Airobot Technologies AS (OTSE:AIR) Effective Interest Rate on Debt % : 5.84% (As of Dec. 2023)

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What is Airobot Technologies AS 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. Airobot Technologies AS's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.01 Mil. Airobot Technologies AS's average total debt for the quarter that ended in Dec. 2023 was €0.14 Mil. Therefore, Airobot Technologies AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.84%.

Airobot Technologies AS Effective Interest Rate on Debt % Historical Data

The historical data trend for Airobot Technologies AS'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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Airobot Technologies AS Effective Interest Rate on Debt % Chart

Airobot Technologies AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

0.85

1.15

5.11

Airobot Technologies AS Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	7.30	2.92	4.38	5.84

Competitive Comparison of Airobot Technologies AS's Effective Interest Rate on Debt %

For the Consumer Electronics subindustry, Airobot Technologies AS'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.

Airobot Technologies AS's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

* The bar in red indicates where Airobot Technologies AS's Effective Interest Rate on Debt % falls into.

Airobot Technologies AS Effective Interest Rate on Debt % Calculation

Airobot Technologies AS'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 * -0.007	/	( (0.137	+	0.137)	/ 2 )
=	-1 * -0.007	/	0.137
=	5.11 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.137
=	0.137

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.137
=	0.137

Airobot Technologies AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.008	/	( (0.137	+	0.137)	/ 2 )
=	-1 * -0.008	/	0.137
=	5.84 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.137
=	0.137

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.137
=	0.137

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Airobot Technologies AS (OTSE:AIR) Effective Interest Rate on Debt % Explanation

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

Airobot Technologies AS Effective Interest Rate on Debt % Related Terms

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Airobot Technologies AS (OTSE:AIR) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Suur-sojamae 37a, Rae Vald, EST, 75322

Website

https://www.airobothome.com

Airobot Technologies AS is an indoor climate technology and production company, which is characterized by strong software and air analysis. The company's main product is innovative ventilation equipment with a demand-based control algorithm, which has been developed in cooperation with researchers from the University of Tartu and TalTech.