Exel Composites Oyj (LTS:0MD5) Effective Interest Rate on Debt % : 1.39% (As of Jun. 2024)

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What is Exel Composites Oyj 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. Exel Composites Oyj's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €0.65 Mil. Exel Composites Oyj's average total debt for the quarter that ended in Jun. 2024 was €46.46 Mil. Therefore, Exel Composites Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 1.39%.

Exel Composites Oyj Effective Interest Rate on Debt % Historical Data

The historical data trend for Exel Composites Oyj'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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Exel Composites Oyj Effective Interest Rate on Debt % Chart

Exel Composites Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.14

1.91

0.87

1.20

3.84

Exel Composites Oyj Semi-Annual Data
	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.05	2.30	1.81	0.56	1.39

Competitive Comparison of Exel Composites Oyj's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Exel Composites Oyj'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.

Exel Composites Oyj's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Exel Composites Oyj's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Exel Composites Oyj's Effective Interest Rate on Debt % falls into.

Exel Composites Oyj Effective Interest Rate on Debt % Calculation

Exel Composites Oyj'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 * -1.77	/	( (48.498	+	43.79)	/ 2 )
=	-1 * -1.77	/	46.144
=	3.84 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.536	+	34.962
=	48.498

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.421	+	39.369
=	43.79

Exel Composites Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.646	/	( (43.79	+	49.129)	/ 2 )
=	-1 * -0.646	/	46.4595
=	1.39 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.421	+	39.369
=	43.79

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.207	+	45.922
=	49.129

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

Exel Composites Oyj (LTS:0MD5) Effective Interest Rate on Debt % Explanation

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

Exel Composites Oyj Effective Interest Rate on Debt % Related Terms

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Exel Composites Oyj Business Description

Industry

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Traded in Other Exchanges

EXL1V:Finland 8TY:Germany

Address

Makituvantie 5, Vantaa, FIN, FI-01510

Website

http://www.exelcomposites.com

Exel Composites Oyj is a technology company engaged in manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the composite market. The products offered by the group include tubes, laminates, windows and doors, and others. The firm serves sectors such as transportation, building, construction and infrastructure, energy industry, telecommunication, paper and electrical industries, and cleaning and maintenance. It has a geographic presence in Europe, North America, Asia-Pacific, and the Rest of the World, where the majority of its revenue is generated from Europe.

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