NRDXF (Nordex SE) Effective Interest Rate on Debt % : 226.33% (As of Jun. 2024)

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What is Nordex SE 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. Nordex SE's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $111 Mil. Nordex SE's average total debt for the quarter that ended in Jun. 2024 was $49 Mil. Therefore, Nordex SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 226.33%.

Nordex SE Effective Interest Rate on Debt % Historical Data

The historical data trend for Nordex SE'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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Nordex SE Effective Interest Rate on Debt % Chart

Nordex SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.01

12.62

16.62

18.48

26.00

Nordex SE Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															30.44	43.76	34.64	41.29	226.33

Competitive Comparison of Nordex SE's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Nordex SE'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.

Nordex SE's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordex SE's Effective Interest Rate on Debt % distribution charts can be found below:

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

Nordex SE Effective Interest Rate on Debt % Calculation

Nordex SE'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 * -147.491	/	( (616.411	+	518.071)	/ 2 )
=	-1 * -147.491	/	567.241
=	26.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	234.703	+	381.708
=	616.411

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	433.48	+	84.591
=	518.071

Nordex SE's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -110.916	/	( (49.116	+	48.895)	/ 2 )
=	-1 * -110.916	/	49.0055
=	226.33 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.065	+	42.051
=	49.116

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.997	+	41.898
=	48.895

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

Nordex SE (OTCPK:NRDXF) Effective Interest Rate on Debt % Explanation

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

Nordex SE Effective Interest Rate on Debt % Related Terms

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Nordex SE Business Description

Industry

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Traded in Other Exchanges

NRXXY:USA 1NDX:Italy NDX1d:UK 0MEC:UK NDX1:Germany NDX1:Bulgaria NDX1:Austria

Address

Langenhorner Chaussee 600, Hamburg, DEU, 22419

Website

https://www.nordex-online.com

Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment.