myFC Holding AB (LTS:0G7N) Effective Interest Rate on Debt % : 159.03% (As of Mar. 2022)

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What is myFC Holding AB 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. myFC Holding AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was kr3.52 Mil. myFC Holding AB's average total debt for the quarter that ended in Mar. 2022 was kr2.22 Mil. Therefore, myFC Holding AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 159.03%.

myFC Holding AB Effective Interest Rate on Debt % Historical Data

The historical data trend for myFC Holding AB'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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myFC Holding AB Effective Interest Rate on Debt % Chart

myFC Holding AB Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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6.99

13.43

46.98

2.78

myFC Holding AB Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.73	9.38	1.61	2.68	159.03

Competitive Comparison of myFC Holding AB's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, myFC Holding AB'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.

myFC Holding AB's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

myFC Holding AB Effective Interest Rate on Debt % Calculation

myFC Holding AB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -0.07	/	( (0	+	2.515)	/ 1 )
=	-1 * -0.07	/	2.515
=	2.78 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.515
=	2.515

myFC Holding AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -3.524	/	( (0	+	2.216)	/ 1 )
=	-1 * -3.524	/	2.216
=	159.03 %

where

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

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.216
=	2.216

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

myFC Holding AB (LTS:0G7N) Effective Interest Rate on Debt % Explanation

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

myFC Holding AB Effective Interest Rate on Debt % Related Terms

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myFC Holding AB (LTS:0G7N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » myFC Holding AB (LTS:0G7N) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Saltmatargatan 8A, Stockholm, SWE, SE-11359

Website

https://www.myfc.se

myFC Holding AB is a manufacturer of micro fuel cells and chargers for portable consumer electronic devices such as smartphones and tablets. Its developed and patented both fuel cell and fuel technology and control the essential parts of the JAQ product.

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