Peab AB (LTS:0MHT) Effective Interest Rate on Debt % : 3.36% (As of Mar. 2024)

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What is Peab 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. Peab AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr620 Mil. Peab AB's average total debt for the quarter that ended in Mar. 2024 was kr18,477 Mil. Therefore, Peab AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.36%.

Peab AB Effective Interest Rate on Debt % Historical Data

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

Peab AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.82

0.99

0.95

1.03

2.71

Peab AB 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															1.76	2.33	3.59	2.15	3.36

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

For the Engineering & Construction subindustry, Peab 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.

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

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

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

Peab AB Effective Interest Rate on Debt % Calculation

Peab AB'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 * -518	/	( (19804	+	18418)	/ 2 )
=	-1 * -518	/	19111
=	2.71 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8105	+	11699
=	19804

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7239	+	11179
=	18418

Peab AB'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 * -620	/	( (18418	+	18535)	/ 2 )
=	-1 * -620	/	18476.5
=	3.36 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7239	+	11179
=	18418

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6908	+	11627
=	18535

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.

Peab AB (LTS:0MHT) Effective Interest Rate on Debt % Explanation

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

Peab AB Effective Interest Rate on Debt % Related Terms

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Peab AB (LTS:0MHT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

PEAB B:Sweden PEKB:Germany

Address

Margretetorpsvagen 84, Forslov, SWE, SE-269 73

Website

https://www.peab.com

Peab AB is one of the leading Nordic construction and civil engineering companies. It builds offices around the region and contributes to all stages of construction. Many projects are related to housing, transportation, commercial property, and building materials. A network of subcontractors and external suppliers helps plan and build innovative systems for projects. Peab operates in four business areas: construction (roughly half of total revenue), civil engineering, industry, and project development. It uses technical expertise and input from customers to complete projects and deliver customized solutions. The majority of sales come from Sweden, and the company has the capacity to complete smaller local projects as well as more complex construction projects.

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