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Norion Bank AB (OSTO:NORION) Effective Interest Rate on Debt % : 143.05% (As of Mar. 2024)


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What is Norion Bank 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. Norion Bank AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was kr1,864 Mil. Norion Bank AB's average total debt for the quarter that ended in Mar. 2024 was kr1,303 Mil. Therefore, Norion Bank AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 143.05%.


Norion Bank AB Effective Interest Rate on Debt % Historical Data

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

Norion Bank AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 10.26 16.14 10.40 10.56 54.58

Norion Bank AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.64 39.88 63.91 103.82 143.05

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

For the Banks - Regional subindustry, Norion Bank 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.


Norion Bank AB's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Norion Bank AB's Effective Interest Rate on Debt % distribution charts can be found below:

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



Norion Bank AB Effective Interest Rate on Debt % Calculation

Norion Bank 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  *  -1318/( (3473+1357)/ 2 )
=-1  *  -1318/2415
=54.58 %

where

Norion Bank 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  *  -1864/( (1357+1249)/ 2 )
=-1  *  -1864/1303
=143.05 %

where

* 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.

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.


Norion Bank AB  (OSTO:NORION) Effective Interest Rate on Debt % Explanation

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


Norion Bank AB Effective Interest Rate on Debt % Related Terms

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Norion Bank AB (OSTO:NORION) Business Description

Industry
Traded in Other Exchanges
N/A
Address
Lilla Bommens Torg 11, Goteborg, SWE, 411 04
Norion Bank AB, formerly Collector Bank AB specializes in financing solutions for corporate and private individuals, with particular focus on small and medium-sized companies. The main business is conducted through four segments namely Corporate, Real estate, Consumer and Payments. The Corporate segment includes corporate loans and factoring directed mainly at small and medium-sized companies in a wide range of industries in Sweden, Norway and Finland. The Real estate segment comprises real estate loans focusing on metropolitan areas and university cities in the Nordic region and the Consumer segment offers unsecured loans to private individuals The Payments segment offers payment and checkout solutions for e-commerce and retail chains.

Norion Bank AB (OSTO:NORION) Headlines

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