Investment AB Latour (LTS:0RQP) Effective Interest Rate on Debt % : 3.07% (As of Mar. 2024)

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What is Investment AB Latour 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. Investment AB Latour's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr412 Mil. Investment AB Latour's average total debt for the quarter that ended in Mar. 2024 was kr13,420 Mil. Therefore, Investment AB Latour's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.07%.

Investment AB Latour Effective Interest Rate on Debt % Historical Data

The historical data trend for Investment AB Latour'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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Investment AB Latour Effective Interest Rate on Debt % Chart

Investment AB Latour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.93

0.71

0.85

2.79

Investment AB Latour 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															2.90	2.54	3.19	1.76	3.07

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

For the Asset Management subindustry, Investment AB Latour'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.

Investment AB Latour's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Investment AB Latour's Effective Interest Rate on Debt % distribution charts can be found below:

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

Investment AB Latour Effective Interest Rate on Debt % Calculation

Investment AB Latour'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 * -378	/	( (14011	+	13088)	/ 2 )
=	-1 * -378	/	13549.5
=	2.79 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8736	+	5275
=	14011

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8527	+	4561
=	13088

Investment AB Latour'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 * -412	/	( (13088	+	13751)	/ 2 )
=	-1 * -412	/	13419.5
=	3.07 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8527	+	4561
=	13088

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8219	+	5532
=	13751

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.

Investment AB Latour (LTS:0RQP) Effective Interest Rate on Debt % Explanation

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

Investment AB Latour Effective Interest Rate on Debt % Related Terms

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Investment AB Latour (LTS:0RQP) Business Description

Industry

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Traded in Other Exchanges

LATO B:Sweden LATOBs:UK 18LB:Germany

Address

J A Wettergrens Gata 7, P.O. Box 336, Gothenburg, SWE, 401 25

Website

http://www.latour.se

Investment AB Latour is an investment holding company that makes investments in wholly owned industrial operations and a portfolio of securities. Latour has a long-term and activist orientation, with the vast majority of its total net asset value deriving from companies that have been in its portfolio for more than 20 years. The company measures its performance against its benchmark, the Stockholm Stock Exchange's total return index. Its criterion is to invest in companies that have their own products that meet growing international demand. Latour specifically evaluates four trends: demographic development, sustainability, globalization, and competition for limited resources.

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