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CeoTronics AG (FRA:CEK) Effective Interest Rate on Debt % : 2.73% (As of Nov. 2023)


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What is CeoTronics 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. CeoTronics AG's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was €0.30 Mil. CeoTronics AG's average total debt for the quarter that ended in Nov. 2023 was €10.91 Mil. Therefore, CeoTronics AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 2.73%.


CeoTronics AG Effective Interest Rate on Debt % Historical Data

The historical data trend for CeoTronics 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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CeoTronics AG Effective Interest Rate on Debt % Chart

CeoTronics AG Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.53 3.03 2.76 1.95 2.98

CeoTronics AG Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.60 1.46 1.98 4.47 2.73

Competitive Comparison of CeoTronics AG's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, CeoTronics 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.


CeoTronics AG's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



CeoTronics AG Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -0.263/( (11.337+6.296)/ 2 )
=-1  *  -0.263/8.8165
=2.98 %

where

Total Debt  (A: May. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.114 + 4.223
=11.337

CeoTronics AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -0.298/( (6.296+15.523)/ 2 )
=-1  *  -0.298/10.9095
=2.73 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.523 + 0
=15.523

* 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.

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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


CeoTronics AG  (FRA:CEK) Effective Interest Rate on Debt % Explanation

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


CeoTronics AG Effective Interest Rate on Debt % Related Terms

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CeoTronics AG (FRA:CEK) Business Description

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Address
Ceotronics AG, Adam-opel-strac E 6, Rödermark, DEU, 63322
CeoTronics AG is a provider of short-range mobile digital wireless radio networks and communication headsets and systems for professional use.

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