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ZignSec AB (OSTO:ZIGN) Effective Interest Rate on Debt % : 37.21% (As of Jun. 2024)


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What is ZignSec 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. ZignSec AB's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was kr4.80 Mil. ZignSec AB's average total debt for the quarter that ended in Jun. 2024 was kr12.90 Mil. Therefore, ZignSec AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 37.21%.


ZignSec AB Effective Interest Rate on Debt % Historical Data

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

ZignSec AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - - 4.72 4.59 13.75

ZignSec AB Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 - 28.28 - - 37.21

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

For the Software - Infrastructure subindustry, ZignSec 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.


ZignSec AB's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, ZignSec AB's Effective Interest Rate on Debt % distribution charts can be found below:

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



ZignSec AB Effective Interest Rate on Debt % Calculation

ZignSec 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  *  -2.534/( (21.506+15.356)/ 2 )
=-1  *  -2.534/18.431
=13.75 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.27 + 6.236
=21.506

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.689 + 6.667
=15.356

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -4.8/( (13.7+12.1)/ 2 )
=-1  *  -4.8/12.9
=37.21 %

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


ZignSec AB  (OSTO:ZIGN) Effective Interest Rate on Debt % Explanation

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


ZignSec AB Effective Interest Rate on Debt % Related Terms

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ZignSec AB Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » ZignSec AB (OSTO:ZIGN) » Definitions » Effective Interest Rate on Debt %
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Address
Gävlegatan 12 B, Stockholm, SWE, 113 30
ZignSec AB is a technology group in the fast-growing RegTech industry. The company provides SaaS platform with digital real-time solutions for customer due diligence and ID verification. The solutions are used by companies that in turn can optimize their processes for onboarding both corporate customers and consumers. The company solutions ensure compliance with ever-changing local and regulatory requirements for KYC and AML (Anti Money Laundering).

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