec Pro, Zaptec Go, Charge365 payment services, Charging columns, Zaptec Portal, and Zaptec APM. The company accelerates the electrification of the transport sector to assist European countries in reducing CO2 emissions from light-duty cars.

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