Systemair AB (LTS:0HDK) Effective Interest Rate on Debt % : 14.91% (As of Jan. 2024)

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What is Systemair 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. Systemair AB's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was kr249 Mil. Systemair AB's average total debt for the quarter that ended in Jan. 2024 was kr1,671 Mil. Therefore, Systemair AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 14.91%.

Systemair AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Systemair 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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Systemair AB Effective Interest Rate on Debt % Chart

Systemair AB Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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1.59

1.73

1.33

1.36

3.50

Systemair AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.05	0.32	3.91	3.32	14.91

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

For the Building Products & Equipment subindustry, Systemair 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.

Systemair AB's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Systemair AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Systemair AB Effective Interest Rate on Debt % Calculation

Systemair AB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -73.9	/	( (2378.8	+	1842.3)	/ 2 )
=	-1 * -73.9	/	2110.55
=	3.50 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1230.8	+	1148
=	2378.8

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	671.6	+	1170.7
=	1842.3

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -249.2	/	( (1865.1	+	1477)	/ 2 )
=	-1 * -249.2	/	1671.05
=	14.91 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	765.7	+	1099.4
=	1865.1

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	715.2	+	761.8
=	1477

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

Systemair AB (LTS:0HDK) Effective Interest Rate on Debt % Explanation

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

Systemair AB Effective Interest Rate on Debt % Related Terms

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Systemair AB (LTS:0HDK) Business Description

Industry

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Traded in Other Exchanges

SYSR:Sweden 52SA:Germany

Address

Industrivagen 3, Skinnskatteberg, SWE, SE-739 30

Website

https://www.systemair.com

Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy efficient fans. The company also markets products under their Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtain and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. Systemair generates the majority of its revenue from Western Europe.

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