Norrhydro Group Oyj (OHEL:NORRH) Effective Interest Rate on Debt % : 11.97% (As of Dec. 2023)

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What is Norrhydro Group Oyj 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. Norrhydro Group Oyj's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €1.25 Mil. Norrhydro Group Oyj's average total debt for the quarter that ended in Dec. 2023 was €10.42 Mil. Therefore, Norrhydro Group Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.97%.

Norrhydro Group Oyj Effective Interest Rate on Debt % Historical Data

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

Norrhydro Group Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

6.95

8.02

8.41

8.58

11.14

Norrhydro Group Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				9.25	9.45	10.80	11.29	11.97

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

For the Specialty Industrial Machinery subindustry, Norrhydro Group Oyj'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.

Norrhydro Group Oyj's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Norrhydro Group Oyj Effective Interest Rate on Debt % Calculation

Norrhydro Group Oyj'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 * -1.195	/	( (10.418	+	11.033)	/ 2 )
=	-1 * -1.195	/	10.7255
=	11.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.574	+	1.844
=	10.418

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.251	+	3.782
=	11.033

Norrhydro Group Oyj'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 * -1.248	/	( (9.812	+	11.033)	/ 2 )
=	-1 * -1.248	/	10.4225
=	11.97 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.124	+	2.688
=	9.812

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.251	+	3.782
=	11.033

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.

Norrhydro Group Oyj (OHEL:NORRH) Effective Interest Rate on Debt % Explanation

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

Norrhydro Group Oyj Effective Interest Rate on Debt % Related Terms

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Norrhydro Group Oyj (OHEL:NORRH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Norrhydro Group Oyj (OHEL:NORRH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

U7X:Germany

Address

Ratavartijankatu 2, P.O.Box 8075, Rovaniemi, FIN, 96100

Website

https://www.norrhydro.com

Norrhydro Group Oyj is a provider of hydraulic cylinders in the Nordic countries. The company develops and manufactures hydraulic solutions for the needs of the forest machine, material handling, mining, civil engineering, and marine industries.

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