Niutech Group (NGM:NIUTEC) Effective Interest Rate on Debt % : 8.50% (As of Dec. 2024)

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What is Niutech Group 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. Niutech Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was kr4.0 Mil. Niutech Group's average total debt for the quarter that ended in Dec. 2024 was kr47.3 Mil. Therefore, Niutech Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 8.50%.

Niutech Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Niutech Group'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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Niutech Group Effective Interest Rate on Debt % Chart

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

8.31

8.07

9.83

Niutech Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												12.10	11.55	11.03	8.13	8.50

Competitive Comparison of Niutech Group's Effective Interest Rate on Debt %

For the Solar subindustry, Niutech Group'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.

Niutech Group's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Niutech Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Niutech Group Effective Interest Rate on Debt % Calculation

Niutech Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -3.88	/	( (27.996	+	50.98)	/ 2 )
=	-1 * -3.88	/	39.488
=	9.83 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.345	+	7.651
=	27.996

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.362	+	33.618
=	50.98

Niutech Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -4.024	/	( (43.686	+	50.98)	/ 2 )
=	-1 * -4.024	/	47.333
=	8.50 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.424	+	24.262
=	43.686

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.362	+	33.618
=	50.98

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

Niutech Group (NGM:NIUTEC) Effective Interest Rate on Debt % Explanation

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

Niutech Group Effective Interest Rate on Debt % Related Terms

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Niutech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niutech Group (NGM:NIUTEC) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Segelbatsvagen 7, Stockholm, SWE, 11264

Website

https://www.niutech.se

Niutech Group sells and installs innovative solutions within green digital infrastructure that accelerate the transition to efficient and fossil-free energy solutions. It offer includes solutions within digital infrastructure, solar energy and electrical installation.

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