Resqunit AB (OSTO:RESQ) Effective Interest Rate on Debt % : 4.81% (As of Jun. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Resqunit 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. Resqunit AB's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was kr0.43 Mil. Resqunit AB's average total debt for the quarter that ended in Jun. 2023 was kr8.85 Mil. Therefore, Resqunit AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 4.81%.

Resqunit AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Resqunit 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.

* Premium members only.

Resqunit AB Effective Interest Rate on Debt % Chart

Resqunit AB Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

3.90

Resqunit AB Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	-	3.62	6.75	4.81

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

For the Pollution & Treatment Controls subindustry, Resqunit 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.

Resqunit AB's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Resqunit AB Effective Interest Rate on Debt % Calculation

Resqunit AB's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.217	/	( (1.541	+	9.593)	/ 2 )
=	-1 * -0.217	/	5.567
=	3.90 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.538	+	0.003
=	1.541

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.286	+	4.307
=	9.593

Resqunit AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.426	/	( (9.593	+	8.106)	/ 2 )
=	-1 * -0.426	/	8.8495
=	4.81 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.286	+	4.307
=	9.593

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.048	+	3.058
=	8.106

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Resqunit AB (OSTO:RESQ) Effective Interest Rate on Debt % Explanation

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

Resqunit AB Effective Interest Rate on Debt % Related Terms

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

Resqunit AB (OSTO:RESQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Resqunit AB (OSTO:RESQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.resqunit.com

Resqunit AB is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability.

Resqunit AB (OSTO:RESQ) Headlines

No Headlines