Optomed (OHEL:OPTOMED) Effective Interest Rate on Debt % : 30.45% (As of Sep. 2024)

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What is Optomed 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. Optomed's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €1.20 Mil. Optomed's average total debt for the quarter that ended in Sep. 2024 was €3.93 Mil. Therefore, Optomed's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 30.45%.

Optomed Effective Interest Rate on Debt % Historical Data

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

Optomed Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.32

1.82

1.27

1.54

3.52

Optomed Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.69	21.52	10.10	8.82	30.45

Competitive Comparison of Optomed's Effective Interest Rate on Debt %

For the Health Information Services subindustry, Optomed'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.

Optomed's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Optomed's Effective Interest Rate on Debt % distribution charts can be found below:

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

Optomed Effective Interest Rate on Debt % Calculation

Optomed'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 * -0.204	/	( (6.743	+	4.858)	/ 2 )
=	-1 * -0.204	/	5.8005
=	3.52 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.344	+	1.399
=	6.743

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.355	+	1.503
=	4.858

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -1.196	/	( (4.122	+	3.733)	/ 2 )
=	-1 * -1.196	/	3.9275
=	30.45 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.569	+	1.553
=	4.122

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.255	+	1.478
=	3.733

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

Optomed (OHEL:OPTOMED) Effective Interest Rate on Debt % Explanation

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

Optomed Effective Interest Rate on Debt % Related Terms

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Optomed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optomed PLC (OHEL:OPTOMED) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

36U0:Germany

Address

Yrttipellontie 1, Oulu, FIN, 90230

Website

https://www.optomed.com

Optomed PLC is a Finnish health technology company and provider of handheld camera solutions. The company operates in two business segments which are Devices and Software. Devices segment develops, commercializes, and manufactures easy-to-use and affordable handheld fundus cameras, that are suitable for any clinic for screening of various eye diseases, such as diabetic retinopathy, glaucoma, and AMD. The Software segment develops and commercializes screening software for diabetic retinopathy and cancer screening for healthcare organizations. The company operates in Finland, China, and other countries.

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