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Tempest Security AB (OSTO:TSEC) Effective Interest Rate on Debt % : 6.79% (As of Sep. 2024)


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What is Tempest Security 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. Tempest Security AB's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was kr3.0 Mil. Tempest Security AB's average total debt for the quarter that ended in Sep. 2024 was kr44.2 Mil. Therefore, Tempest Security AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 6.79%.


Tempest Security AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Tempest Security 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.

Tempest Security AB Effective Interest Rate on Debt % Chart

Tempest Security AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 3.31 3.34 4.12 5.62 6.84

Tempest Security AB Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 9.64 5.98 7.06 6.63 6.79

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

For the Security & Protection Services subindustry, Tempest Security 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.


Tempest Security AB's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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



Tempest Security AB Effective Interest Rate on Debt % Calculation

Tempest Security 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  *  -2.888/( (45.254+39.13)/ 2 )
=-1  *  -2.888/42.192
=6.84 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=32.144 + 13.11
=45.254

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.939 + 13.191
=39.13

Tempest Security AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -3.004/( (52.333+36.115)/ 2 )
=-1  *  -3.004/44.224
=6.79 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=23.913 + 28.42
=52.333

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.405 + 15.71
=36.115

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


Tempest Security AB  (OSTO:TSEC) Effective Interest Rate on Debt % Explanation

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


Tempest Security AB Effective Interest Rate on Debt % Related Terms

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Tempest Security AB Business Description

Traded in Other Exchanges
N/A
Address
Ralambsvagen 17, 17 stairs, Stockholm, SWE, 112 59
Tempest Security AB provides solutions for security, protection, and service. The company's solutions include everything from security guards and guards to receptionists and caretakers, specially trained security personnel, installation of alarm and monitoring technology, training staff and much more. It offers services in the various divisions which include real estate, hotels, and restaurants, industry, offices, shops and malls, state and municipalities as well as individuals. Geographically, the business activities are functioned through the regions of Sweden.

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