ISS AS (OCSE:ISS) Effective Interest Rate on Debt % : 3.90% (As of Jun. 2024)

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What is ISS AS 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. ISS AS's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was kr720 Mil. ISS AS's average total debt for the quarter that ended in Jun. 2024 was kr18,456 Mil. Therefore, ISS AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.90%.

ISS AS Effective Interest Rate on Debt % Historical Data

The historical data trend for ISS AS'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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ISS AS Effective Interest Rate on Debt % Chart

ISS AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.13

2.92

2.16

2.46

3.41

ISS AS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.27	2.67	2.86	3.96	3.90

Competitive Comparison of ISS AS's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, ISS AS'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.

ISS AS's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ISS AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

ISS AS Effective Interest Rate on Debt % Calculation

ISS AS'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 * -572	/	( (16800	+	16719)	/ 2 )
=	-1 * -572	/	16759.5
=	3.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15945	+	855
=	16800

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13427	+	3292
=	16719

ISS AS'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: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -720	/	( (16719	+	20193)	/ 2 )
=	-1 * -720	/	18456
=	3.90 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13427	+	3292
=	16719

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17165	+	3028
=	20193

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

ISS AS (OCSE:ISS) Effective Interest Rate on Debt % Explanation

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

ISS AS Effective Interest Rate on Debt % Related Terms

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ISS AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ISS AS (OCSE:ISS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ISFFF:USA ISSc:UK 0QRS:UK QJQ:Germany QJQ:Germany

Address

Buddingevej 197, Soborg, DNK, DK-2860

Website

https://www.issworld.com

ISS AS is a provider of workplace and facility service solutions with a focus on cleaning, property, catering, support, security, and facility management. It has three segments; office-based, production-based, and healthcare. Its core services offering to customers consist of cleaning, food, technical, and workplace services. Revenue is mainly generated in European end markets, with the majority earned in the United Kingdom.

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