Nordic LEVEL Group AB (OSTO:LEVEL) Effective Interest Rate on Debt % : 22.45% (As of Jun. 2024)

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What is Nordic LEVEL Group 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. Nordic LEVEL Group AB's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was kr6.3 Mil. Nordic LEVEL Group AB's average total debt for the quarter that ended in Jun. 2024 was kr28.1 Mil. Therefore, Nordic LEVEL Group AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 22.45%.

Nordic LEVEL Group AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Nordic LEVEL Group 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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Nordic LEVEL Group AB Effective Interest Rate on Debt % Chart

Nordic LEVEL Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.40

5.04

5.21

8.06

26.89

Nordic LEVEL Group 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															5.21	8.08	9.13	29.09	22.45

Competitive Comparison of Nordic LEVEL Group AB's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, Nordic LEVEL Group 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.

Nordic LEVEL Group AB's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Nordic LEVEL Group AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Nordic LEVEL Group AB Effective Interest Rate on Debt % Calculation

Nordic LEVEL Group 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 * -7.538	/	( (28.908	+	27.156)	/ 2 )
=	-1 * -7.538	/	28.032
=	26.89 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.546	+	10.362
=	28.908

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.596	+	19.56
=	27.156

Nordic LEVEL Group 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 * -6.308	/	( (14.321	+	41.875)	/ 2 )
=	-1 * -6.308	/	28.098
=	22.45 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.314	+	7.007
=	14.321

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.802	+	23.073
=	41.875

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.

Nordic LEVEL Group AB (OSTO:LEVEL) Effective Interest Rate on Debt % Explanation

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

Nordic LEVEL Group AB Effective Interest Rate on Debt % Related Terms

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Nordic LEVEL Group AB Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Esplanaden 3 B, Sundbyberg, SWE, 172 67

Website

https://www.nordiclevelgroup.com

Nordic LEVEL Group AB is an acquisition-driven group that acquires and develops companies in the security sector. The group is a full-service provider of trusted safety and security solutions, and the business is conducted through the group's subsidiaries in the Nordic market. LEVEL operates in three core areas: advisory, technology and operations. The company focus is to decrease societal costs by increasing both physical and perceived security for clients as well as allowing for law enforcement to focus on their primary societal responsibilities.

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