Momentum Group AB (OSTO:MMGR B) Effective Interest Rate on Debt % : 8.04% (As of Mar. 2024)

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What is Momentum 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. Momentum Group AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr44 Mil. Momentum Group AB's average total debt for the quarter that ended in Mar. 2024 was kr547 Mil. Therefore, Momentum Group AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.04%.

Momentum Group AB Effective Interest Rate on Debt % Historical Data

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

Momentum Group AB Annual Data

Trend

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.59

1.80

4.31

4.24

5.01

Momentum Group AB Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											4.03	5.62	5.36	3.66	8.04

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

For the Industrial Distribution subindustry, Momentum 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.

Momentum Group AB's Effective Interest Rate on Debt % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Momentum Group AB's Effective Interest Rate on Debt % distribution charts can be found below:

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

Momentum Group AB Effective Interest Rate on Debt % Calculation

Momentum 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 * -19	/	( (198	+	561)	/ 2 )
=	-1 * -19	/	379.5
=	5.01 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	143	+	55
=	198

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	419	+	142
=	561

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -44	/	( (561	+	533)	/ 2 )
=	-1 * -44	/	547
=	8.04 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	419	+	142
=	561

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	424	+	109
=	533

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

Momentum Group AB (OSTO:MMGR B) Effective Interest Rate on Debt % Explanation

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

Momentum Group AB Effective Interest Rate on Debt % Related Terms

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Momentum Group AB (OSTO:MMGR B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Momentum Group AB (OSTO:MMGR B) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

X64:Germany

Address

Ostermalmsgatan 87 E, Stockholm, SWE, SE-114 59

Website

https://www.momentum.group

Momentum Group AB operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralized profit and business responsibility. The group consists of a number of companies that together constitute one of the Nordic region's leading suppliers of industrial components, industrial services and other related services in the industrial sector.

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