Enea AB (OSTO:ENEA) Effective Interest Rate on Debt % : 89.67% (As of Jun. 2024)

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What is Enea 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. Enea AB's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was kr381.2 Mil. Enea AB's average total debt for the quarter that ended in Jun. 2024 was kr425.1 Mil. Therefore, Enea AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 89.67%.

Enea AB Effective Interest Rate on Debt % Historical Data

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

Enea AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.95

2.01

1.77

2.59

14.78

Enea AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															44.08	-	-	5.41	89.67

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

For the Software - Infrastructure subindustry, Enea 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.

Enea AB's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Enea AB Effective Interest Rate on Debt % Calculation

Enea 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 * -81.066	/	( (587.8	+	509.435)	/ 2 )
=	-1 * -81.066	/	548.6175
=	14.78 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	566.653	+	21.147
=	587.8

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	465.074	+	44.361
=	509.435

Enea 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 * -381.2	/	( (362.5	+	487.7)	/ 2 )
=	-1 * -381.2	/	425.1
=	89.67 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.3	+	332.2
=	362.5

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.5	+	472.2
=	487.7

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.

Enea AB (OSTO:ENEA) Effective Interest Rate on Debt % Explanation

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

Enea AB Effective Interest Rate on Debt % Related Terms

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Enea AB Business Description

Industry

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0RP6:UK

Address

Kista, P.O Box 1033, Stockholm, SWE, SE-164 21

Website

https://www.enea.com

Enea AB is a supplier of advance software components for telecommunications and cybersecurity. The firm's focus areas are cloud-native, 5G-ready products for the mobile core, network virtualization, and traffic intelligence. More than 4.5 billion people rely on Enea technologies in their daily lives when they use mobile phones and connect to the internet. Enea also has a global services organization that develops software on assignments from customers that have operations in industries with strict requirements on performance and reliability. The company earns revenue by rendering services like Licensesing service, Support & maintenance services and Professional services. Geographical presence in Sweden, America, EMEA and Asia.

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