Elmera Group ASA (OSL:ELMRA) Effective Interest Rate on Debt % : 19.84% (As of Mar. 2024)

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What is Elmera Group ASA 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. Elmera Group ASA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr230 Mil. Elmera Group ASA's average total debt for the quarter that ended in Mar. 2024 was kr1,160 Mil. Therefore, Elmera Group ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.84%.

Elmera Group ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Elmera Group ASA'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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Elmera Group ASA Effective Interest Rate on Debt % Chart

Elmera Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.37

2.15

7.17

12.70

11.67

Elmera Group ASA Quarterly Data
	Jun19	Sep19	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															9.25	10.25	7.02	16.71	19.84

Competitive Comparison of Elmera Group ASA's Effective Interest Rate on Debt %

For the Utilities - Regulated Electric subindustry, Elmera Group ASA'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.

Elmera Group ASA's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Elmera Group ASA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Elmera Group ASA Effective Interest Rate on Debt % Calculation

Elmera Group ASA'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 * -149.889	/	( (1601.742	+	966.653)	/ 2 )
=	-1 * -149.889	/	1284.1975
=	11.67 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	678.646	+	923.096
=	1601.742

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	578.562	+	388.091
=	966.653

Elmera Group ASA'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 * -230.184	/	( (966.653	+	1353.895)	/ 2 )
=	-1 * -230.184	/	1160.274
=	19.84 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	578.562	+	388.091
=	966.653

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	554.471	+	799.424
=	1353.895

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.

Elmera Group ASA (OSL:ELMRA) Effective Interest Rate on Debt % Explanation

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

Elmera Group ASA Effective Interest Rate on Debt % Related Terms

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Elmera Group ASA (OSL:ELMRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elmera Group ASA (OSL:ELMRA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

ENFN RSSS PDFS EGAN MKTW DHX RMNI MITK WFCF AVID NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED

Traded in Other Exchanges

FKRAFTo:Sweden 1ZK:Germany 1ZK:Germany

Address

Folke Bernadottes vei 38, Fyllingsdalen, Bergen, NOR, 5147

Website

https://investor.elmeragroup.no

Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments being; Consumer, Business, Nordic and New Growth Initiatives (NGI), which consists of its mobile services business, the alliance segment and the Extended Alliance. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.

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