Deezer (FRA:L0A) Effective Interest Rate on Debt % : 2.14% (As of Jun. 2024)

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What is Deezer 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. Deezer's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €0.8 Mil. Deezer's average total debt for the quarter that ended in Jun. 2024 was €38.5 Mil. Therefore, Deezer's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 2.14%.

Deezer Effective Interest Rate on Debt % Historical Data

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

Deezer Annual Data

Trend

Dec12

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.55

2.24

2.65

2.39

1.98

Deezer Semi-Annual Data
	Dec12	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								3.21	1.94	2.89	2.36	2.14

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

For the Entertainment subindustry, Deezer'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.

Deezer's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Deezer's Effective Interest Rate on Debt % distribution charts can be found below:

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

Deezer Effective Interest Rate on Debt % Calculation

Deezer'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 * -0.889	/	( (49.346	+	40.565)	/ 2 )
=	-1 * -0.889	/	44.9555
=	1.98 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.512	+	9.834
=	49.346

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.016	+	11.549
=	40.565

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.826	/	( (40.565	+	36.501)	/ 2 )
=	-1 * -0.826	/	38.533
=	2.14 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29.016	+	11.549
=	40.565

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27.128	+	9.373
=	36.501

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

Deezer (FRA:L0A) Effective Interest Rate on Debt % Explanation

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

Deezer Effective Interest Rate on Debt % Related Terms

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Deezer Business Description

Industry

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DEEZR:France

Address

24 rue de Calais, Paris, FRA, 75009

Website

https://www.deezer.com

Deezer SA is an independent music streaming platform providing access to lossless HiFi audio, innovative recommendation technology and industry-defining features. The company brings artists and fans together on a scalable and global platform, to unlock the potential of music through technology. The company is based in France, Germany, the UK, Brazil and the US.

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