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Observe Medical ASA (OSL:OBSRV) Effective Interest Rate on Debt % : 25.93% (As of Jun. 2023)


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What is Observe Medical 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. Observe Medical ASA's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was kr14.78 Mil. Observe Medical ASA's average total debt for the quarter that ended in Jun. 2023 was kr57.02 Mil. Therefore, Observe Medical ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 25.93%.


Observe Medical ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Observe Medical 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.

* Premium members only.

Observe Medical ASA Effective Interest Rate on Debt % Chart

Observe Medical ASA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.03 8.33 15.79 13.77 12.83

Observe Medical ASA Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.64 -42.61 37.36 25.93 -

Competitive Comparison of Observe Medical ASA's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Observe Medical 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.


Observe Medical ASA's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Observe Medical ASA's Effective Interest Rate on Debt % distribution charts can be found below:

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



Observe Medical ASA Effective Interest Rate on Debt % Calculation

Observe Medical 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  *  -6.649/( (48.391+55.296)/ 2 )
=-1  *  -6.649/51.8435
=12.83 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.911 + 46.48
=48.391

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.163 + 5.133
=55.296

Observe Medical ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -14.784/( (54.552+59.49)/ 2 )
=-1  *  -14.784/57.021
=25.93 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.892 + 52.66
=54.552

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.276 + 58.214
=59.49

* 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.

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 (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Observe Medical ASA  (OSL:OBSRV) Effective Interest Rate on Debt % Explanation

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


Observe Medical ASA Effective Interest Rate on Debt % Related Terms

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Observe Medical ASA (OSL:OBSRV) Business Description

Traded in Other Exchanges
Address
Dronning Eufemias gate 16, Oslo, NOR, 0191
Observe Medical ASA through its subsidiaries develops medical technology products that benefit patients and healthcare professionals. It has developed the product Sippi which is an automatic and digital urine meter and the technology Sippcoat which prevents bacterial migration in closed collection systems.

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