Solar Foods Oyj (OHEL:SFOODS) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2022)

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What is Solar Foods 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. Solar Foods Oyj's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was €0.00 Mil. Solar Foods Oyj's average total debt for the quarter that ended in Dec. 2022 was €19.83 Mil. Therefore, Solar Foods Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 0.00%.

Solar Foods Oyj Effective Interest Rate on Debt % Historical Data

The historical data trend for Solar Foods 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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Solar Foods Oyj Effective Interest Rate on Debt % Chart

Solar Foods Oyj Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.83

11.41

9.67

Solar Foods Oyj Quarterly Data
	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	-	-	-

Competitive Comparison of Solar Foods Oyj's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Solar Foods 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.

Solar Foods Oyj's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Foods Oyj's Effective Interest Rate on Debt % distribution charts can be found below:

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

Solar Foods Oyj Effective Interest Rate on Debt % Calculation

Solar Foods 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 * -2.199	/	( (24.525	+	20.94)	/ 2 )
=	-1 * -2.199	/	22.7325
=	9.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.525	+	0
=	24.525

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.903	+	2.037
=	20.94

Solar Foods Oyj's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (15.139	+	24.525)	/ 2 )
=	-1 * 0	/	19.832
=	0.00 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.139	+	0
=	15.139

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.525	+	0
=	24.525

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 (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Solar Foods Oyj (OHEL:SFOODS) Effective Interest Rate on Debt % Explanation

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

Solar Foods Oyj Effective Interest Rate on Debt % Related Terms

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Solar Foods Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Foods Oyj (OHEL:SFOODS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

H4N:Germany

Address

Bull run 11, Vantaa, FIN, 01730

Website

https://www.solarfoods.com

Solar Foods Oyj is a technology company that aims to commercialize food raw materials that nutritionally replace animal-based food and the patented technology platform used to produce them, hydrogen fermentation. Its first commercialized product is Solein, Solein is a protein-rich powder based on a single-celled microbe that occurs in nature. Solar Foods produces Solein as a food protein.

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