Advanced Bitcoin Technologies AG (HAM:ABT) Effective Interest Rate on Debt % : 600.00% (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Advanced Bitcoin Technologies 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. Advanced Bitcoin Technologies AG's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0.01 Mil. Advanced Bitcoin Technologies AG's average total debt for the quarter that ended in Jun. 2023 was €0.00 Mil. Therefore, Advanced Bitcoin Technologies AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 600.00%.

Advanced Bitcoin Technologies AG Effective Interest Rate on Debt % Historical Data

The historical data trend for Advanced Bitcoin Technologies 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.

* Premium members only.

Advanced Bitcoin Technologies AG Effective Interest Rate on Debt % Chart

Advanced Bitcoin Technologies AG Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

3,400.00

Advanced Bitcoin Technologies AG Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	6,400.00	600.00

Competitive Comparison of Advanced Bitcoin Technologies AG's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Advanced Bitcoin Technologies 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.

Advanced Bitcoin Technologies AG's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Advanced Bitcoin Technologies AG's Effective Interest Rate on Debt % distribution charts can be found below:

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

Advanced Bitcoin Technologies AG Effective Interest Rate on Debt % Calculation

Advanced Bitcoin Technologies AG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.034	/	( (0	+	0.001)	/ 1 )
=	-1 * -0.034	/	0.001
=	3,400.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0
=	0.001

Advanced Bitcoin Technologies AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.006	/	( (0.001	+	0.001)	/ 2 )
=	-1 * -0.006	/	0.001
=	600.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0
=	0.001

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0
=	0.001

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

Advanced Bitcoin Technologies AG (HAM:ABT) Effective Interest Rate on Debt % Explanation

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

Advanced Bitcoin Technologies AG Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Advanced Bitcoin Technologies AG's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Advanced Bitcoin Technologies AG (HAM:ABT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Advanced Bitcoin Technologies AG (HAM:ABT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grüneburgweg 58 - 62, Frankfurt am Main, DEU, D - 60322

Website

https://www.abt-ag.com

Advanced Bitcoin Technologies AG is a Germany based company engaged in the business of cryptocurrencies which enables the users to handle their daily financial transactions.