GiG Software (OSTO:GIG SDB) Effective Interest Rate on Debt % : 10.09% (As of Mar. 2025)

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What is GiG Software 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. GiG Software's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was kr4.4 Mil. GiG Software's average total debt for the quarter that ended in Mar. 2025 was kr43.4 Mil. Therefore, GiG Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 10.09%.

GiG Software Effective Interest Rate on Debt % Historical Data

The historical data trend for GiG Software'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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GiG Software Effective Interest Rate on Debt % Chart

GiG Software Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec23

Dec24

Effective Interest Rate on Debt %

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11.18

9.43

10.65

0.39

GiG Software Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Sep23	Dec23	Mar24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					-	-	-	29.39	10.09

Competitive Comparison of GiG Software's Effective Interest Rate on Debt %

For the Electronic Gaming & Multimedia subindustry, GiG Software'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.

GiG Software's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GiG Software's Effective Interest Rate on Debt % distribution charts can be found below:

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

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GiG Software Effective Interest Rate on Debt % Calculation

GiG Software's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	48.518)	/ 1 )
=	-1 * 0	/	48.518
=	0.00 %

where

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

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.359	+	29.159
=	48.518

GiG Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -4.38	/	( (48.518	+	38.341)	/ 2 )
=	-1 * -4.38	/	43.4295
=	10.09 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.359	+	29.159
=	48.518

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.05	+	26.291
=	38.341

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

GiG Software (OSTO:GIG SDB) Effective Interest Rate on Debt % Explanation

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

GiG Software Effective Interest Rate on Debt % Related Terms

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GiG Software Business Description

Industry

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K0W:Germany

Address

Triq id-Dragunara, St Julian’s, MLT, STJ 3148

Website

https://www.gig.com

GiG Software PLC is a B2B provider of software within the iGaming industry, offering its proprietary technical platform solutions and services tailored to casino operators through a SaaS model. The Company enables operators to design, implement, and operate online casinos through its comprehensive turn-key platform and surrounding product suite. Its products and services are iGaming Platform, Sportsbook Sweepstakes Social Casino, AI Solutions, and Turnkey iGaming services.

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