Norbit ASA (OSTO:NORBITO) Effective Interest Rate on Debt % : 7.43% (As of Mar. 2025)

View and export this data going back to 2019. Start your Free Trial

What is Norbit ASA 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. Norbit ASA's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was kr40 Mil. Norbit ASA's average total debt for the quarter that ended in Mar. 2025 was kr538 Mil. Therefore, Norbit ASA's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 7.43%.

Norbit ASA Effective Interest Rate on Debt % Historical Data

The historical data trend for Norbit ASA'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.

* Premium members only.

Norbit ASA Effective Interest Rate on Debt % Chart

Norbit ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.37

3.89

4.79

9.29

14.79

Norbit ASA Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.76	11.70	4.18	6.74	7.43

Competitive Comparison of Norbit ASA's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Norbit ASA'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.

Norbit ASA's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Norbit ASA's Effective Interest Rate on Debt % distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Norbit ASA Effective Interest Rate on Debt % Calculation

Norbit ASA'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 * -59.8	/	( (266.2	+	542.5)	/ 2 )
=	-1 * -59.8	/	404.35
=	14.79 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	160.1	+	106.1
=	266.2

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	521.6	+	20.9
=	542.5

Norbit ASA'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 * -40	/	( (542.5	+	533.7)	/ 2 )
=	-1 * -40	/	538.1
=	7.43 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	521.6	+	20.9
=	542.5

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	509.1	+	24.6
=	533.7

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

Norbit ASA (OSTO:NORBITo) Effective Interest Rate on Debt % Explanation

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

Norbit ASA Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Norbit ASA's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Norbit ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Norbit ASA (OSTO:NORBITo) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NORBT:Norway NORBTo:UK 4NK:Germany

Address

Stiklestadveien 1, Trondheim, NOR, NO-7041

Website

https://www.norbit.com

Norbit ASA is l provider of tailored technology to selected applications by solving challenges through solutions. It operates in three segments namely, the Oceans segment which delivers tailored technology and solutions to the maritime markets, Connectivity (ITS) segment which offers tailored connectivity solutions based on short-range communication technology to intelligent traffic systems and truck applications, and The Product, Innovation & Realization (PIR) segment offers R&D services and contract manufacturing services to key customers. It has manufacturing facilities in Selbu and Roros. It derives maximum revenue from Oceans Segment.

Norbit ASA Headlines

No Headlines