GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Saab AB (OTCPK:SAABF) » Definitions » Effective Interest Rate on Debt %

Saab AB (Saab AB) Effective Interest Rate on Debt % : 1.52% (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Saab 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. Saab AB's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $15 Mil. Saab AB's average total debt for the quarter that ended in Mar. 2024 was $961 Mil. Therefore, Saab AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.52%.


Saab AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Saab 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.

Saab AB Effective Interest Rate on Debt % Chart

Saab AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.88 2.95 2.84 2.91 5.28

Saab 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 1.34 1.43 6.36 18.04 1.52

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

For the Aerospace & Defense subindustry, Saab 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.


Saab AB's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Saab AB's Effective Interest Rate on Debt % distribution charts can be found below:

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



Saab AB Effective Interest Rate on Debt % Calculation

Saab 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  *  -51.279/( (962.42+979.079)/ 2 )
=-1  *  -51.279/970.7495
=5.28 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=866.159 + 96.261
=962.42

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=876.716 + 102.363
=979.079

Saab 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  *  -14.6/( (979.079+942.149)/ 2 )
=-1  *  -14.6/960.614
=1.52 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=876.716 + 102.363
=979.079

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=869.824 + 72.325
=942.149

* 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.


Saab AB  (OTCPK:SAABF) Effective Interest Rate on Debt % Explanation

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


Saab AB Effective Interest Rate on Debt % Related Terms

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


Saab AB (Saab AB) Business Description

Industry
Address
Olof Palmes gata 17, 5th Floor, Stockholm, SWE, SE-111 22
Saab AB supplies products and services for military, defense, and civil security. The company operates within six segments: Aeronautics, Dynamics, Surveillance, Support and Services, Industrial Products and Services, and Kockums. Aeronautics involves the manufacturing of defense and commercial aerial systems. Dynamics produces combat weapons and defense training and management systems. The Surveillance segment supplies security services. Support and Services offers solutions related to civil and military missions. IPS creates traffic management technology and aviation parts. Kockums offers solutions for naval missions. Over three quarters of its sales are from the defense sector. The company sells to multiple geographic regions, but over half of its sales come from Europe.

Saab AB (Saab AB) Headlines

From GuruFocus

Saab Presents First Gripen E to Brazil

By PRNewswire PRNewswire 09-10-2019

Saab and FMV Sign Framework Agreement for Carl-Gustaf M4

By PRNewswire PRNewswire 06-26-2019