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Abelco Investment Group AB (NGM:ABIG) Effective Interest Rate on Debt % : 63.20% (As of Dec. 2023)


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What is Abelco Investment Group 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. Abelco Investment Group AB's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was kr1.58 Mil. Abelco Investment Group AB's average total debt for the quarter that ended in Dec. 2023 was kr2.50 Mil. Therefore, Abelco Investment Group AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 63.20%.


Abelco Investment Group AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Abelco Investment Group 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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Abelco Investment Group AB Effective Interest Rate on Debt % Chart

Abelco Investment Group AB Annual Data
Trend Dec13 Dec14 Dec15 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.96 15.66 17.74 40.13 46.45

Abelco Investment Group AB Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.00 22.12 61.84 41.53 63.20

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

For the Asset Management subindustry, Abelco Investment Group 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.


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

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

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



Abelco Investment Group AB Effective Interest Rate on Debt % Calculation

Abelco Investment Group 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  *  -2.555/( (8.5+2.5)/ 2 )
=-1  *  -2.555/5.5
=46.45 %

where

Abelco Investment Group AB'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  *  -1.58/( (0+2.5)/ 1 )
=-1  *  -1.58/2.5
=63.20 %

where

* 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.

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.


Abelco Investment Group AB  (NGM:ABIG) Effective Interest Rate on Debt % Explanation

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


Abelco Investment Group AB Effective Interest Rate on Debt % Related Terms

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Abelco Investment Group AB (NGM:ABIG) Business Description

Traded in Other Exchanges
N/A
Address
Nybrogatan 6, Stockholm, SWE, 114 34
Abelco Investment Group AB is an investment company and venture builder. It invests or builds companies in the digitized the growth sectors with a primary focus on the verticals Gaming / E-sports, E-commerce and Fintech.

Abelco Investment Group AB (NGM:ABIG) Headlines

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