Vantea Smart SpA (MIL:VNT) Effective Interest Rate on Debt % : 1.64% (As of Dec. 2023)

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What is Vantea Smart SpA 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. Vantea Smart SpA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.17 Mil. Vantea Smart SpA's average total debt for the quarter that ended in Dec. 2023 was €10.21 Mil. Therefore, Vantea Smart SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.64%.

Vantea Smart SpA Effective Interest Rate on Debt % Historical Data

The historical data trend for Vantea Smart SpA'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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Vantea Smart SpA Effective Interest Rate on Debt % Chart

Vantea Smart SpA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.16

1.64

2.43

3.34

Vantea Smart SpA Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.96	2.42	1.94	3.22	1.64

Competitive Comparison of Vantea Smart SpA's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Vantea Smart SpA'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.

Vantea Smart SpA's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Vantea Smart SpA's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Vantea Smart SpA's Effective Interest Rate on Debt % falls into.

Vantea Smart SpA Effective Interest Rate on Debt % Calculation

Vantea Smart SpA'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 * -0.26	/	( (8.485	+	7.067)	/ 2 )
=	-1 * -0.26	/	7.776
=	3.34 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.766	+	1.719
=	8.485

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.894	+	2.173
=	7.067

Vantea Smart SpA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.168	/	( (13.359	+	7.067)	/ 2 )
=	-1 * -0.168	/	10.213
=	1.64 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.6	+	5.759
=	13.359

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.894	+	2.173
=	7.067

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Vantea Smart SpA (MIL:VNT) Effective Interest Rate on Debt % Explanation

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

Vantea Smart SpA Effective Interest Rate on Debt % Related Terms

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Vantea Smart SpA (MIL:VNT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Tiburtina 1231, Rome, ITA, 00131

Website

https://www.vantea.com

Vantea Smart SpA is an Information Technology company that operates mainly in the Cybersecurity sector. It also offers consultancy in the field of System Integration and Software Development and Project development and Product development activities.