Ecit AS (OSL:ECIT) Effective Interest Rate on Debt % : 5.79% (As of Mar. 2024)

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What is Ecit 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. Ecit AS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr52 Mil. Ecit AS's average total debt for the quarter that ended in Mar. 2024 was kr898 Mil. Therefore, Ecit AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.79%.

Ecit AS Effective Interest Rate on Debt % Historical Data

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

Ecit AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.44

4.29

4.42

5.55

5.35

Ecit AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														4.90	5.02	5.49	6.85	5.79

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

For the Information Technology Services subindustry, Ecit 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.

Ecit AS's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Ecit AS's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ecit AS Effective Interest Rate on Debt % Calculation

Ecit 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 * -40	/	( (592	+	902)	/ 2 )
=	-1 * -40	/	747
=	5.35 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	495	+	97
=	592

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	765	+	137
=	902

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -52	/	( (902	+	894)	/ 2 )
=	-1 * -52	/	898
=	5.79 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	765	+	137
=	902

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	785	+	109
=	894

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

Ecit AS (OSL:ECIT) Effective Interest Rate on Debt % Explanation

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

Ecit AS Effective Interest Rate on Debt % Related Terms

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Ecit AS (OSL:ECIT) Business Description

Industry

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Traded in Other Exchanges

3CZ:Germany

Address

Rolfsbuktveien 4A, Fornebu, NOR, 1364

Website

https://www.ecit.com

Ecit AS provides services within key business areas of IT, Finance & Accounting and Tech across sectors and industries. The company has a model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. The group's business operations are carried out by three divisions: IT, Finance & Accounting, and Tech. The Finance & Accounting division improves customers' efficiency through delivering administrative services in a productive way along with being a key revenue driver for the company.

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