Legend Power Systems (FRA:XLE1) Effective Interest Rate on Debt % : 5.93% (As of Mar. 2024)

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What is Legend Power Systems 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. Legend Power Systems's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.02 Mil. Legend Power Systems's average total debt for the quarter that ended in Mar. 2024 was €0.27 Mil. Therefore, Legend Power Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.93%.

Legend Power Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for Legend Power Systems'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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Legend Power Systems Effective Interest Rate on Debt % Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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3.87

7.24

7.49

2.74

Legend Power Systems Quarterly Data
	Jun19	Sep19	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															11.21	-	-	5.70	5.93

Competitive Comparison of Legend Power Systems's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Legend Power Systems'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.

Legend Power Systems's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Legend Power Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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

Legend Power Systems Effective Interest Rate on Debt % Calculation

Legend Power Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.006	/	( (0.143	+	0.295)	/ 2 )
=	-1 * -0.006	/	0.219
=	2.74 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.048	+	0.095
=	0.143

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.216	+	0.079
=	0.295

Legend Power Systems'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 * -0.016	/	( (0.266	+	0.274)	/ 2 )
=	-1 * -0.016	/	0.27
=	5.93 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.194	+	0.072
=	0.266

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.174	+	0.1
=	0.274

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.

Legend Power Systems (FRA:XLE1) Effective Interest Rate on Debt % Explanation

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

Legend Power Systems Effective Interest Rate on Debt % Related Terms

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Legend Power Systems (FRA:XLE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (FRA:XLE1) » Definitions » Effective Interest Rate on Debt %

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LPSIF:USA LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.

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