Time People Group AB (NGM:TPGR) Effective Interest Rate on Debt % : 13.99% (As of Jan. 2024)

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What is Time People 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. Time People Group AB's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was kr1.0 Mil. Time People Group AB's average total debt for the quarter that ended in Jan. 2024 was kr6.8 Mil. Therefore, Time People Group AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 13.99%.

Time People Group AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Time People 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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Time People Group AB Effective Interest Rate on Debt % Chart

Time People Group AB Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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2.75

Time People Group AB Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	5.06	8.41	9.43	13.99

Competitive Comparison of Time People Group AB's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Time People 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.

Time People Group AB's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Time People Group AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Time People Group AB Effective Interest Rate on Debt % Calculation

Time People Group AB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -0.252	/	( (0	+	9.167)	/ 1 )
=	-1 * -0.252	/	9.167
=	2.75 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.556	+	3.611
=	9.167

Time People Group AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.952	/	( (7.222	+	6.389)	/ 2 )
=	-1 * -0.952	/	6.8055
=	13.99 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.889	+	3.333
=	7.222

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.056	+	3.333
=	6.389

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

Time People Group AB (NGM:TPGR) Effective Interest Rate on Debt % Explanation

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

Time People Group AB Effective Interest Rate on Debt % Related Terms

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Time People Group AB (NGM:TPGR) Business Description

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Address

Kungsgatan 62, Stockholm, SWE, 111 22

Website

https://www.timepeoplegroup.com

Time People Group AB conducts consulting activities in Stockholm. It offers services that cover the entire chain from strategy, change and project management, programs, and system and method development, to test engagement and management. The group operates under its own brands with a clear focus and expertise in IT and Management.

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