Eastnine AB (OSTO:EAST) Effective Interest Rate on Debt % : 4.55% (As of Jun. 2024)

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What is Eastnine AB 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. Eastnine AB's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was kr156.41 Mil. Eastnine AB's average total debt for the quarter that ended in Jun. 2024 was kr3,437.23 Mil. Therefore, Eastnine AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.55%.

Eastnine AB Effective Interest Rate on Debt % Historical Data

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

Eastnine AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.17

2.33

2.70

3.37

4.46

Eastnine AB Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.05	4.39	4.70	4.34	4.55

Competitive Comparison of Eastnine AB's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Eastnine AB'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.

Eastnine AB's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eastnine AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Eastnine AB Effective Interest Rate on Debt % Calculation

Eastnine AB'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 * -151.974	/	( (3617.986	+	3204.074)	/ 2 )
=	-1 * -151.974	/	3411.03
=	4.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3617.986	+	0
=	3617.986

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3204.074	+	0
=	3204.074

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -156.412	/	( (3224.097	+	3650.357)	/ 2 )
=	-1 * -156.412	/	3437.227
=	4.55 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3224.097	+	0
=	3224.097

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3650.357	+	0
=	3650.357

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

Eastnine AB (OSTO:EAST) Effective Interest Rate on Debt % Explanation

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

Eastnine AB Effective Interest Rate on Debt % Related Terms

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Eastnine AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eastnine AB (OSTO:EAST) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

0HEZ:UK O060:Germany

Address

Kungsgatan 30, Box 7214, Stockholm, SWE, 103 88

Website

https://www.eastnine.com

Eastnine AB is a Swedish real estate company focused on modern and sustainable office and logistics properties in the Baltics and Poland. Its tenants comprise, mainly, large Nordic group companies that operate internationally. The company operates through four segments namely Properties in Lithuania, Properties in Latvia, Properties in Poland and Other investments. The firm generates revenue from Rental income.