Nordnet AB (publ) (LTS:0A6V) Effective Interest Rate on Debt % : 509.60% (As of Mar. 2024)

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What is Nordnet AB (publ) 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. Nordnet AB (publ)'s annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr870 Mil. Nordnet AB (publ)'s average total debt for the quarter that ended in Mar. 2024 was kr171 Mil. Therefore, Nordnet AB (publ)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 509.60%.

Nordnet AB (publ) Effective Interest Rate on Debt % Historical Data

The historical data trend for Nordnet AB (publ)'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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Nordnet AB (publ) Effective Interest Rate on Debt % Chart

Nordnet AB (publ) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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57.13

88.66

110.38

212.88

401.50

Nordnet AB (publ) 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															346.21	-	-	458.31	509.60

Competitive Comparison of Nordnet AB (publ)'s Effective Interest Rate on Debt %

For the Capital Markets subindustry, Nordnet AB (publ)'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.

Nordnet AB (publ)'s Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nordnet AB (publ)'s Effective Interest Rate on Debt % falls into.

Nordnet AB (publ) Effective Interest Rate on Debt % Calculation

Nordnet AB (publ)'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 * -671.3	/	( (163.6	+	170.8)	/ 2 )
=	-1 * -671.3	/	167.2
=	401.50 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	163.6	+	0
=	163.6

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	170.8	+	0
=	170.8

Nordnet AB (publ)'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 * -870.4	/	( (170.8	+	0)	/ 1 )
=	-1 * -870.4	/	170.8
=	509.60 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	170.8	+	0
=	170.8

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Nordnet AB (publ) (LTS:0A6V) Effective Interest Rate on Debt % Explanation

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

Nordnet AB (publ) Effective Interest Rate on Debt % Related Terms

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Nordnet AB (publ) (LTS:0A6V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nordnet AB (publ) (LTS:0A6V) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SAVE:Sweden SAVEs:UK 9JL:Germany

Address

Alstromergatan 39, Box 30099, Stockholm, SWE, SE-104 25

Website

https://www.nordnetab.com

Nordnet AB (publ) is a digital platform in the Nordics for savings and investments. The company operates in Sweden, Norway, Denmark and Finland. Nordnet's purpose is to democratize savings and investments. It provides trading in a large number of equities, funds and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans and mortgages. There are a number of user-interfaces to choose from, such as web, app or more advanced trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. Nordnet also runs the largest social investment network in the Nordics, Shareville.

Nordnet AB (publ) (LTS:0A6V) Headlines

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